M&A Deal Summary

Gen Digital Acquires Altiris

On April 9, 2007, Gen Digital acquired information technology company Altiris from TCV for 830M USD

Acquisition Highlights
  • This is Gen Digital’s 11th transaction in the Information Technology sector.
  • This is Gen Digital’s 6th largest (disclosed) transaction.
  • This is Gen Digital’s 40th transaction in the United States.
  • This is Gen Digital’s 2nd transaction in Utah.

M&A Deal Summary

Date 2007-04-09
Target Altiris
Sector Information Technology
Buyer(s) Gen Digital
Sellers(s) TCV
Deal Type Add-on Acquisition
Deal Value 830M USD

Target

Altiris

Lindon, Utah, United States
Altiris, Inc. is a leading provider of service-oriented management software that enables IT organizations to easily manage, secure and service heterogeneous IT assets. Flexible solutions from Altiris help IT align services to drive business objectives, deliver audit-ready security, automate tasks, and reduce the cost and complexity of management.

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Buyer(S) 1

Buyer

Gen Digital

Tempe, Arizona, United States

Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.


DEAL STATS #
Overall 47 of 78
Sector (Information Technology) 11 of 17
Type (Add-on Acquisition) 46 of 73
State (Utah) 2 of 2
Country (United States) 40 of 61
Year (2007) 2 of 3
Size (of disclosed) 6 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-23 4FrontSecurity

Reston, Vermont, United States

4FrontSecurity, Inc. provides software and content rich assessment modules that map to regulations, standards and best practices, enabling organizations to measure how they are performing against key criteria. The management reports provide gap analysis and trend reporting that dramatically improves and accelerates management's insight of risk, regulatory, compliance and security control criteria to meet organizational information and business objectives.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Vontu

San Francisco, California, United States

Vontu is the leader in Data Loss Prevention (DLP) solutions that combine endpoint and network-based technology to accurately detect and automatically protect confidential data wherever it is stored or used.

Buy $350M

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 27 of 83
Sector (Information Technology) 4 of 10
Type (Add-on Acquisition) 15 of 43
State (Utah) 1 of 2
Country (United States) 24 of 73
Year (2007) 3 of 7
Size (of disclosed) 4 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Fandango

Los Angeles, California, United States

Fandango, Inc. is an online movie destination and ticketing source. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 BeVocal

Mountain View, California, United States

BeVocal, Inc. is a provider of hosted call automation solutions to enterprises and service providers.

Sell $140M