M&A Deal Summary

Gen Digital Acquires AXENT Technologies

On December 18, 2000, Gen Digital acquired software company AXENT Technologies from TA Associates for 975M USD

Acquisition Highlights
  • This is Gen Digital’s 18th transaction in the Software sector.
  • This is Gen Digital’s 4th largest (disclosed) transaction.
  • This is Gen Digital’s 19th transaction in the United States.
  • This is Gen Digital’s 2nd transaction in Maryland.

M&A Deal Summary

Date 2000-12-18
Target AXENT Technologies
Sector Software
Buyer(s) Gen Digital
Sellers(s) TA Associates
Deal Type Merger
Deal Value 975M USD

Target

AXENT Technologies

Rockville, Maryland, United States
AXENT Technologies, Inc. is a supplier of network-based security software, principally focused on the Intranet.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 22 of 77
Sector (Software) 18 of 49
Type (Merger) 1 of 2
State (Maryland) 2 of 3
Country (United States) 19 of 60
Year (2000) 2 of 2
Size (of disclosed) 4 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-09 L-3 Commun Network Security

United States

L-3 Commun Network Security provides internet security solutions.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-30 Lindner & Pelc Consult

Germany

Lindner & Pelc Consult GmbH provides computer consulting services.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 70 of 255
Sector (Software) 18 of 55
Type (Merger) 3 of 6
State (Maryland) 2 of 5
Country (United States) 67 of 206
Year (2000) 10 of 10
Size (of disclosed) 13 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 Datek Online Holdings

Iselin, New Jersey, United States

Established in 1998, privately held Datek Online Holdings Corp. is one of the fastest-growing financial services companies in the United States and through affiliates provides swift access to financial services through innovative technology. The Company’s primary businesses are Datek Online Brokerage Services LLC, a pioneer in the online brokerage industry; iClearing LLC, a securities clearing operation; and Watcher Technologies, a provider of cutting-edge trading systems for the professional trading industry.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Cardtronics

Houston, Texas, United States

Cardtronics is a provider of integrated Automated Teller Machine and financial kiosk products and services. Cardtronics was formed in 1989 and is based in Houston, Texas.

Buy -