M&A Deal Summary

GFI Software Acquires Exinda

On April 27, 2017, GFI Software acquired software company Exinda

Acquisition Highlights
  • This is GFI Software’s 3rd transaction in the Software sector.
  • This is GFI Software’s 2nd transaction in the United States.
  • This is GFI Software’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2017-04-27
Target Exinda
Sector Software
Buyer(s) GFI Software
Deal Type Add-on Acquisition

Target

Exinda

Boston, Massachusetts, United States
Exinda, Inc. is a provider of wide area network optimization and bandwidth management solutions to enterprises, educators and service providers. Exinda, Inc. was founded in 2002 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

GFI Software

San Gwann, Malta

Category Company
Founded 1992
Sector Software
DESCRIPTION

GFI is one of leading IT software and services groups, offering a range of services in the specification, development and implementation of information systems for a wide variety of customers.The Permira Funds originally invested in GFI in March 1997 to back its strong management team and to finance its growth. During the following 18 months, GFI followed an aggressive growth strategy and maintained a 100% growth record, achieved both organically and through a series of five acquisitions.In May 1998 GFI floated on the French Second Marche. At issue, the business was capitalised at Euro 412 million.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-30 IASO Backup Technology BV

Emmeloord, Netherlands

IASO Backup Technology is a provider of IP Backup software and services. IASO Backup software is used by Telecom, Internet and ICT Services providers in order to realize advanced, very scalable online backup services.

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