M&A Deal Summary

Hive-IO Acquires Atlantis Computing

On July 27, 2017, Hive-IO acquired software company Atlantis Computing from Adams Street Partners

Acquisition Highlights
  • This is Hive-IO’s 1st transaction in the Software sector.
  • This is Hive-IO’s 1st transaction in the United States.
  • This is Hive-IO’s 1st transaction in California.

M&A Deal Summary

Date 2017-07-27
Target Atlantis Computing
Sector Software
Buyer(s) Hive-IO
Sellers(s) Adams Street Partners
Deal Type Add-on Acquisition

Target

Atlantis Computing

Mountain View, California, United States
Atlantis Computing, Inc. is a provider of software complements virtualization solutions from Citrix, Microsoft and VMware to optimize the use of data center storage by virtualized desktops and servers, automate large scale deployment and management, and lower implementation risks.

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Buyer(S) 1

Buyer

Hive-IO

New York, New York, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Hive-IO is an infrastructure company, provides of the public cloud with all the security, control and governance of the private cloud. It provides secure cloud software infrastructure platform and all-inclusive ground up solution delivers full cloud service out of the box.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 68 of 101
Sector: Software M&A 15 of 20
Type: Add-on Acquisition M&A Deals 37 of 54
State: California M&A 33 of 45
Country: United States M&A 63 of 93
Year: 2017 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 Lever

San Francisco, California, United States

Lever is a recruiting software that supports the hiring needs of over 1,300 leading companies around the globe including the teams at Netflix, Lyft, Hot Topic, and Owens-Illinois. Lever is designed with integrated ATS and CRM functionality, and features a modern interface that helps employers develop stronger candidate relationships in fewer clicks. Lever was founded in 2012 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Vacasa

Portland, Oregon, United States

Vacasa is a vacation rental management company in North America and offers property management and other real estate services directly and through licensed subsidiaries. Vacasa was founded in 2009 and is based in Portland, Oregon.

Buy -