M&A Deal Summary

HP Acquires Colorado Memory Systems

On September 1, 1992, HP acquired technology hardware company Colorado Memory Systems from TA Associates

Acquisition Highlights
  • This is HP’s 4th transaction in the Technology Hardware sector.
  • This is HP’s 5th transaction in the United States.
  • This is HP’s 1st transaction in Colorado.

M&A Deal Summary

Date 1992-09-01
Target Colorado Memory Systems
Sector Technology Hardware
Buyer(s) HP
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Colorado Memory Systems

Loveland, Colorado, United States
Colorado Memory Systems, Inc. manufactures and markets personal computer tape-backup systems for IBM-compatible personal computers.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States

Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.7B USD (2023)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. HP focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.


DEAL STATS #
Overall 6 of 96
Sector (Technology Hardware) 4 of 22
Type (Add-on Acquisition) 5 of 87
State (Colorado) 1 of 3
Country (United States) 5 of 76
Year (1992) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-12-31 ABB CADE Intl

Germany

ABB CADE Intl GmbH provides Computer programming services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-04-01 Four Pi Systems

San Diego, California, United States

Four Pi Systems was a start-up company in San Diego, CA that created a X-Ray Laminography system (3DX) for inspecting solder joints on circuit boards. The company was later bought by Hewlett Packard Company and moved to Loveland, Colorado. When Hewlett Packard split off the testing division to Agilent Technologies the X-Ray Laminography system (5DX) was part of Agilent Technologies offerings

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 16 of 255
Sector (Technology Hardware) 3 of 8
Type (Add-on Acquisition) 8 of 130
State (Colorado) 1 of 9
Country (United States) 15 of 206
Year (1992) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Payment Services

Houston, Texas, United States

Payment Services Company (PSC) provides check guarantee services to retailers and financial institutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-10-01 McAfee

San Jose, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in San Jose, California.

Sell -