M&A Deal Summary

Hummingbird Acquires PC DOCS Group International

On March 5, 1999, Hummingbird acquired information technology company PC DOCS Group International for 155M USD

Acquisition Highlights
  • This is Hummingbird’s 1st transaction in the Information Technology sector.
  • This is Hummingbird’s largest (disclosed) transaction.
  • This is Hummingbird’s 1st transaction in Canada.
  • This is Hummingbird’s 1st transaction in Ontario.

M&A Deal Summary

Date 1999-03-05
Target PC DOCS Group International
Sector Information Technology
Buyer(s) Hummingbird
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

PC DOCS Group International

Toronto, Ontario, Canada
PC DOCS Group International, Inc. develop, market and, support object-oriented client/server and Internet Document Management systems, Knowledge Management systems and Financial and Case Management systems for professionals. The Company's customers include Fortune 1000 companies, financial institutions, healthcare providers, manufacturing, consumer products, communications and pharmaceutical companies, utilities, government agencies, the legal industry, and accounting and other professions in North America, Latin America, Europe, Australia and the Far East.

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Buyer(S) 1

Buyer

Hummingbird

Toronto, Ontario, Canada

Category Company
Founded 1984
Sector Software
DESCRIPTION

Hummingbird Ltd. is an enterprise software and solutions company that specializes in the development of decision-enabling web-based work environments.


DEAL STATS #
Overall 2 of 7
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (1999) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-08 Datenrevision

Hamburg, Germany

Datenrevision is a privately held software consulting company specializing in the areas of client/server development and data warehousing projects, as well as the distribution of software tools. Datenrevision has established itself as an expert in software consulting among large corporate customers. The company distributes and supports high-end client/server development tools and Business Intelligence tools from Hummingbird, and currently has approximately 500 customers in Germany and Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-10 Financial Frameworks

United States

Financial Frameworks is a fully integrated, scalable enterprise business intelligence solution that allows users to access and analyze information stored in transactional databases, data marts, data warehouses and enterprise resource planning (ERP) applications both on the desktop and over the Web.

Buy $1M