M&A Deal Summary

hybris Acquires iCongo

On August 23, 2011, hybris acquired internet software and services company iCongo from HGGC

Acquisition Highlights
  • This is hybris’ 1st transaction in the Internet Software and Services sector.
  • This is hybris’ 1st transaction in Canada.
  • This is hybris’ 1st transaction in Quebec.

M&A Deal Summary

Date 2011-08-23
Target iCongo
Sector Internet Software and Services
Buyer(s) hybris
Sellers(s) HGGC
Deal Type Add-on Acquisition

Target

iCongo

Montreal, Quebec, Canada
iCongo is a developer of e-business systems and software that enable companies to effectively and efficiently transact business over the Internet. iCongo's solutions include B2C and B2B e-commerce systems, retail cross-channel systems and a comprehensive suite of Internet marketing applications.

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Buyer(S) 1

Buyer

hybris

Munich, Germany

Category Company
Founded 1997
Sector Software
DESCRIPTION

hybris GmbH is a vendor of multi-channel communication and commerce software solutions. hybris offers a complete omni-channel commerce platform that incorporates Web, mobile, call center and store solutions. hybris helps businesses of all sizes on every continent sell more goods, services and digital content through every touch point, channel and device. hybris’ solutions provide a single view of customers, products and orders across multiple demand and delivery channels, made possible by state-of-the-art master data management and unified commerce processes for all channels. hybris was formed in 1997.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.


DEAL STATS #
Overall 2 of 27
Sector: Internet Software and Services M&A 1 of 6
Type: Add-on Acquisition M&A Deals 2 of 14
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 hybris

Munich, Germany

hybris GmbH is a vendor of multi-channel communication and commerce software solutions. hybris offers a complete omni-channel commerce platform that incorporates Web, mobile, call center and store solutions. hybris helps businesses of all sizes on every continent sell more goods, services and digital content through every touch point, channel and device. hybris’ solutions provide a single view of customers, products and orders across multiple demand and delivery channels, made possible by state-of-the-art master data management and unified commerce processes for all channels. hybris was formed in 1997.

Buy -