M&A Deal Summary

Hyland Acquires AcroSoft

On May 9, 2016, Hyland acquired software company AcroSoft from Interactive Intelligence Group

Acquisition Highlights
  • This is Hyland’s 4th transaction in the Software sector.
  • This is Hyland’s 9th transaction in the United States.
  • This is Hyland’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2016-05-09
Target AcroSoft
Sector Software
Buyer(s) Hyland
Sellers(s) Interactive Intelligence Group
Deal Type Divestiture

Target

AcroSoft

Columbia, South Carolina, United States
AcroSoft Corp. offers ECM-focused software solutions to the insurance marketplace. AcroSoft adds approximately 50 insurance organizations to its more than 500 existing global insurance providers.

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Buyer(S) 1

Buyer

Hyland

Westlake, Ohio, United States
Category Company
Founded 1991
Sector Software
DESCRIPTION

Hyland is a developer and marketer of enterprise content management (ECM) software. The company's OnBase enterprise content management solution is deployable at both the departmental and enterprise levels and provides organizations with unique, modular solutions that help them streamline their work processes and share information among their employees, business partners, and customers. Hyland was founded in 1991 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 9 of 16
Sector (Software) 4 of 9
Type (Divestiture) 1 of 4
State (South Carolina) 1 of 1
Country (United States) 9 of 15
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 LawLogix

Phoenix, Arizona, United States

LawLogix is a provider of software as a service (“SaaS”) solutions and data migration services to law firms, employers, and non-profit organizations. The Company provides immigration case management, electronic I-9 compliance, and E-Verify solutions with a focus on engineering excellence, stellar customer service and support, and thorough legal analysis. LawLogix is based in 2000 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Perceptive Software

Shawnee, Kansas, United States

Perceptive Software builds process and content management software for enterprises. Perceptive business unit, including Perceptive Content (formerly ImageNow), Perceptive Intelligent Capture (formerly Brainware), Acuo VNA, PACSGEAR, Claron, Nolij, Saperion, Pallas Athena, ISYS and Twistage

Buy -

Seller(S) 1

SELLER

Interactive Intelligence Group

Indianapolis, Indiana, United States
Category Company
Founded 1994
Sector Internet Software and Services
Employees2,309
Revenue 413M USD (2016)
DESCRIPTION

Interactive Intelligence Group, Inc. is a provider of software and services designed to improve the customer experience. The company's 6,000-plus customers worldwide have benefited from its cloud and on-premises solutions for contact center, unified communications, and business process automation.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 Anveshan Techsolutions Pvt.

Mumbai, India

Customer360 is a developer of SaaS applications that help businesses enhance customer relations using non-voice communications channels.

Buy $10M
Mergr

Product

Company

Legal