Add-on Acquisition • Internet Software and Services

IBM Acquires Fiberlink Communications

On December 18, 2013, IBM acquired internet software and services company Fiberlink Communications from NewSpring Capital and TCV for 200M USD

Acquisition Context
  • This is IBM’s 12th transaction in the Internet Software and Services sector.
  • This is IBM’s 28th largest (disclosed) transaction.
  • This is IBM’s 95th transaction in the United States.
  • This is IBM’s 3rd transaction in Pennsylvania.

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M&A Deal Summary

Date December 18, 2013
Target Fiberlink Communications
Sector Internet Software and Services
Buyer(s) IBM
Sellers(s) NewSpring Capital
TCV
Deal Type Add-on Acquisition
Deal Value 200M USD

Target Company

Fiberlink Communications

Blue Bell, Pennsylvania, United States
Fiberlink Communications Corp. is a provider of cloud based comprehensive security and management for applications, documents, email, and devices.
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Buyer Overview 1

Buyer

IBM

Armonk, New York, United States

Category Company
Founded 1911
Sector Information Technology
Employees270,300
Revenue 62.8B USD (2024)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.


Deal Context for Buyer #
Overall 130 of 204
Sector: Internet Software and Services 12 of 25
Type: Add-on Acquisition 115 of 181
State: Pennsylvania 3 of 3
Country: United States 95 of 147
Year: 2013 9 of 10
Size (of disclosed) 28 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 Xtify

New York, New York, United States

Xtify Inc. is a provider of cloud-based mobile messaging tools that help organizations improve mobile sales, drive in-store traffic and engage customers with personalized offers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Aspera

Emeryville, California, United States

Aspera, Inc. is a provider of next-generation software technologies to helps companies securely speed the movement of massive data files around the world.

Buy -

Seller Profiles 2

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


Deal Context for Seller #
Overall 21 of 92
Sector: Internet Software and Services 1 of 8
Type: Add-on Acquisition 10 of 52
State: Pennsylvania 11 of 25
Country: United States 21 of 91
Year: 2013 6 of 6
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 North Atlantic Ship Repair

Boston, Massachusetts, United States

North Atlantic Ship Repair is a provider of large vessel repair company specializing in repairing military/naval vessels and cruise ships North Atlantic Ship Repair was founded in 1995 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 SUN Behavioral Health

Red Bank, New Jersey, United States

SUN Behavioral Health is a provider of various behavioral health services to children, youth, adults, and seniors. SUN Behavioral Health is based in Red Bank, New Jersey.

Buy -
SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


Deal Context for Seller #
Overall 57 of 84
Sector: Internet Software and Services 11 of 21
Type: Add-on Acquisition 31 of 43
State: Pennsylvania 1 of 2
Country: United States 51 of 73
Year: 2013 3 of 3
Size (of disclosed) 19 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 ICON International Communications Singapore

Singapore, Singapore

ICON is Singapore's largest independently owned PR consultancy, with a dynamic, entrepreneurial culture. ICON opened its Singapore office in May 2005 and rapidly forged solid partnerships with a wide cross-section of clients which include some of the world's largest and most respected companies and brands. ICON's expertise and client base spans aerospace, financial services, consumer and lifestyle, professional services, automotive, technology and travel and hospitality. ICON is also the only agency in the region to offer a fully integrated crisis management capability, through its exclusive partnership with the world's largest disaster management company, Kenyon International Emergency Services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-12 Avalara

Durham, North Carolina, United States

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Durham, North Carolina.

Buy -