M&A Deal Summary

IBM Acquires SoftLayer Technologies

On July 8, 2013, IBM acquired internet software and services company SoftLayer Technologies from GI Partners

Acquisition Highlights
  • This is IBM’s 10th transaction in the Internet Software and Services sector.
  • This is IBM’s 92nd transaction in the United States.
  • This is IBM’s 6th transaction in Texas.

M&A Deal Summary
Date 2013-07-08
Target SoftLayer Technologies
Sector Internet Software and Services
Buyer(s) IBM
Sellers(s) GI Partners
Deal Type Add-on Acquisition
Advisor(s) Credit Suisse Investment Banking
Morgan Stanley
Citizens Digital Infrastructure M&A Advisory (Financial)
Kirkland & Ellis (Legal)

Target

SoftLayer Technologies

Dallas, Texas, United States
SoftLayer Technologies, Inc. is a provider of on-demand data center and hosting services from facilities across the U.S.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
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 STATS #
Overall 124 of 198
Sector (Internet Software and Services) 10 of 25
Type (Add-on Acquisition) 109 of 175
State (Texas) 6 of 9
Country (United States) 92 of 142
Year (2013) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 UrbanCode

Cleveland, Ohio, United States

UrbanCode, Inc. is a developer of software for businesses to quickly update and release mobile, social, big data and cloud-based apps.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 CSL International

Herzliya Pituach, Israel

CSL International is a provider of virtualization management technology for IBM’s zEnterprise system.

Buy -

Seller(S) 1

SELLER

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 42.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.

DEAL STATS #
Overall 8 of 24
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 7
State (Texas) 1 of 1
Country (United States) 8 of 19
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Liberty Park

Vienna, Virginia, United States

Liberty Park at Tysons, a 225,038 square foot mission-critical data center and office property located in Vienna, VA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 One Wilshire

Los Angeles, California, United States

One Wilshire is a downtown Los Angeles network facility and data center.

Buy -
Mergr

Product

Company

Legal