M&A Deal Summary

iCrossing Acquires Proxicom

On July 30, 2007, iCrossing acquired internet software and services company Proxicom from The Gores Group

Acquisition Highlights
  • This is iCrossing’s 1st transaction in the Internet Software and Services sector.
  • This is iCrossing’s 1st transaction in the United States.
  • This is iCrossing’s 1st transaction in Virginia.

M&A Deal Summary

Date 2007-07-30
Target Proxicom
Sector Internet Software and Services
Buyer(s) iCrossing
Sellers(s) The Gores Group
Deal Type Add-on Acquisition

Target

Proxicom

Reston, Virginia, United States
Proxicom, Inc. is an internationally recognized Internet consulting firm, delivering custom-tailored web applications, industry-specific solutions, and system integration services to Global 1000 organizations. Proxicom provides specialized technology development expertise across a number of select industry groups including: Automotive, Healthcare, Government and Financial Services. Founded in 1991 as a systems integrator, Proxicom has developed and built web solutions for such companies as ExxonMobil, Chevron, Dupont, Mazda North American Operations, GMAC and Toyota Motor Sales, among many others.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

iCrossing

Scottsdale, Arizona, United States

Category Company
Founded 1998
Sector Marketing
DESCRIPTION

iCrossing,Inc. is a search engine marketing agency that builds strategics for Fortune 500 companies and manages visability across many search engines.


DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-08 Red Aril

New York, New York, United States

Red Aril is a data management and audience optimization platform (DMP) company that puts brands in charge of their audience data. Red Aril’s DMP helps brands reach high-value target audiences by using predictive modeling that integrates any type of data from any source. Utilizing these models, Red Aril enables brands to more effectively use data to drive revenue.

Buy -

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 20 of 66
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 9 of 30
State (Virginia) 1 of 2
Country (United States) 16 of 52
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 First Communications

Akron, Ohio, United States

First Communications is a voice and data telecommunications services provider, offering traditional and Internet Protocol ("IP") based communication services and managed network services to both residential and commercial customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-27 Tiburon

San Ramon, California, United States

Tiburon is a provider of automated public safety and security solutions to meet the demanding and complex needs of law enforcement, fire and rescue and corrections agencies for state, local, Federal and international agencies. Tiburon offers fully integrated solutions including computer aided dispatch, records management, mobile data and communications, field reporting and corrections management solutions.

Buy -