M&A Deal Summary

iFoodDecisionSciences Acquires HarvestMark

On May 6, 2020, iFoodDecisionSciences acquired information technology company HarvestMark from Trimble

Acquisition Highlights
  • This is iFoodDecisionSciences’ 1st transaction in the Information Technology sector.
  • This is iFoodDecisionSciences’ 1st transaction in the United States.
  • This is iFoodDecisionSciences’ 1st transaction in California.

M&A Deal Summary

Date 2020-05-06
Target HarvestMark
Sector Information Technology
Buyer(s) iFoodDecisionSciences
Sellers(s) Trimble
Deal Type Divestiture

Target

HarvestMark

Sunnyvale, California, United States
HarvestMark is a provider of transparency and connection from the first to the last mile of the supply chain, enabling food producers and retailers to meet food safety requirements, build shopper loyalty, and optimize freshness and quality. HarvestMark was formed in 2005 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

iFoodDecisionSciences

Seattle, Washington, United States

Category Company
Founded 2013
Sector Software
DESCRIPTION

iFoodDecisionSciences, Inc. is a software and database solutions provider, partners with agricultural companies to develop and manage secure portal sites and provides custom software applications for streamlining and managing business and food safety. The company assists specialty crop commodity groups in putting data to work by compiling, managing, and analyzing individual company data in a confidential manner. iFood was formed in 2013 and is based in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Trimble

Westminster, Colorado, United States

Category Company
Founded 1978
Sector Information Technology
Employees12,700
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.

Trimble is a provider of location-based solutions. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide an array of commercial solutions. Trimble's technology serves a variety of industries including agriculture, engineering and construction, transportation and wireless communications infrastructure. Trimble was founded in 1978 and is based in Westminster, Colorado.


DEAL STATS #
Overall 7 of 19
Sector: Information Technology M&A 2 of 4
Type: Divestiture M&A Deals 7 of 19
State: California M&A 4 of 10
Country: United States M&A 6 of 18
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Mining Information Systems

Willetton, Australia

Mining Information Systems (MIS), specializes in the development, implementation and management of information and reporting systems for the resources sector. MIS designs and implements software systems globally, using IT technologies and achieving significant results in a timely and cost-effective way.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 Trimble - REF TEK Business

Sunnyvale, California, United States

Trimble - REF TEK Business provides seismic recorders, seismometers, accelerometers, and software for seismic and earthquake engineering systems to government, scientific research and structural monitoring organizations. The systems are used for scientific study, earthquake hazard mitigation, seismic warning assessment, earthquake structural response as well as oil and gas operations monitoring.

Sell -