M&A Deal Summary

Interact Commerce Acquires Act!

On December 6, 1999, Interact Commerce acquired software company Act! from Gen Digital for 80M USD

Acquisition Highlights
  • This is Interact Commerce’s 1st transaction in the Software sector.
  • This is Interact Commerce’s largest (disclosed) transaction.
  • This is Interact Commerce’s 1st transaction in the United States.
  • This is Interact Commerce’s 1st transaction in Arizona.

M&A Deal Summary
Date 1999-12-06
Target Act!
Sector Software
Buyer(s) Interact Commerce
Sellers(s) Gen Digital
Deal Type Divestiture
Deal Value 80M USD

Target

Act!

Scottsdale, Arizona, United States
Act! is a producer of customer relationship management software.

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Buyer(S) 1

Buyer

Interact Commerce

Scottsdale, Arizona, United States
Category Company
Founded 1995
Sector Software
DESCRIPTION

Interact Commerce Corporation is a software developer and produces SalesLogix and Act, two client-management programs. The Company was formed in 1995 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Gen Digital

Tempe, Arizona, United States
Category Company
Founded 1982
Sector Information Technology
Employees2,700
Revenue 3.8B USD (2024)
DESCRIPTION

Gen Digital is a cyber safety company that is dedicated to helping secure the devices, identities, online privacy, and home and family needs of approximately 50 million consumers, providing them with a trusted ally in a complex digital world. Gen Digital was founded in 1982 and is based in Tempe, Arizona.

DEAL STATS #
Overall 1 of 5
Sector (Software) 1 of 2
Type (Divestiture) 1 of 4
State (Arizona) 1 of 1
Country (United States) 1 of 5
Year (1999) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-26 URLabs

Vermont, United States

URLabs, based in Hampton, Va., a technology company in the development of Internet access control and email scanning solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-09 L-3 Commun Network Security

United States

L-3 Commun Network Security provides internet security solutions.

Buy $20M
Mergr

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