M&A Deal Summary

Intermedia Acquires Telanetix

On August 30, 2013, Intermedia acquired communications company Telanetix from Hale Capital Partners

Acquisition Highlights
  • This is Intermedia’s 1st transaction in the Communications sector.
  • This is Intermedia’s 2nd transaction in the United States.
  • This is Intermedia’s 1st transaction in Washington.

M&A Deal Summary
Date 2013-08-30
Target Telanetix
Sector Communications
Buyer(s) Intermedia
Sellers(s) Hale Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Holland & Knight (Legal)

Target

Telanetix

Bellevue, Washington, United States
Telanetix Inc., is a communications service provider offering next generation voice services to the business market through voice over IP (VoIP). The company's voice offerings give business customers a flexible calling solution, a simple installation experience, and advanced PBX functionality at a low price.

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Buyer(S) 1

Buyer

Intermedia

New York, New York, United States
Category Company
Founded 1995
Sector Internet Software and Services
DESCRIPTION

Intermedia is a Unified Communications as a Service (UCaaS) and business cloud email provider that delivers highly-reliable and secure communications & collaboration solutions to more than 125,000 businesses and 6,600 active partners.

DEAL STATS #
Overall 2 of 5
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Washington) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Zlago

Washington, District of Columbia, United States

Zlago is a provider of cloud services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 SaaSID

Basingstoke, United Kingdom

SaaSID Ltd. is a provider of organizations with a single point of control over employees’ access to cloud services and applications, minimizing the risk of unauthorized access to sensitive data. SaaSID Ltd. was founded in 2011 and is based in Basingstoke, United Kingdom.

Buy -

Seller(S) 1

SELLER

Hale Capital Partners

New York, New York, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Hale Capital Partners is a small, private investment firm focused on minority or control investments in publicly-held companies or their subsidiaries. The Firm looks to partner with management when pursuing opportunities and generally targets 'under-appreciated' companies where there's an ability to grow with existing products/services or through acquisitions. Hale Capital Partners was found in 2007 and is based in New York City.

DEAL STATS #
Overall 4 of 8
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Washington) 1 of 1
Country (United States) 3 of 6
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Paradigm Holdings

Rockville, Maryland, United States

Paradigm Holdings provides comprehensive information technology and cybersecurity solutions for federal government enterprises.

Sell $62M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-26 Falconstor

Austin, Texas, United States

Falconstor is a provider of innovative software data management solutions that free companies from the demands of data. The company enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. FalconStor was founded in 1994 and is based in Austin, Texas.

Buy -
Mergr

Product

Company

Legal