M&A Deal Summary |
|
|---|---|
| Date | 2003-11-25 |
| Target | Magnet Communications |
| Sector | Information Technology |
| Buyer(s) | Intuit |
| Sellers(s) | CCP Equity Partners |
| Deal Type | Add-on Acquisition |
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Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 55 |
| Sector: Information Technology M&A | 3 of 8 |
| Type: Add-on Acquisition M&A Deals | 18 of 51 |
| State: Georgia M&A | 2 of 3 |
| Country: United States M&A | 21 of 49 |
| Year: 2003 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-09-02 |
Innovative Merchant Solutions
Woodland Hills, California, United States Innovative Merchant Solutions is a Calabasas, California-based provider of credit and debit card processing services for small businesses. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-11-15 |
American Fundware
Denver, Colorado, United States American Fundware, Inc., is a provider of accounting and business management solutions to the public sector, including nonprofit organizations, universities and individual government agencies. |
Sell | $11M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 500M USD |
| Size | Middle-Market |
| Type | Sector Focused |
CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 25 |
| Sector: Information Technology M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 5 of 17 |
| State: Georgia M&A | 2 of 3 |
| Country: United States M&A | 8 of 22 |
| Year: 2003 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-12-09 |
PayCycle
Palo Alto, California, United States PayCycle, Inc. provides Online payroll solutions provider to small businesses and accountants. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-12-04 |
GlobalView Software
Chicago, Illinois, United States GlobalView, an award-winning provider of analytics, risk management, and data management solutions for global energy and agricultural companies. The GlobalView flagship product, MarketView allows companies across the energy supply chain, risk marketers, and other commodities investors to monitor price movements and manage and assess risk through their trading operations. |
Buy | $6M |
