M&A Deal Summary

Lead Edge Capital Acquires ExaGrid

On January 1, 2022, growth capital firm Lead Edge Capital acquired technology hardware company ExaGrid

Acquisition Highlights
  • This is Lead Edge Capital’s 1st transaction in the Technology Hardware sector.
  • This is Lead Edge Capital’s 36th transaction in the United States.
  • This is Lead Edge Capital’s 5th transaction in Massachusetts.

M&A Deal Summary

Date 2022-01-01
Target ExaGrid
Sector Technology Hardware
Buyer(s) Lead Edge Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ExaGrid

Marlborough, Massachusetts, United States
ExaGrid provides tiered backup storage with a unique disk-cache landing zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The retention repository offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks. ExaGrid was founded in 2002 and is based in Marlborough, Massachusetts.

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Buyer(S) 1

Buyer

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 43 of 54
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 7
State: Massachusetts M&A 5 of 5
Country: United States M&A 36 of 44
Year: 2022 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Gupshup

San Francisco, California, United States

Gupshup is a provider of conversational messaging platforms that enables better customer engagement through conversational messaging. Gupshup is the leading conversational messaging platform, powering over 6 billion messages per month. Across verticals, thousands of large and small businesses in emerging markets use Gupshup to build conversational experiences across marketing, sales, and support. Gupshup's carrier-grade platform provides a single messaging API for 30+ channels, a rich conversational experience-building tool kit for any use case, and a network of emerging market partnerships across messaging channels, device manufacturers, ISVs, and operators. Gupshup is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-23 Nucleus Security

Sarasota, Florida, United States

Nucleus Security is a platform that automates vulnerability analysis, prioritization, and response, to help an organization make better risk decisions and mitigate vulnerabilities much faster than they can today. Nucleus Security was founded in 2018 and is based in Sarasota, Florida.

Buy -