M&A Deal Summary

Live Cargo Acquires CMWare

On January 29, 2009, Live Cargo acquired communications company CMWare from Updata Partners

Acquisition Highlights
  • This is Live Cargo’s 1st transaction in the Communications sector.
  • This is Live Cargo’s 1st transaction in the United States.
  • This is Live Cargo’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2009-01-29
Target CMWare
Sector Communications
Buyer(s) Live Cargo
Sellers(s) Updata Partners
Deal Type Add-on Acquisition
Advisor(s) Progress Partners (Financial)

Target

CMWare

Plainsboro, New Jersey, United States
CMWare, Inc. develops world class technology and services that provide individuals with remote access to content, media and applications residing on their PCs for entertainment and business purposes. CMWare's PC place-shifting solutions create value-added data services revenue streams and enhance subscriber loyalty for mobile carriers.

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Buyer(S) 1

Buyer

Live Cargo

Greensboro, North Carolina, United States

Category Company
Sector Media
DESCRIPTION

Live Cargo, Inc. a leading provider of mobile streaming, IPTV, web-based social networking and an infrastructure and data center for storage of user generated content


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $100 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


DEAL STATS #
Overall 10 of 45
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 6 of 32
State (New Jersey) 2 of 3
Country (United States) 10 of 41
Year (2009) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-12 M86 Security

Orange, California, United States

M86 Security is a provider of Secure Internet Gateway products. Its customers include schools & universities, healthcare providers, governments, and small businesses. With the company’s Internet and email filtering solutions, customers can proactively enforce Internet usage policies, comply with corporate governance requirements and improve network performance while protecting employees from inbound malware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-30 RES Software BV

s-Hertogenbosch, Netherlands

RES Software BV is a provider of User Workspace Management software enabling business, government and education customers to efficiently compose, deliver and manage personalized and secure user desktop workspaces for their customers. RES Software's Workspace Management products bridge the gap between traditional desktop management, thin clients and virtual desktops.

Buy -