M&A Deal Summary

LogMeIn Acquires Jive Communications

On February 8, 2018, LogMeIn acquired internet software and services company Jive Communications from Guidepost Growth Equity for 357M USD

Acquisition Highlights
  • This is LogMeIn’s 4th transaction in the Internet Software and Services sector.
  • This is LogMeIn’s 2nd largest (disclosed) transaction.
  • This is LogMeIn’s 8th transaction in the United States.
  • This is LogMeIn’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-02-08
Target Jive Communications
Sector Internet Software and Services
Buyer(s) LogMeIn
Sellers(s) Guidepost Growth Equity
Deal Type Add-on Acquisition
Deal Value 357M USD

Target

Jive Communications

Orem, Utah, United States
Jive Communications, Inc. provides cloud-based phone systems and Unified Communications services. Jive's customers include high-growth businesses and public sector institutions needing a scalable platform that is more flexible and cost-effective than their existing legacy systems. Jive's cloud architecture offers an integrated, seamless experience that provides richer context and creates more efficient connections between co-workers and clients. Jive's cloud delivery model ensures that each organization always has the latest technology, features, and applications--making Jive the last phone system you'll ever need.

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Buyer(S) 1

Buyer

LogMeIn

Boston, Massachusetts, United States
Category Company
Founded 2003
Sector Internet Software and Services
Employees3,763
Revenue 1.2B USD (2018)
DESCRIPTION

LogMeIn, Inc. is a developer and marketer of innovative remote control, productivity, management and security products that serve mobile professionals and system administrators. Its brands include LogMeIn, an on-demand access service, and the RemotelyAnywhere line of software. LogMeIn was established in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 10
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 9 of 9
State (Utah) 1 of 1
Country (United States) 8 of 8
Year (2018) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Nanorep

Boston, Massachusetts, United States

Nanorep is a digital self-service, chatbot and virtual assistant company. Nanorep harnesses artificial intelligence and patented natural language processing technologies to create solutions that make self-service more engaging and intuitive. Nanorep was established in 2009 and is based in Boston, Massachusetts.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Bold360

Boston, Massachusetts, United States

Bold360 is an engagement solution delivering the richest customer profiles and fastest time-to-value. By leveraging the power of A.I., Bold360 helps personalize and enhance every engagement no matter where it takes place allowing companies to deliver better and more consistent customer experiences seamlessly across both A.I. and agent-based interactions. Bold360 delivers groundbreaking intelligence with out-of-the-box simplicity and helps agents do what they do best be human. Bold360 is based in Boston, Massachusetts.

Sell -

Seller(S) 1

SELLER

Guidepost Growth Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2007
Size Large
Type Sector Focused
DESCRIPTION

North Bridge is an investment firm focused on providing seed, venture, and growth capital to technology enabled companies. Specific areas of interest include communications and infrastructure, software, materials, and digital media. For later stage growth transactions, North Bridge generally looks to acquire majority (or minority) positions to help fund liquidity needs, growth initiatives, or acquisitions. North Bridge was formed in 1994 and has offices in Waltham, Massachusetts and Palo Alto, California.

DEAL STATS #
Overall 11 of 20
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 6 of 12
State (Utah) 1 of 1
Country (United States) 11 of 19
Year (2018) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 Erecruit Holdings

Boston, Massachusetts, United States

Erecruit Holdings LLC is a provider of enterprise software and VMS designed for staffing firms. Erecruit uses technologies to provide solution that allows firms to put their clients, candidates and vendors into the businesses. Established in 1973 it has consistently maximised investment in the development of its technology to stay at the forefront of the staffing industry. Erecruit Holdings LLC was founded in 1973 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Aeropost

Miami, Florida, United States

Aeropost is an end-to-end eCommerce and logistics company with more than 100 Aeropost stores providing local customer service to our customers. The Aeropost.com marketplace opens the world of online shopping in the U.S. to millions of buyers across Latin America and the Caribbean. Shoppers can combine products from multiple retailers in a single cart and pay the full landed cost of their purchases at checkout using local currency and their preferred local payment methods. Aeropost was founded in 1986 and is based in Miami, Florida.

Sell -
Mergr

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