M&A Deal Summary

Lone Rock Technology Group and Banneker Partners Acquire iGrafx

On September 2, 2011, private equity firms Lone Rock Technology Group and Banneker Partners acquired software company iGrafx from Alludo

Acquisition Highlights
  • This is Lone Rock Technology Group’s 1st and Banneker Partners’ 1st transaction in the Software sector.
  • This is Lone Rock Technology Group’s 1st and Banneker Partners’ 1st transaction in the United States.
  • This is Lone Rock Technology Group’s 1st and Banneker Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2011-09-02
Target iGrafx
Sector Software
Buyer(s) Lone Rock Technology Group
Banneker Partners
Sellers(s) Alludo
Deal Type Divestiture

Target

iGrafx

Tualatin, Oregon, United States
iGrafx provides comprehensive Business Process Analysis solution that helps organizations model, improve, and manage processes and technologies that support, simplify, and automate their operations. iGrafx was founded in 1991 and is based in Tualatin, Oregon.

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Buyer(S) 2

Buyer

Lone Rock Technology Group

Austin, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Lone Rock Technology Group is a private equity firm focused on the enterprise software sector. The Firm targets established companies with $5 to $100 million in revenue exhibiting flat growth, diversified customers, and with an established market presence. Lone Rock Technology Group was formed in 2011 and is headquartered in Austin, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-19 Packet Design

Santa Clara, California, United States

Packet Design is a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics.

Buy -
Buyer

Banneker Partners

San Francisco, California, United States

Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Banneker Partners is a West Coast based private equity firm focused on investing in software/SaaS, internet, and business services companies. Banneker looks to partner with management when making acquisitions. Firm principals have experience investing in high growth as well as mature/legacy businesses. Banneker Partners was formed in 2010 and is based in San Francisco.

DEAL STATS #
Overall 1 of 19
Sector (Software) 1 of 12
Type (Divestiture) 1 of 4
State (Oregon) 1 of 2
Country (United States) 1 of 16
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Genesys

Menlo Park, California, United States

Genesys is a provider of customer engagement software to large enterprises around the globe. The Company empowers its customers to create omni-channel customer experiences, journeys, and relationships. Genesys was founded in 1990 and is based in Menlo Park, California.

Buy €1.2B

Seller(S) 1

SELLER

Alludo

Ottawa, Ontario, Canada
Category Company
Founded 1985
Sector Software
DESCRIPTION

Alludo is an SMB and prosumer-focused software company with a portfolio of graphics, productivity, sales enablement, and desktop-as-a-service software solutions that enable the knowledge worker. Alludo was founded in 1985 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Divestiture) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Bibble Labs

Austin, Texas, United States

Bibble Labs, Inc. provides image processing and RAW file conversion applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Roxio

Santa Clara, California, United States

Roxio is a software company. Roxio specializes in developing consumer digital media products.

Buy -
Mergr

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