M&A Deal Summary

Lotus Development Acquires cc:Mail

On March 1, 1991, Lotus Development acquired software company cc:Mail from TA Associates

Acquisition Highlights
  • This is Lotus Development’s 3rd transaction in the Software sector.
  • This is Lotus Development’s 3rd transaction in the United States.
  • This is Lotus Development’s 1st transaction in California.

M&A Deal Summary

Date 1991-03-01
Target cc:Mail
Sector Software
Buyer(s) Lotus Development
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

cc:Mail

Mountain View, California, United States
cc:Mail is a provider of electronic mail software for use on local area networks.

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Buyer(S) 1

Buyer

Lotus Development

Cambridge, Massachusetts, United States

Category Company
Founded 1982
Sector Software
DESCRIPTION

Lotus Development Corp. is a software company focused on business applications.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 1991 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-11-01 Samna

Atlanta, Georgia, United States

Samna was a software company that produced Samna Word, a DOS based word-processing system.

Buy $65M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 12 of 260
Sector: Software M&A 3 of 58
Type: Add-on Acquisition M&A Deals 6 of 133
State: California M&A 4 of 30
Country: United States M&A 11 of 207
Year: 1991 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-01-01 Artisoft

Santa Clara, California, United States

Artisoft, Inc. is a provider of telephony systems and applications to business customers worldwide. With a focus on delivering application-rich, affordable VoIP systems to small and medium businesses, Vertical is an innovator in delivering high-value voice applications that enable businesses to be more productive and dramatically reduce costs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1991-07-17 Digital Research

Monterey, California, United States

Digital Research is a producer of software that controls the basic operations of desktop computers.

Sell -