M&A Deal Summary

Lotus Development Acquires Samna

On November 1, 1990, Lotus Development acquired software company Samna from TA Associates for 65M USD

Acquisition Highlights
  • This is Lotus Development’s 2nd transaction in the Software sector.
  • This is Lotus Development’s largest (disclosed) transaction.
  • This is Lotus Development’s 2nd transaction in the United States.
  • This is Lotus Development’s 1st transaction in Georgia.

M&A Deal Summary
Date 1990-11-01
Target Samna
Sector Software
Buyer(s) Lotus Development
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 65M USD

Target

Samna

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

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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 2 of 3
Sector (Software) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (1990) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1985-04-09 Software Arts

Cambridge, Massachusetts, United States

Software Arts is the producer of the Visicalc spreadsheet program.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1991-03-01 cc:Mail

Mountain View, California, United States

cc:Mail is a provider of electronic mail software for use on local area networks.

Buy -

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 10 of 255
Sector (Software) 2 of 55
Type (Add-on Acquisition) 5 of 130
State (Georgia) 1 of 6
Country (United States) 9 of 206
Year (1990) 1 of 1
Size (of disclosed) 61 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Micro Focus Group

Redwood City, California, United States

Micro Focus designs, develops and markets compilers and programmer productivity tools used for business applications development on computer equipment. In 1998, Micro Focus acquired INTERSOLV, Inc., a leading provider of applications enablement technology and services. In 1999, the combined company was renamed MERANT Plc (NASDAQ: MRNT).

Buy -
FOLLOWING 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 -
Mergr

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