M&A Deal Summary

M86 Security Acquires Finjan

On November 3, 2009, M86 Security acquired information technology company Finjan from HarbourVest Partners and First Analysis

Acquisition Highlights
  • This is M86 Security’s 1st transaction in the Information Technology sector.
  • This is M86 Security’s 3rd transaction in the United States.
  • This is M86 Security’s 1st transaction in California.
Investment Fate
  • Finjan was sold to a financial buyer in 2020 for 44M USD.

M&A Deal Summary

Date 2009-11-03
Target Finjan
Sector Information Technology
Buyer(s) M86 Security
Sellers(s) HarbourVest Partners
First Analysis
Deal Type Add-on Acquisition

Target

Finjan

East Palo Alto, California, United States
Finjan is a global provider of proactive web security solutions for businesses and organizations. Its comprehensive web security appliances deliver an effective shield against web-borne threats, freeing enterprises to harness the web for maximum commercial results. Finjan's solutions use patented behavior-based technology to repel all types of threats arriving via the web, such as spyware, phishing/pharming, trojans, and other malicious code. Finjan's award-winning solutions help businesses focus on implementing web strategies to realize their full organizational and commercial potential. Finjan was formed in 1997 and is based in East Palo Alto, California.

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Buyer(S) 1

Buyer

M86 Security

Orange, California, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-15 Avinti

Lindon, United States

Avinti, Inc. is a behavior-based malware technology company.

Buy -

Seller(S) 2

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 14 of 150
Sector: Information Technology M&A 3 of 19
Type: Add-on Acquisition M&A Deals 4 of 62
State: California M&A 1 of 11
Country: United States M&A 7 of 91
Year: 2009 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-07 United Parks & Resorts

Orlando, Florida, United States

United Parks & Resorts is a theme park and entertainment company focused on delivering personal, interactive and educational experiences that blend imagination with nature and enable customers to celebrate, connect with and care for the natural world. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for guests. United Parks & Resorts was formed in 1959 and is based in Orlando, Florida.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 Datatel

Fairfax, Virginia, United States

Datatel has focused exclusively on helping colleges and universities manage their business processes. Datatel today provides fully integrated enterprise information management software solutions to more than 600 colleges, universities and other higher education institutions serving almost 4 million students

Sell $570M
SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 37 of 73
Sector: Information Technology M&A 8 of 14
Type: Add-on Acquisition M&A Deals 27 of 53
State: California M&A 9 of 12
Country: United States M&A 37 of 72
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-08 Neptun Light

Lake Forest, Illinois, United States

Neptun Light Inc. uses its proprietary technology to manufacture energy-efficient lighting products such as lamps, fixtures, and automated lighting systems. Most important is its leadership in dimmable compact fluorescent lights (CFLs) for household use. Compared to most CFLs on the market, which are not dimmable, Neptun?s product offers not only lumen adjustment but also a better range of dimmability compared to other dimmable CFLs, even greater energy savings, durability (lasting up to 10 times longer than incandescent bulbs and performing better in enclosed spaces than other CFLs), small size (the most compact on the market), rapid start, and superior lumen maintenance. Other cutting-edge products from Neptun are the long-lasting induction lights for municipal, industrial, and commercial use (with a 100,000-hour rated life, ten times longer than lights made with mercury vapor or metal halide and about five times longer than high-pressure sodium lights).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-03 Initiate Systems

Chicago, Illinois, United States

Initiate Systems is a provider of master data management (MDM) software, which enables organizations to strategically leverage and share critical data assets by delivering a comprehensive, secure single view of citizens to government.

Sell -