M&A Deal Summary

Mercury Interactive Acquires Kintana

On June 16, 2003, Mercury Interactive acquired software company Kintana from TA Associates for 225M USD

Acquisition Highlights
  • This is Mercury Interactive’s 1st transaction in the Software sector.
  • This is Mercury Interactive’s largest (disclosed) transaction.
  • This is Mercury Interactive’s 1st transaction in the United States.
  • This is Mercury Interactive’s 1st transaction in California.
Investment Fate
  • Kintana was sold to a publicly-traded strategic buyer in 2006.

M&A Deal Summary

Date 2003-06-16
Target Kintana
Sector Software
Buyer(s) Mercury Interactive
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Kintana

Sunnyvale, California, United States
Kintana provides software products and services that enable IT organizations to manage and automate changes for software applications.

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Buyer(S) 1

Buyer

Mercury Interactive

Mountain View, California, United States

Category Company
Founded 1989
Sector Information Technology
DESCRIPTION

The company provides business technology optimization (BTO) software and services in the United States and internationally.


DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (2003) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 Systinet

Cambridge, Massachusetts, United States

Systinet provides companies with the ability to create, publish, discover and use Web Services and functional software components accessible via the Internet. Systinet is located in Boston, USA with the development team in Prague, Czech Republic.

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 85 of 255
Sector (Software) 23 of 55
Type (Add-on Acquisition) 47 of 130
State (California) 18 of 30
Country (United States) 82 of 206
Year (2003) 2 of 4
Size (of disclosed) 44 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-24 Mythic Entertainment

Fairfax, Virginia, United States

Mythic Entertainment, Inc. is a developer of online gaming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-27 One Call

Jacksonville, Florida, United States

One Call is a provider of specialized services to the workers' compensation industry that lead to faster, more efficient, and more cost-effective claims resolution. From high-end diagnostics and physical therapy services to post-discharge and in-home and complex care management, to transportation and language services, to superior dental programs and other medical specialties, One Call provides reliable, consistent connections to care that enable maximum medical improvement and superior outcomes. One Call was formed in 2012 and is based in Jacksonville, Florida.

Buy $115M