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M&A Deal Summary

MGI Software Acquires Live Picture

On May 20, 1999, MGI Software acquired information technology company Live Picture from Perseus

Acquisition Highlights
  • This is MGI Software’s 1st transaction in the Information Technology sector.
  • This is MGI Software’s 1st transaction in the United States.
  • This is MGI Software’s 1st transaction in California.

M&A Deal Summary
Date 1999-05-20
Target Live Picture
Sector Information Technology
Buyer(s) MGI Software
Sellers(s) Perseus
Deal Type Add-on Acquisition

Target

Live Picture

Campbell, California, United States
Live Picture, Inc. is a developer and marketer of digital photo-real imaging servers and tools for the enterprise and consumer markets.

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Buyer(S) 1

Buyer

MGI Software

Richmond Hill, Ontario, Canada
Category Company
Founded 1995
Sector Software
DESCRIPTION

MGI Software Corp. is a provider of digital media editing technology, digital imaging, and video editing software.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Perseus

Washington, District of Columbia, United States
Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.

DEAL STATS #
Overall 3 of 31
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 22
State: California M&A 2 of 6
Country: United States M&A 3 of 26
Year: 1999 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-13 ILEX Oncology

San Antonio, Texas, United States

ILEX Oncology, Inc. is a drug development company focused exclusively on the accelerated development of drugs for the treatment and prevention of cancer. ILEX Oncology was founded in 1992 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 Sygma S.A.

United States

Sygma S.A. is a photo press agency with an archive of over 30 million photographs and relationships with approximately 6,000 photographers, provided celebrity and news-related photo stories to magazines and other media organizations.

Sell -
Mergr

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