M&A Deal Summary

Micros Systems Acquires Datavantage

On May 5, 2003, Micros Systems acquired information technology company Datavantage from Saratoga Partners for 52M USD

Acquisition Highlights
  • This is Micros Systems’ 1st transaction in the Information Technology sector.
  • This is Micros Systems’ 3rd largest (disclosed) transaction.
  • This is Micros Systems’ 1st transaction in the United States.
  • This is Micros Systems’ 1st transaction in Ohio.

M&A Deal Summary
Date 2003-05-05
Target Datavantage
Sector Information Technology
Buyer(s) Micros Systems
Sellers(s) Saratoga Partners
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

Datavantage

Cleveland, Ohio, United States
Datavantage Corp., is a provider of information technology solutions for the specialty and general merchandise retail industry. Datavantage systems are installed in over 18,000 stores in 10 countries. Datavantage analytic solutions process data at a corporate level for an additional 46,000 stores.

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Buyer(S) 1

Buyer

Micros Systems

Columbia, Maryland, United States
Category Company
Founded 1977
Sector Technology Hardware
Employees6,506
Revenue 1.4B USD (2014)
DESCRIPTION

MICROS Systems, Inc. is a manufacturer and sells computer hardware, software, and services for the restaurant point of sale, hotel, hospitality, specialty retail markets and other similar markets.

DEAL STATS #
Overall 2 of 8
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 2 of 8
State (Ohio) 1 of 1
Country (United States) 1 of 6
Year (2003) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-25 Indatec KG

Bernau, Germany

Indatec GmbH & Co. KG, a developers of point-of-sale solutions for the independent restaurant industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-07 JTECH Communications

Boca Raton, Florida, United States

JTech Communications makes wireless paging devices used by restaurants to alert patrons when their table is ready.

Buy -

Seller(S) 1

SELLER

Saratoga Partners

New York, New York, United States

Investor

Category Merchant Bank
Founded 1998
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saratoga Partners is an independent private equity firm focused on investments in partnership with management in the manufacturing, business services and media and telecommunications industries. Saratoga pursues businesses valued from $50 to $400 million and generally acts as the lead investor. Target companies typically have leading market positions and operate in defensible niches with provide proprietary products. Prospective transaction situations include corporate buyouts, consolidations, and divestitures. Saratoga Partners dates back to 1984 and became independent in 1998. The Firm is based in New York City.

DEAL STATS #
Overall 7 of 16
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 4
State (Ohio) 2 of 2
Country (United States) 7 of 16
Year (2003) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-07 Sericol

Kansas City, Kansas, United States

Sericol, Inc. is a global ink manufacturer and supplier focused on screen inks and related products.

Buy £75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-15 Data Return

Irving, Texas, United States

Data Return provides outsourcing services to integrate, host, manage and support all of the network, hardware and software infrastructure required to operate external-facing website applications for corporations. Data Return was founded in 1997 and is based in Irving.

Buy -
Mergr

Product

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