M&A Deal Summary

Mobile Messenger Acquires m-Qube

On November 9, 2009, Mobile Messenger acquired communications company m-Qube from HarbourVest Partners for 19M USD

Acquisition Highlights
  • This is Mobile Messenger’s 1st transaction in the Communications sector.
  • This is Mobile Messenger’s largest (disclosed) transaction.
  • This is Mobile Messenger’s 1st transaction in the United States.
  • This is Mobile Messenger’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2009-11-09
Target m-Qube
Sector Communications
Buyer(s) Mobile Messenger
Sellers(s) HarbourVest Partners
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

m-Qube

Watertown, Massachusetts, United States
m-Qube, Inc. helps companies develop, deliver, and bill for mobile content, messaging, and applications.

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Buyer(S) 1

Buyer

Mobile Messenger

Culver City, California, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees160
DESCRIPTION

Mobile Messenger provides turnkey technology and services solutions to small and mid-sized direct marketers and mobile content providers that enable the marketing and distribution of digital content to mobile communication consumers.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B 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 16 of 130
Sector (Communications) 3 of 11
Type (Add-on Acquisition) 5 of 57
State (Massachusetts) 2 of 6
Country (United States) 9 of 83
Year (2009) 5 of 5
Size (of disclosed) 39 of 39
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-16 Spectrum

Selmer, Tennessee, United States

Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment.

Buy -