M&A Deal Summary

Motorola Acquires 4thpass

On September 16, 2002, Motorola acquired software company 4thpass from Investcorp

Acquisition Highlights
  • This is Motorola’s 2nd transaction in the Software sector.
  • This is Motorola’s 2nd transaction in the United States.
  • This is Motorola’s 1st transaction in Washington.

M&A Deal Summary

Date 2002-09-16
Target 4thpass
Sector Software
Buyer(s) Motorola
Sellers(s) Investcorp
Deal Type Add-on Acquisition

Target

4thpass

Seattle, Washington, United States
4thpass offers a complete Java-based Mobile Application System (MAS) to provide the infrastructure that enables wireless carriers to provision new J2ME applications to their subscribers via wireless devices. MAS is a full featured, end-to-end provisioning solution, which offers the ability to create specific security models around the provisioning process and supports multiple billing models to maximize revenue from data applications.

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Buyer(S) 1

Buyer

Motorola

Schaumburg, Illinois, United States

Category Company
Founded 1928
Sector Technology Hardware
Employees60,000
DESCRIPTION

Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services.


DEAL STATS #
Overall 2 of 13
Sector: Software M&A 2 of 4
Type: Add-on Acquisition M&A Deals 2 of 13
State: Washington M&A 1 of 1
Country: United States M&A 2 of 9
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-04 Vanguard Networks Solutions

Foxboro, Massachusetts, United States

Vanguard Networks Solutions provides broadband network access routers for businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-30 Quantum Bridge Communications

Andover, Massachusetts, United States

Quantum Bridge Communications is focused on delivering next-generation optical access networking equipment designed to eliminate the bandwidth bottlenecks that exist in the public network's first mile.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 15 of 111
Sector: Software M&A 3 of 13
Type: Add-on Acquisition M&A Deals 5 of 49
State: Washington M&A 1 of 2
Country: United States M&A 13 of 63
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Acta Technology

Mountain View, California, United States

Acta's software solutions allow corporations to extract data smoothly from various in-house systems and make it available to other enterprise systems (such as ERP or MIS systems) or to front-end applications (such as e-Commerce or CRM systems). Acta is the first company that has pioneered a real-time data transfer solution without disrupting the performance quality of the underlying systems.

Sell $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-24 Aero Products International

Schaumburg, Illinois, United States

Aero Products International, Inc. is a privately-held, branded consumer products company offering full line of inflatable mattresses and air-filled pools, furniture and other leisure products. Aero's products are sold through a diverse network, including retail, catalog, QVC, website and television.

Buy -