Buyout (LBO, MBO, MBI) • Technology Hardware

Needham Capital Partners Acquires Corporate Software & Technology

On November 30, 1998, private equity firm Needham Capital Partners acquired technology hardware company Corporate Software & Technology

Acquisition Context
  • This is Needham Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is Needham Capital Partners’ 13th transaction in the United States.
  • This is Needham Capital Partners’ 3rd transaction in Massachusetts.
Investment Fate
  • Corporate Software & Technology was sold to a publicly-traded strategic buyer in 2002.

Explore All 277 Buyout (LBO, MBO, MBI) Technology Hardware Deals - Search the Database Free


M&A Deal Summary

Date November 30, 1998
Target Corporate Software & Technology
Sector Technology Hardware
Buyer(s) Needham Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Corporate Software & Technology

Norwood, Massachusetts, United States
Corporate Software & Technology, Inc. distributes integrated personal computer business software and technology services to major corporations.
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Buyer Overview 1

Buyer

Needham Capital Partners

New York, New York, United States

Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.


Deal Context for Buyer #
Overall 13 of 53
Sector: Technology Hardware 2 of 5
Type: Buyout (LBO, MBO, MBI) 9 of 21
State: Massachusetts 3 of 5
Country: United States 13 of 53
Year: 1998 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-30 College Enterprises

Woodland Hills, California, United States

College Enterprises, Inc. operates copyright clearance, image processing and communications services on college campuses nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-01 Fatbrain.com

Santa Clara, California, United States

Fatbrain.com, Inc. supplies online computer manuals, training texts and books to technical professionals.

Sell -