M&A Deal Summary

Norwest Equity Partners Acquires Amcom Software

On December 31, 2009, private equity firm Norwest Equity Partners acquired software company Amcom Software from 2ndWave Software

Acquisition Highlights
  • This is Norwest Equity Partners’ 3rd transaction in the Software sector.
  • This is Norwest Equity Partners’ 28th transaction in the United States.
  • This is Norwest Equity Partners’ 7th transaction in Minnesota.
Investment Fate
  • Amcom Software was sold to a publicly-traded strategic buyer in 2011 for 163M USD.

M&A Deal Summary

Date 2009-12-31
Target Amcom Software
Sector Software
Buyer(s) Norwest Equity Partners
Sellers(s) 2ndWave Software
Deal Type Divestiture

Target

Amcom Software

Eden Prairie, Minnesota, United States
Amcom Software, Inc. is a provider of software solutions, which enable seamless, critical communications.

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Buyer(S) 1

Buyer

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 28 of 75
Sector: Software M&A 3 of 3
Type: Divestiture M&A Deals 2 of 3
State: Minnesota M&A 7 of 15
Country: United States M&A 28 of 72
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-16 Rosetta Stone

Arlington, Virginia, United States

Rosetta Stone is a provider of online language learning software. Rosetta Stone was founded in 1992 and is headquartered in Arlington, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Gopher Resource

Eagan, Minnesota, United States

Gopher Resource is a technologically-advanced secondary lead processor that recycles lead-acid batteries and other lead bearing materials, with a majority of the refined lead being used in automotive and industrial batteries. Additionally, the company recycles polypropylene from battery casings through its subsidiary, Resource Plastics. Gopher Resource was founded in 1946 and is headquartered in Eagan, Minnesota with an additional facility in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

2ndWave Software

Edina, Minnesota, United States

Category Company
Founded 2007
Sector Software
DESCRIPTION

2ndWave Software provides software services. 2ndWave Software was founded in 2007 and is based in Edina, Minnesota.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-07 Amcom Software

Eden Prairie, Minnesota, United States

Amcom Software, Inc. is a provider of software solutions, which enable seamless, critical communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 HealthTrio

Tucson, Arizona, United States

HealthTrio is a Software-as-a-Service provider for the healthcare market, is dedicated to web-based solutions that improve experiences in value-based care, data integration, care coordination, and member and provider engagement. HealthTrio was founded in 1999 and is based in Tucson, Arizona.

Buy -