M&A Deal Summary

OpenLink Financial Acquires SolArc

On December 6, 2011, OpenLink Financial acquired software company SolArc from TCV

Acquisition Highlights
  • This is OpenLink Financial’s 1st transaction in the Software sector.
  • This is OpenLink Financial’s 1st transaction in the United States.
  • This is OpenLink Financial’s 1st transaction in Texas.

M&A Deal Summary

Date 2011-12-06
Target SolArc
Sector Software
Buyer(s) OpenLink Financial
Sellers(s) TCV
Deal Type Add-on Acquisition
Advisor(s) ArchPoint Partners (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

SolArc

Houston, Texas, United States
SolArc, Inc. is a provider of software solutions for the trading, risk management, asset utilization and supply chain management needs of energy market participants across multiple commodities.

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Buyer(S) 1

Buyer

OpenLink Financial

Uniondale, New York, United States

Category Company
Founded 1992
Sector Software
Employees626
DESCRIPTION

OpenLink Financial is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-23 dbc SMARTsoftware

Kitchener, Ontario, Canada

dbc SMARTsoftware, Inc. ("dbc"), is a provider of solutions for the global agriculture and soft commodity markets. The dbcSMARTsoft solution includes: Commodity Management with Contracts, Tickets, Advances, Final Settlement, Accruals, Order Logistics, Debit/Credit Memos, Storage, Position Risk Management, Bin Management and Futures & Options.

Buy -

Seller(S) 1

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 50 of 84
Sector: Software M&A 16 of 23
Type: Add-on Acquisition M&A Deals 28 of 43
State: Texas M&A 5 of 9
Country: United States M&A 46 of 73
Year: 2011 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-05 SiteCore

San Francisco, California, United States

SiteCore is a provider of Web Content Management and Online Engagement. The Company has continuously innovated its product offering and has expanded from pure web content management software to customer experience management software. Sitecore is providing a compelling product offering at the core of the broader digital marketing software market which is expected to experience continued attractive growth. SiteCore was founded in 1999 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 GoDaddy

Tempe, Arizona, United States

GoDaddy is a provider software and tools for consumers and businesses. GoDaddy's software solutions include a variety of domain name registration plans, website design and hosting packages, and cloud-based solutions. Specific products include SSL Certificates, Domains by Proxy private registration, ecommerce website hosting, blog software, search engine optimization utilities, email marketing tools, website design services, website security software and online storage solutions. GoDaddy was formed in 1997 and is based in Tempe, Arizona.

Buy $2.3B