M&A Deal Summary

OpenText Acquires Hummingbird

On October 2, 2006, OpenText acquired software company Hummingbird from TA Associates for 489M USD

Acquisition Highlights
  • This is OpenText’s 10th transaction in the Software sector.
  • This is OpenText’s 7th largest (disclosed) transaction.
  • This is OpenText’s 5th transaction in Canada.
  • This is OpenText’s 5th transaction in Ontario.

M&A Deal Summary

Date 2006-10-02
Target Hummingbird
Sector Software
Buyer(s) OpenText
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 489M USD

Target

Hummingbird

Toronto, Ontario, Canada
Hummingbird Ltd. is an enterprise software and solutions company that specializes in the development of decision-enabling web-based work environments.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada

Category Company
Founded 1991
Sector Software
Employees23,700
Revenue 4.5B USD (2023)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Ontario.


DEAL STATS #
Overall 14 of 45
Sector (Software) 10 of 21
Type (Add-on Acquisition) 10 of 36
State (Ontario) 5 of 6
Country (Canada) 5 of 8
Year (2006) 1 of 1
Size (of disclosed) 7 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 Quest Software - Vista Plus Product Suite

United States

Quest Software - Vista Plus Product Suite captures and stores business-critical information from packaged applications like Oracle E-Business Suite, PeopleSoft and mySAP as well as custom and mainframe legacy environments. Vista provides a strong platform from which to address report content found in ERP applications, and business intelligence (BI) software from Cognos, Business Objects, Crystal Reports and others.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-03 Spicer

Kitchener, Ontario, Canada

Spicer Corporation is a worldwide supplier of scalable, universal view-markup and collaboration software solutions that improves document productivity and the return on investment for organizations with ECM, CM, PDM, PLM, ERP, and other corporate information systems. Spicer's visualization, collaboration, redaction, and scanning products are used globally in Manufacturing, Government, Utilities, Insurance and Financial Services, and Reprographics markets.

Buy $12M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 108 of 255
Sector (Software) 30 of 55
Type (Add-on Acquisition) 65 of 130
State (Ontario) 3 of 3
Country (Canada) 3 of 5
Year (2006) 9 of 11
Size (of disclosed) 27 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-12 Professional Warranty Service

Chantilly, Virginia, United States

Professional Warranty Service is a provider of new home warranty products and administration services to residential construction firms. The warranty coverage provides for impartial third-party arbitration, with multiple layers of protection for all parties and transferability among homeowners. Professional Warranty Service was founded in 1995 and is based in Chantilly, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-25 American Access Care

Glen Rock, Pennsylvania, United States

American Access Care is a management company operating freestanding outpatient vascular access centers dedicated to patients suffering from end-stage renal disease (ESRD).

Buy -