M&A Deal Summary

Oracle Acquires 360Commerce

On January 20, 2006, Oracle acquired software company 360Commerce from Jefferson Capital and Lovett Miller

Acquisition Highlights
  • This is Oracle’s 10th transaction in the Software sector.
  • This is Oracle’s 13th transaction in the United States.
  • This is Oracle’s 1st transaction in Texas.

M&A Deal Summary

Date 2006-01-20
Target 360Commerce
Sector Software
Buyer(s) Oracle
Sellers(s) Jefferson Capital
Lovett Miller
Deal Type Add-on Acquisition

Target

360Commerce

Austin, Texas, United States
360Commerce, Inc., headquartered in Austin, Texas, provides J2EE-based software that enables retailers to capture and leverage real-time operational intelligence across the enterprise to optimize store profitability. 360Commerce is the software vendor with more store systems customers than any other in the retail Java market.

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Buyer(S) 1

Buyer

Oracle

Austin, Texas, United States

Category Company
Founded 1977
Sector Software
Employees159,000
Revenue 53.0B USD (2024)
DESCRIPTION
Oracle's headquarters in Austin, Texas.
Oracle's headquarters in Austin, Texas.

Oracle provides products and services that address corporate information technology (IT) environments including applications, platforms, and infrastructure. Oracle's products and services are available to customers via cloud computing or on-premises deployment models. Products include database and middleware software, application software, cloud infrastructure software and hardware systems (Oracle Engineered Systems, servers, storage, networking and industry specific products), along with support and related services. Oracle was formed in 1977 and is based in Austin, Texas.


DEAL STATS #
Overall 15 of 132
Sector (Software) 10 of 73
Type (Add-on Acquisition) 13 of 124
State (Texas) 1 of 5
Country (United States) 13 of 114
Year (2006) 2 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-10 Temposoft SA

Paris, France

TempoSoft Workforce Management Application and related intellectual property to strengthen our retail offering with workforce scheduling optimization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-14 Sleepycat Software

Lincoln, Massachusetts, United States

Sleepycat Software, Inc., a privately held supplier of open source database software for developers of embedded applications. Berkeley DB is a leader in data management for embedded "edge" applications and complements other Oracle embedded products including Oracle TimesTen In-Memory Database and Oracle Database Lite Edition. Together, Oracle and Sleepycat plan to continue to develop, support, and sell the entire family of Berkeley DB products, including Sleepycat's XML and Java Editions. Oracle has no plans to change the dual license, and we will continue to serve both open source and commercial users.

Buy -

Seller(S) 2

SELLER

Jefferson Capital

Richmond, Virginia, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Jefferson Capital Partners (JCP) is a private equity firm that invests in growth financings, management buyouts, and recapitalizations of growing companies. JCP generally looks to invest between $2 and $7 million in companies with up to $75 million in annual revenue. Sectors of interest include consumer products, business services, education, healthcare, and information technology. The Firm's investment horizon is three to seven years. The predecessor to Jefferson Capital Partners was originally established in 1989. Jefferson is based in Richmond, Virginia.


DEAL STATS #
Overall 1 of 6
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 1 of 6
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-29 360Commerce

Austin, Texas, United States

360Commerce, Inc., headquartered in Austin, Texas, provides J2EE-based software that enables retailers to capture and leverage real-time operational intelligence across the enterprise to optimize store profitability. 360Commerce is the software vendor with more store systems customers than any other in the retail Java market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 iLIANT

Tampa, Pennsylvania, United States

iLIANT Corporation, headquartered in Tampa, Florida, is a leading provider of outsourced technology management, application hosting and business services for physician practices. Its mission is to provide the knowledge and technology to support high quality care, improved services, optimal reimbursement and maximum efficiencies in a complex health care environment. (Board Member - Palmer P. Garson)

Sell -
SELLER

Lovett Miller

Neptune Beach, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 175M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lovett Miller & Co. is a private equity firm that provides growth and shareholder liquidity capital to high-growth privately held companies located in the Southeast US and Texas. Lovett Miller looks for businesses generating sales of $1 to $50 million and can commit up to $15 million per transaction. Areas of interest include technology products and services, healthcare services and devices, business services, consumer and retail, and financial services. The Firm prefers minority positions. Lovett Miller is based in Jacksonville, Florida with an additional office in Tampa.


DEAL STATS #
Overall 4 of 17
Sector (Software) 1 of 4
Type (Add-on Acquisition) 2 of 12
State (Texas) 2 of 2
Country (United States) 4 of 17
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 CareAnyware

Morrisville, North Carolina, United States

CareAnyware is the pioneer in web-based solutions for home care and hospice. Our comprehensive web-based technology focuses on the needs of your clinicians and your business. But, unlike traditional client/server solutions, CareAnyware’s comprehensive on-demand solution is offered as a subscription-based service that accelerates implementation times, reduces ongoing maintenance costs, and keeps you focused on patient care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 iLIANT

Tampa, Pennsylvania, United States

iLIANT Corporation, headquartered in Tampa, Florida, is a leading provider of outsourced technology management, application hosting and business services for physician practices. Its mission is to provide the knowledge and technology to support high quality care, improved services, optimal reimbursement and maximum efficiencies in a complex health care environment. (Board Member - Palmer P. Garson)

Sell -