M&A Deal Summary

Oracle Acquires Tekelec Global

On March 25, 2013, Oracle acquired software company Tekelec Global from Comvest Partners, Siris Capital Group and Vector Capital

Acquisition Highlights
  • This is Oracle’s 63rd transaction in the Software sector.
  • This is Oracle’s 78th transaction in the United States.
  • This is Oracle’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2013-03-25
Target Tekelec Global
Sector Software
Buyer(s) Oracle
Sellers(s) Comvest Partners
Siris Capital Group
Vector Capital
Deal Type Add-on Acquisition

Target

Tekelec Global

Morrisville, North Carolina, United States
Tekelec Global, Inc. is a provider of signaling and session control systems and software to both wireless and wireline carriers as well as cable network operators.

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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 91 of 132
Sector (Software) 63 of 73
Type (Add-on Acquisition) 84 of 124
State (North Carolina) 1 of 1
Country (United States) 78 of 114
Year (2013) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-13 Nimbula

Mountain View, California, United States

Nimbula is a provider of private cloud infrastructure management software. Nimbula's technology helps companies manage infrastructure resources to deliver service, quality and availability, as well as workloads in private and hybrid cloud environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-17 Compendium Software

Indianapolis, Indiana, United States

Compendium is a cloud-based content marketing provider that helps companies plan, produce and deliver engaging content across multiple channels throughout their customers’ lifecycle.

Buy -

Seller(S) 3

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 15 of 40
Sector (Software) 2 of 2
Type (Add-on Acquisition) 6 of 22
State (North Carolina) 1 of 2
Country (United States) 15 of 40
Year (2013) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-01 Multiband

Minnetonka, Minnesota, United States

Multiband Corporation is a provider of software and integrated billing services including video, voice, data and other value-added local services to multiple dwelling units (MDU's).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Hi-Way Equipment Company

Houston, Texas, United States

Hi-Way Equipment Provides multiple lines of heavy equipment to the infrastructure construction industry.

Sell -
SELLER

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.


DEAL STATS #
Overall 1 of 9
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 8
State (North Carolina) 1 of 1
Country (United States) 1 of 8
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 Transaction Network Services

Reston, Virginia, United States

Transaction Network Services is a provider of fast, reliable data communications services for transaction-oriented applications. TNS combines innovation, advanced technology, and industry expertise to provide a range of authorization and communications solutions to support the credit card and ATM transaction processing industry. The Company also provides secure and highly reliable data network services to the telecommunications and securities industries. Transaction Network Services was formed in 1990 and is based in Reston, Virginia.

Buy $862M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Stratus

Maynard, Massachusetts, United States

Stratus is a developer, manufacturer, and marketer of highly specialized 'fault tolerant' servers 'mission critical' computing applications. Stratus’ flexible solutions – software, platform and services – prevent downtime before it occurs and ensure uninterrupted performance of essential business operations. Stratus was founded in 1980 and is based in Maynard, Massachusetts.

Buy $352M
SELLER

Vector Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector targets both public and private company investments. Prospective businesses typically have strong customer bases, high gross margins, and at least $30 million in sales. Vector Capital was formed in 1997, after spinning out from Ziff Brothers Investments. The Firm is based in San Francisco, California.


DEAL STATS #
Overall 12 of 33
Sector (Software) 6 of 13
Type (Add-on Acquisition) 9 of 18
State (North Carolina) 1 of 1
Country (United States) 11 of 28
Year (2013) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-17 Printronix

Irvine, California, United States

Printronix is a manufacturer of line matrix printers. Printronix business services a diverse group of customers that operate across healthcare, food and beverage, manufacturing and logistics, and other sectors. Printronix was founded in 1974 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 RAE Systems

San Jose, California, United States

RAE Systems, Inc. is a provider of rapidly deployable, connected and intelligent gas, volatile organic compounds (VOCs) and radiation-detection systems that enable real-time safety- and security-threat detection.

Sell $340M