M&A Deal Summary

Pegasystems Acquires Antenna Software

On October 11, 2013, Pegasystems acquired software company Antenna Software from Investcorp

Acquisition Highlights
  • This is Pegasystems’ 3rd transaction in the Software sector.
  • This is Pegasystems’ 3rd transaction in the United States.
  • This is Pegasystems’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2013-10-11
Target Antenna Software
Sector Software
Buyer(s) Pegasystems
Sellers(s) Investcorp
Deal Type Add-on Acquisition

Target

Antenna Software

Jersey City, New Jersey, United States
Antenna Software provides mobile workers with secure access to corporate data and applications wherever and whenever it's needed. Antenna's products connect handheld computers securely to major Customer Relationship Management (CRM), Sales Force Automation (SFA), and Enterprise Resource Planning (ERP) inventory and order-processing applications. Vaultus Mobile Platform (VPM), a pure Java client-server software platform and development environment, assists the rapid development and successful deployment of mobile enterprise applications.

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Buyer(S) 1

Buyer

Pegasystems

Cambridge, Massachusetts, United States
Category Company
Founded 1983
Sector Software
Employees5,406
Revenue 1.4B USD (2023)
DESCRIPTION

Pegasystems is a developer of software application services. Pegasystems was founded in 1983 and is based in Cambridge, Massachusetts.

DEAL STATS #
Overall 3 of 10
Sector (Software) 3 of 7
Type (Add-on Acquisition) 3 of 10
State (New Jersey) 1 of 1
Country (United States) 3 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-21 Chordiant Software

Cupertino, California, United States

Chordiant Software, Inc. provides software and services that allow customer call centers, specifically customer service representatives, to conduct a customized quality interaction with a customer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 MeshLabs Software Private

Bengaluru, India

MeshLabs Software Private Ltd. is a provider of advanced text analytics and social engagement solutions, based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 61 of 106
Sector (Software) 9 of 13
Type (Add-on Acquisition) 32 of 46
State (New Jersey) 2 of 3
Country (United States) 42 of 62
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-29 Theeb

Riyadh, Saudi Arabia

Theeb is a rental company in Saudi Arabia and operates in various locations across the Kingdom including at all major airports. Theeb was established in 1991 and is based in Riyadh, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Namet

Istanbul, Turkey

Namet is a producer of fresh cut and processed meat products.Namet offers more than 200 products to retail and professional channels in deli, fresh meat, frozen and advanced processed product categories. Namet was founded in 1929 and is Headquartered in Kocaeli, Turkey,

Buy -
Mergr

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