M&A Deal Summary |
|
|---|---|
| Date | 2022-06-29 |
| Target | Stratus |
| Sector | Software |
| Buyer(s) | Penguin Solutions |
| Sellers(s) | Siris Capital Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 225M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Semiconductors |
| Employees | 2,900 |
| Revenue | 1.4B USD (2025) |
Penguin Solutions enable AI and demanding, critical IT and OT workloads by simplifying and advancing data center and edge infrastructure through high-performance and high-availability solutions and services. Penguin Solutions offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. Penguin Solutions was founded in 1988 and is headquartered in Fremont, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Software M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: Massachusetts M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2022 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-26 |
Smart Modular Technologies
Newark, California, United States Smart Modular Technologies is a developer and manufacturer of DRAM and Flash-based modules and subsystems for computing, communications, embedded, and defense applications. Smart Modular Technologies was founded in 1988 and is based in Newark, California. |
Buy | $645M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 5.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 $500 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 | 10 of 10 |
| Sector: Software M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 8 of 8 |
| State: Massachusetts M&A | 3 of 3 |
| Country: United States M&A | 9 of 9 |
| Year: 2022 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
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. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-27 |
BearCom
Garland, Texas, United States BearCom is a provider of wireless communications equipment and solutions for two-way radios and other voice and data technologies over 20,000 commercial, industrial and government customers across North America. BearCom was formed in 1981 and is based in Garland, Texas. |
Buy | - |
