M&A Deal Summary |
|
|---|---|
| Date | 2024-02-14 |
| Target | Delphix |
| Sector | Software |
| Buyer(s) | Perforce |
| Sellers(s) |
Summit Partners
Battery Ventures |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Centerview Partners (Financial) |
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Perforce is a provider of enterprise-scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility, and scale during all phases of the development lifecycle. Perforce was founded in 1995 and is headquartered in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Software M&A | 7 of 7 |
| Type: Add-on Acquisition M&A Deals | 9 of 10 |
| State: California M&A | 4 of 4 |
| Country: United States M&A | 8 of 8 |
| Year: 2024 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
Puppet
Portland, Oregon, United States Puppet is a provider of IT automation software for system administrators. Puppet Labs' software provides system administrators the operational agility, efficiency and insight they need to proactively manage dynamic infrastructure, scaling from tens of servers to thousands, on-premises and in the cloud. Puppet was established in 2005 and is based in Portland, Oregon. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-03-18 |
P4 One
Montreal, Quebec, Canada P4 One provides real-time activity tracking, GPS data analysis, and privacy-focused features. P4 One was founded in 2021 and is based in Montreal, Quebec. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 283 of 298 |
| Sector: Software M&A | 52 of 56 |
| Type: Add-on Acquisition M&A Deals | 127 of 134 |
| State: California M&A | 62 of 64 |
| Country: United States M&A | 246 of 258 |
| Year: 2024 M&A | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-31 |
Mi9 Retail
Fort Lauderdale, Florida, United States Mi9 Retail is a provider of an enterprise retail merchandising, business intelligence, and store operations software. Mi9’s solutions enabled retailers to automate and optimize their entire Plan-to-Sell process, from planning to executing, influencing, and selling merchandise in-store, online, and on any device. Mi9 Retail was founded in 2001 and is based in Fort Lauderdale, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-29 |
Insurcomm
Portsmouth, New Hampshire, United States Insurcomm provides construction services for insurance-related losses and end-to-end solutions for insurance-related property losses. Insurcomm was founded in 1996 and is based in Portsmouth, New Hampshire. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 13.0B USD |
| Size | Mega |
| Type | Sector Focused |
Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 67 |
| Sector: Software M&A | 21 of 21 |
| Type: Add-on Acquisition M&A Deals | 33 of 35 |
| State: California M&A | 12 of 12 |
| Country: United States M&A | 51 of 52 |
| Year: 2024 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-16 |
ORTEC
Zoetermeer, Netherlands ORTEC helps many of the world’s largest organizations make better data-driven decisions with its decision-support software and other capabilities. The company focuses on logistics and routing solutions; workforce management; and data science and consulting. ORTEC was founded in 1981 and is based in Zoetermeer, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-13 |
TrueContext
Kanata, Ontario, Canada TrueContext researches, develops, and markets mobile business solutions for enterprises to automate field sales, field service, and other field data collection business processes. It offers ProntoForms mobile workflow management app solution that enables remote workers to collect data on a mobile device; access company data in the field; and automatically share the results with back-office systems, cloud services, and people, as well as companies to track, analyze, and enhance processes. TrueContext was founded in 2001 and is based in Kanata, Ontario. |
Buy | $150M |
