M&A Deal Summary

Pitney Bowes MapInfo UK Acquires Portrait Software

On July 5, 2010, Pitney Bowes MapInfo UK acquired software company Portrait Software from Azini Capital Partners for 44M GBP

Acquisition Highlights
  • This is Pitney Bowes MapInfo UK’s 2nd transaction in the Software sector.
  • This is Pitney Bowes MapInfo UK’s 0th largest (disclosed) transaction.
  • This is Pitney Bowes MapInfo UK’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-07-05
Target Portrait Software
Sector Software
Buyer(s) Pitney Bowes MapInfo UK
Sellers(s) Azini Capital Partners
Deal Type Add-on Acquisition
Deal Value 44M GBP

Target

Portrait Software

Henley-on-Thames, United Kingdom
Portrait Software enables organizations to engage with each of their customers as individuals, resulting in improved customer profitability, increased retention, reduced risk, and outstanding customer experiences. This is achieved through a suite of innovative, insight-driven applications which empower organizations to create enduring one-to-one relationships with their customers.

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Buyer(S) 1

Buyer

Pitney Bowes MapInfo UK

Kent, United Kingdom
Category Company
Founded 1987
Sector Software
DESCRIPTION

Pitney Bowes MapInfo UK Ltd. provides solutions to enhance, manage and control the complexities of engaging intelligently, consistently and in real-time with customers across a growing number of communication channels.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-17 Encom Holdings Pty

Sydney, Australia

Encom Holdings Pty Ltd. a technology focus on the mining and drilling industries.

Buy -

Seller(S) 1

SELLER

Azini Capital Partners

Investor Investor

Category Secondary Investor
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 1 of 20
Sector (Software) 1 of 5
Type (Add-on Acquisition) 1 of 17
Country (United Kingdom) 1 of 10
Year (2010) 1 of 4
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-22 Antenova

Herts, United Kingdom

Antenova is the provider of antennas and radio antenna modules for wireless M2M and consumer electronic devices, wireless connectivity requirements, including GSM and CDMA, 3G, 4G, LTE, GPS, Wi-Fi, Bluetooth, WiMAX, WiBro, ZigBee and FM. Antenova was founded in 1999 and is based in Herts, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Starhome Mach

Zurich, Switzerland

Starhome Mach is a roaming solutions company. It is a software that allows mobile network operators to capture and manage mobile phone customers who are outside of their home country. For example enabling short dial codes, such as access to voicemail, to work whilst abroard. Deployed in 200 mobile network operators worldwide.

Sell $80M
Mergr

Product

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