M&A Deal Summary |
|
|---|---|
| Date | 2023-01-03 |
| Target | MarkLogic |
| Sector | Software |
| Buyer(s) | Progress Software |
| Sellers(s) |
Vector Capital
Monroe Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 355M USD |
| Advisor(s) | Jefferies (Financial) Paul Hastings (Legal) |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Software |
| Employees | 2,284 |
| Revenue | 694M USD (2023) |
Progress Software is a software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software was founded in 1981 and is based in Bedford, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 24 |
| Sector (Software) | 17 of 17 |
| Type (Add-on Acquisition) | 23 of 23 |
| State (California) | 6 of 6 |
| Country (United States) | 18 of 19 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-23 |
KEMP
Melville, New York, United States KEMP is a provider of load balancer and application delivery controller (“ADC”) solutions and services. Leveraging an agile per-app load balancing / ADC consumption model, predictive analytics and automated issue resolution, Kemp is radically simplifying how customers optimize, analyze and secure their applications across private and multi-cloud environments. KEMP was founded in 2000 and is based in Melville, New York. |
Buy | $258M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-09 |
ShareFile
Raleigh, North Carolina, United States ShareFile is a cloud storage, file sharing and collaboration solutions provider. ShareFile was formed in 2005 and is based in Raleigh, North Carolina. |
Buy | $875M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Focused |
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 | 33 of 33 |
| Sector (Software) | 13 of 13 |
| Type (Add-on Acquisition) | 18 of 18 |
| State (California) | 11 of 11 |
| Country (United States) | 28 of 28 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 6 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-21 |
Malwarebytes
Santa Clara, California, United States Malwarebytes provides anti-malware and anti-exploit software designed to protect businesses and consumers against zero-day threats that consistently escape detection by traditional antivirus solutions. Malwarebytes was founded in 2008 and is based in Santa Clara, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-30 |
Riverbed
San Francisco, California, United States Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 2004 |
| PE ASSETS | 14.1B USD |
| Size | Mega |
| Type | Sector Agnostic |
Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 53 |
| Sector (Software) | 2 of 2 |
| Type (Add-on Acquisition) | 25 of 27 |
| State (California) | 8 of 8 |
| Country (United States) | 50 of 53 |
| Year (2023) | 1 of 3 |
| Size (of disclosed) | 3 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-27 |
AutoCruitment
New York City, New York, United States AutoCruitment provides a direct-to-patient, web-based technology platform that seamlessly recruits, qualifies and automatically refers the right patients for your clinical trials. AutoCruitment was founded in 2014 and is based in New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-18 |
Edustaff
Grand Rapids, Michigan, United States Edustaff is a provider of outsourced substitute, paraprofessional, and support staff solutions to K-12 school districts and community colleges. The company serves as the exclusive outsourced substitute teacher management provider to its expanding base of clients across the nation. Its turn-key offering supports recruitment, substitute management, and payroll processing for employees provided to its client districts. Edustaff was formed in 2010 and is based in Grand Rapids, Michigan. |
Buy | - |
