M&A Deal Summary

Proxicom Acquires DAOU Systems

On October 28, 2005, Proxicom acquired information technology company DAOU Systems from Galen Partners and Trident Capital

Acquisition Highlights
  • This is Proxicom’s 1st transaction in the Information Technology sector.
  • This is Proxicom’s 1st transaction in the United States.
  • This is Proxicom’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2005-10-28
Target DAOU Systems
Sector Information Technology
Buyer(s) Proxicom
Sellers(s) Galen Partners
Trident Capital
Deal Type Add-on Acquisition

Target

DAOU Systems

Exton, Pennsylvania, United States
DAOU Systems, Inc. is a provider of professional IT consulting and management services to healthcare organizations in the design, deployment, integration and support of infrastructure and application systems.

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Buyer(S) 1

Buyer

Proxicom

Reston, Virginia, United States

Category Company
Founded 1991
Sector Internet Software and Services
DESCRIPTION

Proxicom, Inc. is an internationally recognized Internet consulting firm, delivering custom-tailored web applications, industry-specific solutions, and system integration services to Global 1000 organizations. Proxicom provides specialized technology development expertise across a number of select industry groups including: Automotive, Healthcare, Government and Financial Services. Founded in 1991 as a systems integrator, Proxicom has developed and built web solutions for such companies as ExxonMobil, Chevron, Dupont, Mazda North American Operations, GMAC and Toyota Motor Sales, among many others.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 2

SELLER

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 5 of 26
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 22
State: Pennsylvania M&A 1 of 3
Country: United States M&A 5 of 26
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-19 JDS Pharmaceuticals

Morrisville, Pennsylvania, United States

JDS Pharmaceuticals is a pharmaceutical company focused on the central nervous system. The company sold Pexeva and Lithobid® through its specialty sales force, and has a pipeline of products in clinical development. JDS Pharmaceuticals is based in Morrisville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 Aperio Technologies

Vista, California, United States

Aperio Technologies, Inc. is a provider of ePathology solutions. Aperio products are transforming the practice of pathology in hospitals, reference labs, and pharmaceutical and research institutions around the world.

Buy -
SELLER

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 26 of 86
Sector: Information Technology M&A 6 of 24
Type: Add-on Acquisition M&A Deals 22 of 63
State: Pennsylvania M&A 1 of 1
Country: United States M&A 25 of 81
Year: 2005 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-10 Sygate Technologies

Mountain View, California, United States

Sygate is the market-leader in network access control solutions for the large enterprise. Through intelligent policy enforcement, its solution ensures “Compliance on Contact,” protecting computers, data and networks from misuse, malicious access and misconfiguration. Using Sygate solutions, the world’s largest organizations protect their networks, enforce business policies, and automate security practices to regain control of network security, reduce costs, and ensure compliance across the organization.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-09 iRobot

Bedford, Massachusetts, United States

iRobot is a designer and builder of robots for consumers and businesses. iRobot's home robots help people find smarter ways to clean, its defense & security robots protect those in harm's way, and its remote presence robots enable virtual presence from anywhere in the world. iRobot was founded in 1990 and is based in Bedford, Massachusetts.

Sell -