Add-on Acquisition • Communications

Proxim Acquires Farallon Communications

On June 19, 2000, Proxim acquired communications company Farallon Communications from The Gores Group

Acquisition Context
  • This is Proxim’s 1st transaction in the Communications sector.
  • This is Proxim’s 1st transaction in the United States.
  • This is Proxim’s 1st transaction in California.

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M&A Deal Summary

Date June 19, 2000
Target Farallon Communications
Sector Communications
Buyer(s) Proxim
Sellers(s) The Gores Group
Deal Type Add-on Acquisition

Target Company

Farallon Communications

San Leandro, California, United States
Farallon Communications, Inc. is a provider of reliable, plug-and-play connectivity solutions for the Mac OS and Windows platforms.
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Buyer Overview 1

Buyer

Proxim

Milpitas, California, United States

Category Company
Founded 1982
Sector Technology Hardware
Employees180
Revenue 49M USD (2008)
DESCRIPTION

Proxim Corporation designs and sells wireless networking equipment for Wi-Fi and broadband wireless networks. The company is providing its enterprise and service provider customers with wireless solutions for the mobile enterprise, security and surveillance, last mile access, voice and data backhaul, public hot spots, and metropolitan area networks.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2000 1 of 1

Seller Profile 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


Deal Context for Seller #
Overall 2 of 67
Sector: Communications 1 of 11
Type: Add-on Acquisition 2 of 30
State: California 1 of 5
Country: United States 2 of 53
Year: 2000 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 Revere

Birmingham, Alabama, United States

Revere, Inc. is a provider of Enterprise Asset Management / Computerized Maintenance Management Systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-01 SSA Global Technologies

Chicago, Illinois, United States

SSA Global Technologies is the company that emerged from the August 2000 acquisition of substantially all of the assets of System Software Associates, Inc. by Gores and Cerberus Capital Management. SSA Global is a leading provider of extended ERP solutions for manufacturing, distribution, retail, services and public organizations worldwide. In addition to core ERP applications, SSA Global offers a full range of integrated extension solutions including corporate performance management, customer relationship management, product lifecycle management, supply chain management and supplier relationship management.

Buy -