M&A Deal Summary |
|
|---|---|
| Date | 2021-07-29 |
| Target | Clarabridge |
| Sector | Software |
| Buyer(s) | Qualtrics |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
| Advisor(s) | Qatalyst Partners (Financial) Cooley (Legal) |
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| Category | Company |
|---|---|
| Founded | 2002 |
| Sector | Internet Software and Services |
| Employees | 3,455 |
| Revenue | 1.5B USD (2022) |
Qualtrics is a software-as-a-service company that helps clients monitor and gather customer insights. Qualtrics has pioneered a new category of software that enables organizations to deliver the experiences that turn their customers into fanatics, employees into ambassadors, brands into religions, and products into obsessions. Qualtrics was founded in 2002 and is based in Provo, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Software) | 2 of 2 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 3 of 3 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-12 |
Delighted
Palo Alto, California, United States Delighted, Inc. is a customer experience (CX) measurement and rating company which provides one of the fastest and easiest ways to gather actionable feedback. Delighted was founded in 2013 and is based in Palo Alto, California. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B 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 | 263 of 285 |
| Sector (Software) | 49 of 51 |
| Type (Add-on Acquisition) | 117 of 127 |
| State (Virginia) | 7 of 7 |
| Country (United States) | 231 of 246 |
| Year (2021) | 14 of 23 |
| Size (of disclosed) | 8 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-21 |
Teaching Strategies
Bethesda, Maryland, United States Teaching Strategies is a provider of childhood educational resources, including curriculum and web-based assessment products. Teaching Strategies offers the industry’s widest selection of research-based, developmentally appropriate instruction and assessment products to the growing early childhood market. Teaching Strategies was established in 1988 and is based in Bethesda, Maryland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-13 |
TurningPoint Healthcare Solutions
Lake Mary, Florida, United States TurningPoint Healthcare Solutions provides an innovative suite of specialty care management services and technologies focused on managing complex conditions including musculoskeletal (MSK), ENT, sleep, and cardiac care. TurningPoint Healthcare Solutions was founded in 2014 and is based in Lake Mary, Florida. |
Buy | - |
