M&A Deal Summary

Quorum Software Acquires Aucerna

On February 15, 2021, Quorum Software acquired software company Aucerna from Thoma Bravo and Fortress

Acquisition Highlights
  • This is Quorum Software’s 6th transaction in the Software sector.
  • This is Quorum Software’s 2nd transaction in Canada.
  • This is Quorum Software’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2021-02-15
Target Aucerna
Sector Software
Buyer(s) Quorum Software
Sellers(s) Thoma Bravo
Fortress
Deal Type Merger

Target

Aucerna

Calgary, Alberta, Canada
Aucerna is a provider of solutions for integrated planning, execution, and reserves in the energy industry. Aucerna is a global source of technology and expertise, serving more than 500 customers from 12 global offices including Calgary, Houston, London, and Singapore. Aucerna serves the energy industry’s largest base of customers, from super-majors and emerging operators to energy investors, consultants, and educational institutions. Aucerna is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Quorum Software

Houston, Texas, United States
Category Company
Founded 1998
Sector Software
DESCRIPTION

Quorum Software is a portfolio of finance, operations, and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. Quorum Software was founded in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 12 of 12
Sector (Software) 6 of 6
Type (Merger) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Landdox

Dallas, Texas, United States

Landdox is a growth-stage SaaS company that reimagines the way energy and infrastructure companies manage their core assets. Our flagship product is a cloud-based application that is easily customizable, intuitively designed, and delights customers as much as it expands their operational range. Landdox was established in 2015 and is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 56 of 79
Sector (Software) 24 of 33
Type (Merger) 6 of 9
State (Alberta) 1 of 1
Country (Canada) 2 of 3
Year (2021) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Delinea

San Francisco, California, United States

Delinea is a provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization's most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea was formed in 2004 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Personetics

Tel Aviv, Israel

Personetics is a global provider of data-driven personalization and customer engagement solutions for banks and financial services providers. Personetics was founded in 2011 and is based in Tel Aviv, Israel.

Buy -
SELLER

Fortress

New York, New York, United States
Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 24 of 25
Sector (Software) 1 of 1
Type (Merger) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Omnispace

Tysons, Virginia, United States

Omnispace is the owner and operator of the Omnispace F-2 (former ICO-F2) satellite and fully operational gateways around the globe. The company was founded by veteran satellite industry executives who saw a need for mobile satellite services (MSS) on the S-band aimed at a broad range of commercial and government customers. Omnispace was founded in 2012 and is based in Tysons, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Foundation Home Loans

Bracknell, United Kingdom

Foundation Home Loans is a specialist in the European mortgage lending, servicing, and securitization markets. Foundation Home Loans is based in Bracknell, United Kingdom.

Sell -
Mergr

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