M&A Deal Summary

Rackspace Acquires TriCore Solutions

On May 25, 2017, Rackspace acquired information technology company TriCore Solutions from BV Investment Partners

Acquisition Highlights
  • This is Rackspace’s 4th transaction in the Information Technology sector.
  • This is Rackspace’s 9th transaction in the United States.
  • This is Rackspace’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2017-05-25
Target TriCore Solutions
Sector Information Technology
Buyer(s) Rackspace
Sellers(s) BV Investment Partners
Deal Type Add-on Acquisition

Target

TriCore Solutions

Norwell, Massachusetts, United States
TriCore Solutions, the application management experts, provides a full suite of scalable and reliable managed application, cloud and infrastructure hosting, and consulting services to enterprise organizations. With 18 years of experience, the company delivers its services and the TriCore Trusted Promise to more than 275 enterprise-class companies worldwide to reduce costs, raise service levels, improve customer experience, increase business agility, and accelerate innovation, unlocking the business value from their IT investments. Our partners include industry leaders such as Oracle, SAP, Microsoft, AWS, and HP. TriCore Solutions is headquartered in Norwell, MA, with offices in India and throughout North America.

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Buyer(S) 1

Buyer

Rackspace

San Antonio, Texas, United States

Category Company
Founded 1998
Sector Information Technology
Employees5,800
Revenue 3.0B USD (2023)
DESCRIPTION
Entrance to Rackspace's corporate headquarters in San Antonio, Texas.
Entrance to Rackspace's corporate headquarters in San Antonio, Texas.

Rackspace is a provider of cloud computing services and managing hosting services for small and medium-sized businesses and large corporations. Rackspace was formed in 1998 and is based in San Antonio, Texas.


DEAL STATS #
Overall 9 of 13
Sector (Information Technology) 4 of 6
Type (Add-on Acquisition) 9 of 13
State (Massachusetts) 1 of 1
Country (United States) 9 of 12
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Pathwire

San Antonio, Texas, United States

Pathwire empowers companies around the world to solve complex communication problems. Through its powerful email API and intuitive email marketing solutions, Pathwire delivers over 250 billion emails a year for companies like DHL, Wikipedia, Toast, Lyft, and Microsoft. The company provides reliable, cloud-native infrastructure, local expertise, and smart solutions based on machine learning so companies can more easily reach their customers and build connected experiences. Pathwire is based in San Antonio, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Datapipe

Jersey City, New Jersey, United States

Datapipe provides application management, hosting, professional services and security services for mid to large-sized organizations. Datapipe was formed in 1998 and is headquartered in Jersey City, New Jersey.

Buy -

Seller(S) 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 14 of 28
Sector (Information Technology) 2 of 10
Type (Add-on Acquisition) 8 of 16
State (Massachusetts) 2 of 5
Country (United States) 13 of 27
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 C-4 Analytics

Wakefield, Massachusetts, United States

C-4 Analytics is a rapidly-growing technology-enabled digital marketing service and analytics business to the automotive, health care, energy, and retail industries in North America. C-4 manages its clients’ entire digital presence by providing a full suite of services and tools that include paid search marketing, organic search engine optimization, social media management, online reputation management, content development, website conversion optimization, and related analytics, performance tracking, and benchmarking software tools. C-4 Analytics was founded in 2009 and based in Wakefield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-19 Hero K12

Miami Lakes, Florida, United States

Hero K12 is an education software provider that allows school districts to capture and collect data that enables educators to replace traditional discipline policies with initiatives that emphasize and recognize positive behaviors. Hero K12 was founded in 2013 and is based in Miami Lakes, Florida.

Buy -