M&A Deal Summary

Remedy Acquires BayStone Software

On April 21, 1999, Remedy acquired software company BayStone Software from Integral Capital Partners

Acquisition Highlights
  • This is Remedy’s 1st transaction in the Software sector.
  • This is Remedy’s 1st transaction in the United States.
  • This is Remedy’s 1st transaction in California.

M&A Deal Summary

Date 1999-04-21
Target BayStone Software
Sector Software
Buyer(s) Remedy
Sellers(s) Integral Capital Partners
Deal Type Add-on Acquisition

Target

BayStone Software

Saratoga, California, United States
Customer Relationship Management Software.

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Buyer(S) 1

Buyer

Remedy

Mountain View, California, United States

Category Company
Founded 1990
Sector Software
Employees1,314
DESCRIPTION

Remedy Corporation develops, markets, and supports enterprise software solutions for automating business processes. The company offers IT Service Management, a solution to manage and streamline the business processes for serving and supporting internal corporate customers, and for managing the life-cycle of assets; and Customer Relationship Management, a solution for managing external customer relationships, such as the management of customer support.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 1 of 1

Seller(S) 1

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor


Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.


DEAL STATS #
Overall 7 of 67
Sector: Software M&A 3 of 17
Type: Add-on Acquisition M&A Deals 5 of 45
State: California M&A 6 of 48
Country: United States M&A 7 of 66
Year: 1999 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-02 Netect

Boston, Massachusetts, United States

Netect Inc., provider of anti-hacker software solutions, today announced its charter membership in ICSA's newly formed Intrusion Detection Consortium. The Consortium is designed to clarify and define the role of intrusion detection and vulnerability assessment products for security users. It will also serve as a medium to educate end users on the importance of security solutions, improve product quality and help manage product expectations across the industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-07 Dazel

Austin, Texas, United States

Dazel Corporation provides Information delivery solutions to printers, fax machines, email and pagers.

Sell -