M&A Deal Summary

Rocket Software Acquires Trubiquity

On February 28, 2014, Rocket Software acquired software company Trubiquity from Kinderhook Industries

Acquisition Highlights
  • This is Rocket Software’s 6th transaction in the Software sector.
  • This is Rocket Software’s 7th transaction in the United States.
  • This is Rocket Software’s 1st transaction in Michigan.

M&A Deal Summary
Date 2014-02-28
Target Trubiquity
Sector Software
Buyer(s) Rocket Software
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Signal Hill Capital Group LLC (Financial)

Target

Trubiquity

Troy, Michigan, United States
Trubiquity, Inc. is a global provider of MFT (managed file transfer), process automation and integration solutions for 6,500 companies with 60,000 users in more than 40 countries. Trubiquity has served the automotive, aerospace, manufacturing, retail, finance, healthcare and consumer goods industries.

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Buyer(S) 1

Buyer

Rocket Software

Waltham, Massachusetts, United States
Category Company
Founded 1990
Sector Software
DESCRIPTION

Rocket Software is a global software development firm that builds and services Enterprise Infrastructure products for the world’s leading OEMs, networks and software companies and enterprises. Rocket Software’s solutions make it easier to unlock the business logic and data inside host-based systems to help speed digital transformation projects and help companies compete more effectively. IT departments streamline their daily operations using the automation and optimization capabilities offered by Rocket Software to get more out of existing resources and free staff to focus on efforts that drive new revenue. Rocket Software was founded in 1990 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 7 of 16
Sector (Software) 6 of 12
Type (Add-on Acquisition) 5 of 11
State (Michigan) 1 of 1
Country (United States) 7 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-16 D3 MDMS/TigerLogic

United States

Multidimensional Database Management Systems ("MDMS" or "D3").

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Fundi Software Pty

Bentley, Australia

Fundi Software Pty Ltd. is a provider of software solutions for IBM IMS and IBM CICS systems. Rocket will maintain development operations in Perth.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 15 of 42
Sector (Software) 2 of 4
Type (Add-on Acquisition) 13 of 34
State (Michigan) 1 of 5
Country (United States) 14 of 41
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 GlobalHealth

Oklahoma City, Oklahoma, United States

GlobalHealth is a health maintenance organization (HMO), serving over 40,000 members. GlobalHealth is the largest private HMO serving Oklahoma’s state, education and municipal employees. GlobalHealth was founded in 1919 and is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 IDQ Operating

Garland, Texas, United States

IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

Sell -
Mergr

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