M&A Deal Summary

Safeguard Acquires DriveFactor

On April 22, 2015, Safeguard acquired technology hardware company DriveFactor for 22M USD

Acquisition Highlights
  • This is Safeguard’s 1st transaction in the Technology Hardware sector.
  • This is Safeguard’s 2nd largest (disclosed) transaction.
  • This is Safeguard’s 9th transaction in the United States.
  • This is Safeguard’s 1st transaction in Vermont.

M&A Deal Summary
Date 2015-04-22
Target DriveFactor
Sector Technology Hardware
Buyer(s) Safeguard
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

DriveFactor

Glen Allen, Vermont, United States
DriveFactor, Inc. is a driving data and analytics company, it provides a flexible platform for Usage-Based insurance (UBI) and accompanying programs. The company capture data by providing devices to drivers.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Safeguard

Radnor, Pennsylvania, United States
Category Company
Sector Financial Services
Employees30
Revenue 6M USD (2023)
DESCRIPTION

Safeguard is a provider of capital and operational expertise to emerging and growth-stage healthcare and technology enterprises that are developing innovative products and services.

DEAL STATS #
Overall 9 of 10
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Vermont) 1 of 1
Country (United States) 9 of 10
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-04 Crescendo Bioscience

South San Francisco, California, United States

Crescendo Bioscience, Inc. is a molecular diagnostics company dedicated to developing and commercializing quantitative blood tests for rheumatoid arthritis (RA) and other autoimmune diseases.

Sell $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Zipnosis

Minneapolis, Minnesota, United States

Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -
Mergr

Product

Company

Legal