M&A Deal Summary

SGH Acquires Stratus

On June 29, 2022, SGH acquired software company Stratus from Siris Capital Group for 225M USD

Acquisition Highlights
  • This is SGH’s 1st transaction in the Software sector.
  • This is SGH’s largest (disclosed) transaction.
  • This is SGH’s 1st transaction in the United States.
  • This is SGH’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-06-29
Target Stratus
Sector Software
Buyer(s) SGH
Sellers(s) Siris Capital Group
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Stratus

Maynard, Massachusetts, United States
Stratus is a developer, manufacturer, and marketer of highly specialized 'fault tolerant' servers 'mission critical' computing applications. Stratus’ flexible solutions – software, platform and services – prevent downtime before it occurs and ensure uninterrupted performance of essential business operations. Stratus was founded in 1980 and is based in Maynard, Massachusetts.

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Buyer(S) 1

Buyer

SGH

Milpitas, California, United States
Category Company
Founded 1988
Sector Semiconductors
Employees3,000
Revenue 1.4B USD (2023)
DESCRIPTION

SGH enable AI and demanding, critical IT and OT workloads by simplifying and advancing data center and edge infrastructure through high-performance and high-availability solutions and services. SGH offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. SGH was founded in 1988 and is headquartered in Newark, California.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 9 of 9
Sector (Software) 2 of 2
Type (Add-on Acquisition) 8 of 8
State (Massachusetts) 3 of 3
Country (United States) 8 of 8
Year (2022) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Transaction Network Services

Reston, Virginia, United States

Transaction Network Services is a provider of fast, reliable data communications services for transaction-oriented applications. TNS combines innovation, advanced technology, and industry expertise to provide a range of authorization and communications solutions to support the credit card and ATM transaction processing industry. The Company also provides secure and highly reliable data network services to the telecommunications and securities industries. Transaction Network Services was formed in 1990 and is based in Reston, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 BearCom

Garland, Texas, United States

BearCom is a provider of wireless communications equipment and solutions for two-way radios and other voice and data technologies over 20,000 commercial, industrial and government customers across North America. BearCom was formed in 1981 and is based in Garland, Texas.

Buy -
Mergr

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