M&A Deal Summary

Siemens Acquires Brightly Software

On June 27, 2022, Siemens acquired internet software and services company Brightly Software from Clearlake Capital for 1.6B USD

Acquisition Highlights
  • This is Siemens’ 3rd transaction in the Internet Software and Services sector.
  • This is Siemens’ 5th largest (disclosed) transaction.
  • This is Siemens’ 23rd transaction in the United States.
  • This is Siemens’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2022-06-27
Target Brightly Software
Sector Internet Software and Services
Buyer(s) Siemens
Sellers(s) Clearlake Capital
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Brightly Software

Cary, North Carolina, United States
Brightly Software is a provider of cloud-based operations management software to the education, government, healthcare, and manufacturing verticals. Brightly Software was founded in 1999 and is headquartered in Cary, North Carolina.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 77.8B EUR (2023)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 49 of 51
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 42 of 44
State (North Carolina) 2 of 2
Country (United States) 23 of 25
Year (2022) 1 of 2
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 Siemens - Commercial Vehicles Electric Propulsion Business

Germany

Siemens' Commercial Vehicles Electric Propulsion Business develops, designs and produces high-performance electric drive systems. Product offerings include direct-drive and transmission-based remote mount electric motors, inverters, software and related services.

Sell €190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 ZONA Technology

Scottsdale, Arizona, United States

ZONA Technology is a renowned specialist in the field of aeroelastic simulation software solutions. ZONA Technology was founded in 1988 and is based in Scottsdale, Arizona.

Buy -

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 33 of 38
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 14 of 14
State (North Carolina) 1 of 1
Country (United States) 31 of 35
Year (2022) 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 OnShift

Cleveland, Ohio, United States

OnShift is a provider of cloud-based human capital management software for the long-term post-acute care market. The Company’s multi-tenant SaaS platform facilitates scheduling, labor analytics, workforce planning, employee financial wellness, employee engagement, applicant tracking, and recruitment management for nearly 5,000 customers, including many of the leading skilled nursing and senior living providers. OnShift was founded in 2008 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Crash Champions

Westmont, Illinois, United States

Crash Champions is an independent collision repair company operating 218 state-of-the-art centers across 20 states including California, Colorado, Florida, Idaho, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Pennsylvania, Ohio, Oregon, Washington, and Wisconsin as well as Washington, DC. Crash Champions was founded in 1999 and is based in Westmont, Illinois.

Buy -