M&A Deal Summary

Solution 6 Holdings Acquires CMS/Data

On August 17, 1999, Solution 6 Holdings acquired software company CMS/Data from Hummingbird for 30M USD

Acquisition Highlights
  • This is Solution 6 Holdings’ 1st transaction in the Software sector.
  • This is Solution 6 Holdings’ largest (disclosed) transaction.
  • This is Solution 6 Holdings’ 1st transaction in the United States.
  • This is Solution 6 Holdings’ 1st transaction in Florida.

M&A Deal Summary
Date 1999-08-17
Target CMS/Data
Sector Software
Buyer(s) Solution 6 Holdings
Sellers(s) Hummingbird
Deal Type Divestiture
Deal Value 30M USD

Target

CMS/Data

Tallahassee, Florida, United States
CMS/Data Corp. is a client/server financial information management and time-based billing solution for professional services firms. CMS/Data is based in Tallahassee, Florida and employs approximately 250 people worldwide in the development, sales and support of CMS OPEN.

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Buyer(S) 1

Buyer

Solution 6 Holdings

Sydney, Australia
Category Company
Founded 1981
Sector Software
DESCRIPTION

Solution 6 Holdings, Ltd. (S6HL) develops and markets practice management and enterprise resource planning solutions for professional service organizations, including consulting firms, lawyers, and accountants in Australia, Asia, Ireland, New Zealand, and the United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-12 Novient

Atlanta, Georgia, United States

Novient, Inc. provides Internet infrastructure solution to professional services organizations.

Buy -

Seller(S) 1

SELLER

Hummingbird

Toronto, Ontario, Canada
Category Company
Founded 1984
Sector Software
DESCRIPTION

Hummingbird Ltd. is an enterprise software and solutions company that specializes in the development of decision-enabling web-based work environments.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-11 Leonard s Logic SA

Paris, France

Leonard's Logic specializes in the development of an engine-based data transformation and exchange tool that brokers information from any source to any target. Based on a centralized metadata repository of information-centric business rules, Genio transforms, cleanses, enriches, and directs the flow of information across the entire spectrum of corporate decision support systems including data marts, data warehouses, and OLAP environments. Founded in 1996, the Paris, France-based Leonard's Logic has offices in Europe and North America.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-18 Datenrevision

Hamburg, Germany

Datenrevision is a privately held software consulting company specializing in the areas of client/server development and data warehousing projects, as well as the distribution of software tools. Datenrevision has established itself as an expert in software consulting among large corporate customers. The company distributes and supports high-end client/server development tools and Business Intelligence tools from Hummingbird, and currently has approximately 500 customers in Germany and Austria.

Sell $12M
Mergr

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Company

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