M&A Deal Summary

Sphere 3D Acquires V3 Systems

On February 11, 2014, Sphere 3D acquired internet software and services company V3 Systems from Optum for 10M USD

Acquisition Highlights
  • This is Sphere 3D’s 1st transaction in the Internet Software and Services sector.
  • This is Sphere 3D’s largest (disclosed) transaction.
  • This is Sphere 3D’s 1st transaction in the United States.
  • This is Sphere 3D’s 1st transaction in Utah.

M&A Deal Summary
Date 2014-02-11
Target V3 Systems
Sector Internet Software and Services
Buyer(s) Sphere 3D
Sellers(s) Optum
Deal Type Divestiture
Deal Value 10M USD

Target

V3 Systems

Salt Lake City, Utah, United States
V3 Systems, Inc. is a provider of desktop cloud management solutions.

Search 201,771 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

Sphere 3D

Stamford, Connecticut, United States
Category Company
Founded 2009
Sector Information Technology
Employees3
Revenue 22M USD (2023)
DESCRIPTION

Sphere 3D is a visualization technology solution provider whose patent pending Glassware 2.0™ technology makes it possible for incompatible devices and applications to run over the cloud, without sacrificing performance or security. Sphere 3D was founded in 2009 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Overland Storage

San Diego, California, United States

Overland Storage, Inc. is a trusted global provider of unified data management and data protection solutions across the data lifecycle.

Buy -

Seller(S) 1

SELLER

Optum

Eden Prairie, Minnesota, United States
Category Company
Sector Information Technology
DESCRIPTION
Entrance to Optum's corporate headquarters in Eden Praire, Minnesota.
Entrance to Optum's corporate headquarters in Eden Praire, Minnesota.

Optum is an information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-28 Humedica

Boston, Massachusetts, United States

Humedica is the clinical intelligence company that powers health care providers, life sciences and research organizations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 MedSynergies

Irving, Texas, United States

MedSynergies is a provider of outsourced billing, claims administration and payment processing services to healthcare providers such as physician groups, hospitals and corporate healthcare providers.

Buy -
Mergr

Product

Company

Legal