M&A Deal Summary

Sprint Acquires Handmark

On May 20, 2013, Sprint acquired software company Handmark

Acquisition Highlights
  • This is Sprint’s 1st transaction in the Software sector.
  • This is Sprint’s 12th transaction in the United States.
  • This is Sprint’s 1st transaction in Missouri.

M&A Deal Summary
Date 2013-05-20
Target Handmark
Sector Software
Buyer(s) Sprint
Deal Type Add-on Acquisition

Target

Handmark

Kansas City, Missouri, United States
Handmark, Inc. is a mobile platforms developer applications for Android, Blackberry and Windows.

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Buyer(S) 1

Buyer

Sprint

Overland Park, Kansas, United States
Category Company
Founded 1899
Sector Communications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.

DEAL STATS #
Overall 12 of 13
Sector (Software) 1 of 1
Type (Add-on Acquisition) 10 of 11
State (Missouri) 1 of 1
Country (United States) 12 of 13
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-24 Virgin Mobile USA

Warren, New Jersey, United States

Virgin Mobile USA is a US prepaid wireless voice, messaging, and mobile broadband service provider.

Sell $483M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-19 Clearwire

Bellevue, Washington, United States

Clearwire Inc., based in Kirkland, Washington, is a provider of reliable, wireless, high-speed broadband Internet service to consumers and small businesses.

Buy -
Mergr

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