M&A Deal Summary

Stellent Acquires Optika Solutions

On May 28, 2004, Stellent acquired software company Optika Solutions from JMI Equity

Acquisition Highlights
  • This is Stellent’s 1st transaction in the Software sector.
  • This is Stellent’s 1st transaction in the United States.
  • This is Stellent’s 1st transaction in Colorado.

M&A Deal Summary

Date 2004-05-28
Target Optika Solutions
Sector Software
Buyer(s) Stellent
Sellers(s) JMI Equity
Deal Type Add-on Acquisition

Target

Optika Solutions

Colorado Springs, Colorado, United States
Optika Solutions is a provider of imaging, workflow and collaboration software. Optika's Acorde family of Internet software solutions allows companies to efficiently manage complex business processes and transactions.

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Buyer(S) 1

Buyer

Stellent

Eden Prairie, Minnesota, United States

Category Company
Founded 1989
Sector Internet Software and Services
Employees560
DESCRIPTION

Stellent, Inc., a global provider of enterprise content management (ECM) software solutions. Stellent's best-of-breed ECM solutions encompass Document and Records Management, Web Content Management, Digital Asset Management, Imaging and Business Process Management, and Risk and Compliance. Stellent's products are rated as a leader by independent technology analyst firms including Gartner Group, Forrester Research, and IDC and have won a number of awards from leading technology and developer publications.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 19 of 107
Sector: Software M&A 11 of 55
Type: Add-on Acquisition M&A Deals 15 of 68
State: Colorado M&A 1 of 4
Country: United States M&A 18 of 95
Year: 2004 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-19 Trustwave

Chicago, Illinois, United States

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-22 Blackbaud

Charleston, South Carolina, United States

Blackbaud is a provider of nonprofit software and services. Blackbaud offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Blackbaud was incorporated in 1981 and is based in Charleston, South Carolina.

Sell -