M&A Deal Summary

Sterling Software Acquires Systems Center

On April 1, 2000, Sterling Software acquired software company Systems Center from TA Associates

Acquisition Highlights
  • This is Sterling Software’s 3rd transaction in the Software sector.
  • This is Sterling Software’s 4th transaction in the United States.
  • This is Sterling Software’s 1st transaction in Virginia.

M&A Deal Summary

Date 2000-04-01
Target Systems Center
Sector Software
Buyer(s) Sterling Software
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Systems Center

Reston, Virginia, United States
Systems Center, Inc. is a vendor of systems software and networking software products.

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Buyer(S) 1

Buyer

Sterling Software

Dallas, Texas, United States

Category Company
Founded 1981
Sector Software
Employees3,700
DESCRIPTION

Sterling Software, Inc., is a computer software company develops and supplies electronic data interchange, otherwise known as EDI.


DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2000 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 Synon

Larkspur, California, United States

Synon Corporation develops, markets, and supports model-based application development solutions in the United States and internationally.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 65 of 260
Sector: Software M&A 16 of 58
Type: Add-on Acquisition M&A Deals 34 of 133
State: Virginia M&A 1 of 7
Country: United States M&A 62 of 207
Year: 2000 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-17 Teltrend

St Charles, Illinois, United States

Teltrend designs and manufactures a broad range of electronic units that the telephone companies and other service providers use to extend voice and data services from local telephone central offices to their customers.

Sell $706M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-20 Q UP Systems

Austin, Texas, United States

Q UP Systems is a business-to-business software company specializing in financial interactive web-based products for community financial institutions under $10 billion.

Sell -