M&A Deal Summary

SumTotal Systems Acquires Accero

On July 7, 2011, SumTotal Systems acquired software company Accero from Vista Equity Partners

Acquisition Highlights
  • This is SumTotal Systems’ 5th transaction in the Software sector.
  • This is SumTotal Systems’ 5th transaction in the United States.
  • This is SumTotal Systems’ 1st transaction in Oregon.

M&A Deal Summary
Date 2011-07-07
Target Accero
Sector Software
Buyer(s) SumTotal Systems
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition

Target

Accero

Lake Oswego, Oregon, United States
Accero is a developer of payroll processing and human resource management software and services. The company provides solutions that seamlessly integrate and streamline human resources and payroll processes with a customizable suite of products designed to empower users to efficiently and securely manage mission-critical HR and payroll functions.

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Buyer(S) 1

Buyer

SumTotal Systems

Gainesville, Florida, United States
Category Company
Founded 1985
Sector Software
Employees832
DESCRIPTION

SumTotal Systems is the HR software solution provider to deliver more than Human Capital Management with Talent Expansion, a whole new approach to discovering, developing, and unleashing the hidden potential within our customers' workforce. SumTotal Systems was founded in 1985 and is based in Gainesville, Florida.

DEAL STATS #
Overall 5 of 5
Sector (Software) 5 of 5
Type (Add-on Acquisition) 5 of 5
State (Oregon) 1 of 1
Country (United States) 5 of 5
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 CyberShift

Parsippany, New Jersey, United States

CyberShift, Inc. is a provider of workforce management software solutions to Fortune 1000 companies.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 10 of 70
Sector (Software) 1 of 28
Type (Add-on Acquisition) 5 of 35
State (Oregon) 2 of 4
Country (United States) 8 of 65
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Surgical Information Systems

Alpharetta, Georgia, United States

Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-31 Mitratech

Austin, Texas, United States

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

Buy -
Mergr

Product

Company

Legal