M&A Deal Summary

SumTotal Systems Acquires CyberShift

On July 7, 2011, SumTotal Systems acquired software company CyberShift from LLR 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 New Jersey.

M&A Deal Summary

Date 2011-07-07
Target CyberShift
Sector Software
Buyer(s) SumTotal Systems
Sellers(s) LLR Partners
Deal Type Add-on Acquisition

Target

CyberShift

Parsippany, New Jersey, United States
CyberShift, Inc. is a provider of workforce management software solutions to Fortune 1000 companies.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
State: New Jersey M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2011 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-07 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.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 16 of 76
Sector: Software M&A 4 of 15
Type: Add-on Acquisition M&A Deals 10 of 47
State: New Jersey M&A 5 of 8
Country: United States M&A 16 of 75
Year: 2011 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 Pet360

Plymouth Meeting, Pennsylvania, United States

Pet360, Inc. is a online pet information, community and commerce company that operates www.PetFoodDirect.com, an online pet food and supply retailer, www.NationalPetPharmacy.com, a fully certified, full-service pet pharmacy delivering pet meds, vitamins and comprehensive pet health and wellness products; and www.petMD.com, a leading pet health information resource.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-10 BrightHeart Veterinary Centers

Armonk, New York, United States

BrightHeart Veterinary Centers is a national network of advanced-care specialty/emergency veterinary hospitals across the U.S. and Canada.

Sell $50M