Buyout (LBO, MBO, MBI) • Software

Sverica and Vistara Growth Acquire Syscon Justice Systems

On July 10, 2010, growth capital firm Sverica and private equity firm Vistara Growth acquired software company Syscon Justice Systems

Acquisition Context
  • This is Sverica’s 1st and Vistara Growth’s 1st transaction in the Software sector.
  • This is Sverica’s 2nd and Vistara Growth’s 1st transaction in Canada.
  • This is Sverica’s 1st and Vistara Growth’s 1st transaction in British Columbia.
Investment Fate
  • Syscon Justice Systems was sold to a strategic buyer in 2017.

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M&A Deal Summary

Date July 10, 2010
Target Syscon Justice Systems
Sector Software
Buyer(s) Sverica
Vistara Growth
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Syscon Justice Systems

Richmond, British Columbia, Canada
Syscon Justice Systems Ltd. is a provider of an Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools.
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Buyers Overview 2

Buyer

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $250 million. Sverica looks to commit $25 to $75 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


Deal Context for Buyer #
Overall 14 of 47
Sector: Software 1 of 5
Type: Buyout (LBO, MBO, MBI) 8 of 17
State: British Columbia 1 of 1
Country: Canada 2 of 3
Year: 2010 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-24 RestorixHealth

Metairie, Louisiana, United States

RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-02 DocuLynx

Omaha, Nebraska, United States

DocuLynx is a provider of document software and technology services to primarily to the Healthcare, Education, Finance and Government verticals. DocuLynx was founded in 2004 and is based in Omaha, Nebraska.

Buy -
DESCRIPTION

Vistara Capital Partners is a growth focused private equity firm that makes investments in technology and technology-enabled service companies across North America. The Firm looks to invest between $10 and $30 million in companies generating sales greater than $10 million. Vistara Capital Partners was formed in 2015 and is based in Vancouver, British Columbia.


Deal Context for Buyer #
Overall 2 of 17
Sector: Software 1 of 7
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: British Columbia 1 of 5
Country: Canada 1 of 9
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 Integral

Palo Alto, California, United States

Integral is a provider of online multi-sided trading network for foreign exchange. The facility empowers participants across the entire FX market to configure and operate their own automated, unique, private FX business. Integral’s solutions are delivered On Demand enabling FX businesses to flexibly enter new markets quickly and scale efficiently without owning and operating any IT infrastructure of their own. Integral was founded in 1993 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Blueprint

Toronto, Ontario, Canada

Blueprint is a provider of industry-major software solutions that accelerate and de-risk the digital transformation of large organizations. Blueprint transforms the Business-IT relationship into a visual and engaging collaboration. Blueprint Software System was founded in 2004 and is based in Toronto, Ontario.

Buy -