M&A Deal Summary

Tandberg Television Limited Acquires SkyStream Networks

On February 13, 2006, Tandberg Television Limited acquired communications company SkyStream Networks from Integral Capital Partners for 80M USD

Acquisition Highlights
  • This is Tandberg Television Limited’s 1st transaction in the Communications sector.
  • This is Tandberg Television Limited’s largest (disclosed) transaction.
  • This is Tandberg Television Limited’s 1st transaction in the United States.
  • This is Tandberg Television Limited’s 1st transaction in California.

M&A Deal Summary
Date 2006-02-13
Target SkyStream Networks
Sector Communications
Buyer(s) Tandberg Television Limited
Sellers(s) Integral Capital Partners
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

SkyStream Networks

Sunnyvale, California, United States
SkyStream Networks provides IP video delivery platforms and solutions to telcos and service providers.

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Buyer(S) 1

Buyer

Tandberg Television Limited

Southampton, United Kingdom
Category Company
Sector Technology Hardware
Employees870
Revenue 350M USD (2006)
DESCRIPTION

Tandberg Television is a producer of cable/satellite systems and technology. Tandberg Television employs 870 people, including more than 370 video and software engineers.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Tandberg Television AVS

Frankfurt, Germany

Tandberg Television AVS GmbH, designs, develops, manufactures and sells digital transmitters, receivers and microwave communications systems.

Sell $8M

Seller(S) 1

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor

Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.

DEAL STATS #
Overall 39 of 67
Sector (Communications) 4 of 5
Type (Add-on Acquisition) 27 of 45
State (California) 29 of 48
Country (United States) 38 of 66
Year (2006) 2 of 4
Size (of disclosed) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-17 Matrix Semiconductor

Santa Clara, California, United States

Matrix Semiconductor, Inc. is the creator and developer of the world's first three-dimensional integrated circuits. Matrix's first product, Matrix® 3-D Memory (3DM), is a low cost, high density line of permanent, programmable, non-volatile memory that is compatible with existing standards. Matrix 3-D Memory accelerates time-to-market for publishers of digital content and is targeted for use in portable consumer electronic devices.

Sell $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Bill Me Later

Timonium, Maryland, United States

Bill Me Later is a fast, simple and secure way to pay online without using a credit card. Bill Me Later, Inc. was formed in 2000 and is based in Timonium, Maryland.

Buy -
Mergr

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