M&A Deal Summary

The Gores Group and Siemens Acquire Unify

On July 29, 2008, private equity firm The Gores Group and Siemens acquired software company Unify for 350M USD

Acquisition Highlights
  • This is The Gores Group’s 6th and Siemens’ 4th transaction in the Software sector.
  • This is The Gores Group’s 3rd and Siemens’ 12th largest (disclosed) transaction.
  • This is The Gores Group’s 32nd and Siemens’ 8th transaction in the United States.
  • This is The Gores Group’s 4th and Siemens’ 1st transaction in Florida.
Investment Fate
  • Unify was sold to a publicly-traded strategic buyer in 2015 for 340M EUR.
  • Unify was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2008-07-29
Target Unify
Sector Software
Buyer(s) The Gores Group
Siemens
Deal Type Joint Venture
Deal Value 350M USD

Target

Unify

Boca Raton, Florida, United States
Unify is a global communications software and services company. Unify provides integrated communications solutions for the Fortune Global 500 clients. Unify was founded in 2006 and is based in Boca Raton, Florida.

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Buyer(S) 2

Buyer

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 38 of 74
Sector: Software M&A 6 of 6
Type: Joint Venture M&A Deals 1 of 2
State: Florida M&A 4 of 7
Country: United States M&A 32 of 61
Year: 2008 M&A 4 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-10 Wire One Communications

Westminster, Colorado, United States

Wire One Communications is a provider of high quality, reliable, end-to-end videoconferencing solutions that enable organizations to connect, collaborate and innovate. Wire One Communications is based in Westminster, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-15 Aptiv Technology Partners

King of Prussia, Pennsylvania, United States

Aptiv Technology Partners is a provider of IT services for the healthcare market.

Sell -
Buyer

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 75.9B EUR (2024)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 14 of 53
Sector: Software M&A 4 of 25
Type: Joint Venture M&A Deals 2 of 3
State: Florida M&A 1 of 1
Country: United States M&A 8 of 25
Year: 2008 M&A 2 of 2
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 Cinterion Wireless Modules

Munich, Germany

Cinterion Wireless Modules GmbH is a provider of industrial Machine-to-Machine (M2M) wireless communication modules.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-06 Wincor Nixdorf Philippines

Makati City, Philippines

Wincor Nixdorf Philippines Inc. serves banks and retailers with Wincor Nixdorf's software applications, services portfolio, automated teller machines (ATMs) and programmable electronic point of sales (ePOS) systems.

Sell -