M&A Deal Summary

The Learning Company Acquires Broderbund Software

On June 29, 1998, The Learning Company acquired information technology company Broderbund Software from Crosslink Capital for 420M USD

Acquisition Highlights
  • This is The Learning Company’s 1st transaction in the Information Technology sector.
  • This is The Learning Company’s largest (disclosed) transaction.
  • This is The Learning Company’s 1st transaction in the United States.
  • This is The Learning Company’s 1st transaction in California.

M&A Deal Summary

Date 1998-06-29
Target Broderbund Software
Sector Information Technology
Buyer(s) The Learning Company
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition
Deal Value 420M USD

Target

Broderbund Software

Novato, California, United States
For the past 20 years, Broderbund® software has been an industry leading graphics, home publishing, and creativity products company. The Broderbund brand boasts over 22 million customers worldwide. Broderbund® features brands such as Print Shop®, PrintMaster®, Mavis Beacon Teaches Typing®, ClickArt®, and Calendar Creator™. Encore Software is the proud publisher of these and many other Broderbund titles!

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Buyer(S) 1

Buyer

The Learning Company

Hiawatha, Iowa, United States

Category Company
Founded 1980
Sector Software
DESCRIPTION

The Learning Company (TLC) is an American educational software company, founded in 1980. It produced a grade-based system similar to Knowledge Adventure's JumpStart series. The products for preschoolers through second graders feature Reader Rabbit, and software for more advanced students features The ClueFinders. The company also purchased the Minnesota Educational Computing Consortium.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.


DEAL STATS #
Overall 1 of 60
Sector (Information Technology) 1 of 14
Type (Add-on Acquisition) 1 of 43
State (California) 1 of 42
Country (United States) 1 of 59
Year (1998) 1 of 1
Size (of disclosed) 4 of 17
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-03 Vignette

Austin, Texas, United States

Vignette is proud to be a part of Open Text, a global leader in Enterprise Content Management. Together, our Web content management, portal and collaboration solutions provide the backbone for dynamic Web experiences. The world’s leading organizations rely on Vignette to power their business-critical Web and e-business solutions and to deliver benefits such as increased customer loyalty, revenue generation, productivity and costs savings.

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