M&A Deal Summary

Thundersoft Acquires Rightware Oy

On December 19, 2016, Thundersoft acquired software company Rightware Oy from Tesi for 68M USD

Acquisition Highlights
  • This is Thundersoft’s 1st transaction in the Software sector.
  • This is Thundersoft’s largest (disclosed) transaction.
  • This is Thundersoft’s 1st transaction in Finland.

M&A Deal Summary
Date 2016-12-19
Target Rightware Oy
Sector Software
Buyer(s) Thundersoft
Sellers(s) Tesi
Deal Type Add-on Acquisition
Deal Value 68M USD

Target

Rightware Oy

Espoo, Finland
Rightware Oy is a provider of User Interface technology, serving mobile, automotive and other embedded industries with its patent pending Kanzi solution for rapid 3D and 2D user interface design and deployment.

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Buyer(S) 1

Buyer

Thundersoft

Beijing, China
Category Company
Founded 2008
Sector Information Technology
Employees13,119
Revenue 5.2B CNY (2023)
DESCRIPTION

Thundersoft is a provider of mobile operating system and smart device solutions. Thundersoft delivers solutions and services to markets (including smartphone, tablet, IoT, automotive and enterprise markets) with full-stack engineering resources covering software and hardware. Thundersoft was founded in 2008 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Finland) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-29 MM Solutions

Sofia, Bulgaria

MM Solutions is a provider of mobile phones imaging, video and audio. MM Solutions was established in 2001 and is based in Sofia,Bulgaria.

Buy -

Seller(S) 1

SELLER

Tesi

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.

DEAL STATS #
Overall 16 of 33
Sector (Software) 2 of 4
Type (Add-on Acquisition) 11 of 19
Country (Finland) 15 of 30
Year (2016) 4 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-02 Retta Group

Helsinki, Finland

Retta Group is a residential and commercial property management specialist company that provides its customers with comprehensive solutions for the residential and commercial real estate services sector. Retta Group was founded in 2000 and is based in Helsinki, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Forenom

Helsinki, Finland

Forenom is an online provider of temporary accommodation solutions and relocation services. Forenom was founded in 2000 and is based in Helsinki, Finland.

Buy -
Mergr

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