M&A Deal Summary

TierPoint Acquires Cosentry

On January 20, 2016, TierPoint acquired internet software and services company Cosentry from TA Associates

Acquisition Highlights
  • This is TierPoint’s 4th transaction in the Internet Software and Services sector.
  • This is TierPoint’s 8th transaction in the United States.
  • This is TierPoint’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2016-01-20
Target Cosentry
Sector Internet Software and Services
Buyer(s) TierPoint
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Cosentry

Omaha, Nebraska, United States
Cosentry, Inc. is a provider of cloud, colocation and managed services. The company provides data center services (colocation, hosting, managed Internet access), managed services (24/7 help desk, network monitoring, compliance), cloud computing (virtual servers, disk backup, storage), security and disaster recovery. Cosentry was founded in 2000 and is based in Omaha, Nebraska.

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Buyer(S) 1

Buyer

TierPoint

St. Louis, Missouri, United States

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

TierPoint is a provider of data center colocation, internet connectivity, managed services, cloud services, and disaster recovery services. TierPoint was founded in 2010 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 8 of 8
State (Nebraska) 1 of 1
Country (United States) 8 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Altered Scale

Chicago, Illinois, United States

Altered Scale is a provider of data center services including cloud, colocation and managed services. Altered Scale is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 189 of 255
Sector (Internet Software and Services) 8 of 14
Type (Add-on Acquisition) 106 of 130
State (Nebraska) 1 of 1
Country (United States) 168 of 206
Year (2016) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Sovos Compliance

Wilmington, Massachusetts, United States

Sovos Compliance is a provider of software that safeguards businesses from the burden and risk of modern transactional taxes. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance was founded in 1979 and is based in Wilmington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Radialpoint SafeCare

Montreal, Quebec, Canada

Radialpoint SafeCare, Inc. is a provider of cloud and technical support services for small businesses and consumers. Radialpoint provides technical support software and services that help technology vendors and IT help desks deliver differentiated support experiences.

Sell -