M&A Deal Summary

Top Image Systems Acquires eGistics

On July 8, 2014, Top Image Systems acquired information technology company eGistics from Trident Capital and Bluestem Capital for 18M USD

Acquisition Highlights
  • This is Top Image Systems’ 1st transaction in the Information Technology sector.
  • This is Top Image Systems’ largest (disclosed) transaction.
  • This is Top Image Systems’ 1st transaction in the United States.
  • This is Top Image Systems’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-07-08
Target eGistics
Sector Information Technology
Buyer(s) Top Image Systems
Sellers(s) Trident Capital
Bluestem Capital
Deal Type Add-on Acquisition
Deal Value 18M USD
Advisor(s) Needham & Co. LLC (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

eGistics

Dallas, Texas, United States
eGistics is a provider of hosted document management solutions that enable organizations in any vertical market to optimize the way they store, manage and distribute content, documents and business information. Its customers include banks and other financial services firms, healthcare organizations, telecommunications providers, consumer product marketers, service bureaus and solutions providers.

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Buyer(S) 1

Buyer

Top Image Systems

Ramat Gan, Israel

Category Company
Founded 1991
Sector Information Technology
Employees240
Revenue 34M USD (2015)
DESCRIPTION

Top Image Systems Ltd. is a developer and marketer of automated data capture solutions for managing and validating content gathered from customers, trading partners, and employees.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Trident Capital

San Mateo, California, United States

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.


DEAL STATS #
Overall 66 of 85
Sector (Information Technology) 16 of 24
Type (Add-on Acquisition) 49 of 63
State (Texas) 6 of 6
Country (United States) 62 of 80
Year (2014) 4 of 8
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 PivotLink

San Francisco, California, United States

PivotLink, formerly SeaTab Software, is the provider of business intelligence solutions that meet the needs of organizations in a variety of industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 MegaPath

Costa Mesa, California, United States

MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California.

Sell -
SELLER

Bluestem Capital

Sioux Falls, South Dakota, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestem Capital Company LLC is a private equity firm focused on 'bread and butter' (basic industry) investment opportunities in the Midwest US. Sectors of interest include energy, real estate, leisure, manufacturing, business products, business services, and consumer products. Bluestem will invests in the range of $0.5 to 3 million per transaction. not invest in start-ups or turnaround situations. Bluestem Capital Partners was formed in 1989 and is based in Sioux Falls, South Dakota.


DEAL STATS #
Overall 4 of 11
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 4 of 9
State (Texas) 1 of 1
Country (United States) 4 of 11
Year (2014) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Community.co

Boston, Massachusetts, United States

Community.co provides, builds, and manages community-driven programs for media companies and global brands. Community.co was founded in 2014 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Conventus Orthopaedics

Maple Grove, Minnesota, United States

Conventus Orthopaedics, Inc. is a provider of 3-Dimensional fracture fixation technology. Conventus Orthopaedics was founded in 2008 and is based in Maple Grove, Minnesota.

Buy -