Investment Summary

Trident Capital and TCV Invest In XRS

On December 8, 2003, Trident Capital and private equity firm TCV invested in software company XRS

Investment Highlights
  • This is Trident Capital’s 5th and TCV’s 10th transaction in the Software sector.
  • This is Trident Capital’s 24th and TCV’s 15th transaction in the United States.
  • This is Trident Capital’s 1st and TCV’s 1st transaction in Minnesota.
Investment Fate
  • XRS went public in 2010.
  • XRS was sold to a strategic buyer in 2014 for 178M USD.

Investment Summary

Date 2003-12-08
Target XRS
Sector Software
Investor(s) Trident Capital
TCV
Deal Type Venture
Advisor(s) Cherry Tree & Associates (Financial)

Target

XRS

Eden Prairie, Minnesota, United States
XRS Corporations is a provider of fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs.

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Investor(S) 2

Investor

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 26 of 86
Sector: Software M&A 5 of 18
Type: Venture M&A Deals 16 of 62
State: Minnesota M&A 1 of 3
Country: United States M&A 24 of 78
Year: 2003 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-13 Outsource Partners International

Los Angeles, California, United States

Outsource Partners International (OPI) is a professional services firm dedicated to the outsourcing of finance & accounting business processes, analytics, and related consulting and advisory services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-19 XACCT Technologies

Santa Clara, California, United States

XACCT Technologies provides the leading network data management platform for global communications service providers such as network backbone providers, mobile operators, cable operators and managed services providers. XACCT’s carrier-class Network-to-Business (N2B™) Platform enables carriers to monetize their network traffic by harnessing network information to create new value-based services and lower operational costs. XACCT offers the industry’s first and only platform that enables real-time data capture and enhancement; seamless integration with any business or operations application; and automated flow-through service provisioning.

Sell $30M
Investor

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 16 of 85
Sector: Software M&A 10 of 24
Type: Venture M&A Deals 11 of 30
State: Minnesota M&A 1 of 1
Country: United States M&A 15 of 70
Year: 2003 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-02 WebTone Technologies

Atlanta, Georgia, United States

A provider of enterprise-wide customer interaction software for financial services institutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 EXE Technologies

Dallas, Texas, United States

EXE Technologies, Inc. develops software that focuses on supply chain execution processes, including warehouse management, fulfillment, collaboration, inventory management, and supply network execution.

Sell -