M&A Deal Summary

Tumbleweed Communications Acquires ValiCert

On June 23, 2003, Tumbleweed Communications acquired information technology company ValiCert from First Analysis and FTV Capital

Acquisition Highlights
  • This is Tumbleweed Communications’ 1st transaction in the Information Technology sector.
  • This is Tumbleweed Communications’ 1st transaction in the United States.
  • This is Tumbleweed Communications’ 1st transaction in California.

M&A Deal Summary

Date 2003-06-23
Target ValiCert
Sector Information Technology
Buyer(s) Tumbleweed Communications
Sellers(s) First Analysis
FTV Capital
Deal Type Add-on Acquisition

Target

ValiCert

Mountain View, California, United States
ValiCert, Inc. was a leading provider of secure communications and authentication software for file transfer, financial messaging, and business process integration over the Internet.

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Buyer(S) 1

Buyer

Tumbleweed Communications

Redwood City, California, United States

Category Company
Founded 1993
Sector Communications
Employees332
DESCRIPTION

Tumbleweed Communications Corp. provides managed file transfer, email security, and identity validation products to enterprise and government customers worldwide. Its solutions enable organizations to safely and confidently conduct business over the Internet, protecting data in motion and at rest with intuitive, pragmatic solutions that promote collaboration, prevent data loss, and reduce the cost of doing business.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 2

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 73
Sector: Information Technology M&A 5 of 14
Type: Add-on Acquisition M&A Deals 15 of 53
State: California M&A 4 of 12
Country: United States M&A 19 of 72
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-26 SterilMed

Maple Grove, Minnesota, United States

SterilMed, Inc. provides reprocessing, repair, and refurbishment of medical devices, equipment, and instruments. It repairs and sells medical equipment, including flexible endoscope systems, rigid endoscope systems, camera and video tower systems, power equipment, and surgical instrumentation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 CCS Medical

Farmers Branch, Texas, United States

CCS Medical, Inc. (formerly Chronic Care Solutions Inc) is a rapidly growing provider of quality home medical supplies and services to patients with chronic conditions throughout the United States. By working closely with healthcare professionals and healthcare organizations we ensure the seamless coordination and efficient delivery of critical medical supplies directly to our patients' doorsteps. We are a leader in the industry and are recognized as the most-recommended provider by healthcare professionals because of our commitment to quality, compliance and superior customer care.

Buy -
SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 3 of 62
Sector: Information Technology M&A 3 of 15
Type: Add-on Acquisition M&A Deals 2 of 38
State: California M&A 1 of 15
Country: United States M&A 3 of 55
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-04-29 Integrated Decision Systems

Los Angeles, California, United States

Offers investment management software for portfolio accounting, performance reporting and trade order management for traditional portfolios and separately managed accounts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-08 KVS

Berkshire, United Kingdom

Offers a platform for managing the archiving, retention and retrieval of email and document processing to reduce ongoing storage costs, enables compliance with regulatory requirements for email communications and helps meet required service levels.

Buy -