M&A Deal Summary

Tungsten Automation Acquires 170 Systems

On September 7, 2009, Tungsten Automation acquired software company 170 Systems for 43M USD

Acquisition Highlights
  • This is Tungsten Automation’s 1st transaction in the Software sector.
  • This is Tungsten Automation’s 4th largest (disclosed) transaction.
  • This is Tungsten Automation’s 1st transaction in the United States.
  • This is Tungsten Automation’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2009-09-07
Target 170 Systems
Sector Software
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition
Deal Value 43M USD
Advisor(s) Shea & Company (Financial)

Target

170 Systems

Bedford, Massachusetts, United States
170 Systems, a privately-held company based in Bedford, Massachusetts, was a leading provider of financial process optimization software applications

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Buyer(S) 1

Buyer

Tungsten Automation

Irvine, California, United States
Category Company
Founded 1985
Sector Information Technology
Revenue 290M USD (2013)
DESCRIPTION

Tungsten Automation provides an intelligent automation software platform and solutions to enable organizations to digitally transform content-intensive workflows. The company supports customers in realizing faster time-to-value and increased competitiveness, growth, and profitability by combining Kofax’s cognitive capture, robotic process automation, process orchestration, analytics, and mobile capabilities while helping increase business resiliency and mitigating compliance risk. Tungsten Automation was formed in 1985 and is headquartered in Irvine, California.

DEAL STATS #
Overall 2 of 15
Sector (Software) 1 of 9
Type (Add-on Acquisition) 2 of 14
State (Massachusetts) 1 of 2
Country (United States) 1 of 7
Year (2009) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-26 Ebydos AG

Frankfurt, Germany

Ebydos is a German SAP specialist.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 Singularity Limited

Derry, United States

Singularity Limited is a provider of business process management (BPM) software and case management solutions.

Buy $48M
Mergr

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