M&A Deal Summary

Tungsten Automation Acquires Altosoft

On March 1, 2013, Tungsten Automation acquired software company Altosoft for 14M USD

Acquisition Highlights
  • This is Tungsten Automation’s 4th transaction in the Software sector.
  • This is Tungsten Automation’s 7th largest (disclosed) transaction.
  • This is Tungsten Automation’s 3rd transaction in the United States.
  • This is Tungsten Automation’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2013-03-01
Target Altosoft
Sector Software
Buyer(s) Tungsten Automation
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

Altosoft

Media, Pennsylvania, United States
Altosoft, Inc. is a developer of business intelligence and analytics software.

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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 5 of 15
Sector (Software) 4 of 9
Type (Add-on Acquisition) 5 of 14
State (Pennsylvania) 1 of 1
Country (United States) 3 of 7
Year (2013) 1 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-15 foxray AG

Norderstedt, Germany

foxray is a developer of Business Process Automation solutions based in Germany. foxray’s global integration platform enables digitalization of entire corporate information flows.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 Expert Systems Development Svenska AB

Täby, Sweden

Expert Systems Development Svenska AB (Expert Systems) is a supplier of SaaS solutions (Software as a Service) for electronic business. Expert Systems has one of the leading cloud based networks for exchanging e-invoices and other electronic documents in Sweden.

Buy -
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