Add-on Acquisition • Information Technology

UNICOM Systems Acquires iET Solutions

On September 30, 2011, UNICOM Systems acquired information technology company iET Solutions from Platinum Equity

Acquisition Context
  • This is UNICOM Systems’ 1st transaction in the Information Technology sector.
  • This is UNICOM Systems’ 1st transaction in the United States.
  • This is UNICOM Systems’ 1st transaction in Massachusetts.

Explore All 9664 Add-on Acquisition Information Technology Deals - Search the Database Free


M&A Deal Summary

Date September 30, 2011
Target iET Solutions
Sector Information Technology
Buyer(s) UNICOM Systems
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition

Target Company

iET Solutions

Framingham, Massachusetts, United States
iET Solutions LLC develops and supports award-winning software applications for the IT service management market.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

UNICOM Systems

Mission Hills, California, United States

Category Company
Sector Software
DESCRIPTION

UNICOM® Systems, Inc. is a global information technology company delivering world-class solutions for the enterprise computing marketplace. Our extensive client portfolio includes Fortune 500 and Global 2000 corporations, and federal, state and local government organizations who use our end-to-end solution suites in datacenters on six continents.


Deal Context for Buyer #
Overall 1 of 4
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 1 of 3
State: Massachusetts 1 of 2
Country: United States 1 of 4
Year: 2011 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-19 Network Engines

Canton, Massachusetts, United States

NEI: Provider of server appliance products and services for storage, security, and communications software vendors.

Buy $63M

Seller Profile 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


Deal Context for Seller #
Overall 15 of 86
Sector: Information Technology 4 of 7
Type: Add-on Acquisition 8 of 42
State: Massachusetts 2 of 3
Country: United States 12 of 71
Year: 2011 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-09 Quark Software

Grand Rapids, Michigan, United States

Quark Software is a developer of content automation platform that helps large organizations streamline the creation, management, publishing, and delivery of business-critical content. Their solutions automate the process with reusable Smart Content components that can be dynamically assembled and delivered with precision in any format and to any channel — web, tablet, mobile, print, and more. Quark Software was founded in 1981 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 AEES

Farmington Hills, Michigan, United States

AEES, Inc. provides wire harness and electrical distribution products to major domestic and international automotive original equipment manufacturers and tier-one suppliers.

Sell -