M&A Deal Summary

UNICOM Systems Acquires Network Engines

On September 19, 2012, UNICOM Systems acquired information technology company Network Engines from HarbourVest Partners for 63M USD

Acquisition Highlights
  • This is UNICOM Systems’ 2nd transaction in the Information Technology sector.
  • This is UNICOM Systems’ largest (disclosed) transaction.
  • This is UNICOM Systems’ 2nd transaction in the United States.
  • This is UNICOM Systems’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2012-09-19
Target Network Engines
Sector Information Technology
Buyer(s) UNICOM Systems
Sellers(s) HarbourVest Partners
Deal Type Add-on Acquisition
Deal Value 63M USD
Advisor(s) Needham & Co. LLC (Financial)

Target

Network Engines

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

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Buyer(S) 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 STATS #
Overall 2 of 4
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 2 of 2
Country (United States) 2 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 iET Solutions

Framingham, Massachusetts, United States

iET Solutions LLC develops and supports award-winning software applications for the IT service management market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-07 U.S. Robotics

Schaumburg, Illinois, United States

U.S. Robotics is a producer and distributor of broadband and analog modems, and wired and wireless networking solutions. U.S. Robotics was formed in 1976 and is based in Schaumburg, Illinois.

Buy -

Seller(S) 1

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 35 of 130
Sector (Information Technology) 5 of 18
Type (Add-on Acquisition) 10 of 57
State (Massachusetts) 3 of 6
Country (United States) 18 of 83
Year (2012) 6 of 7
Size (of disclosed) 38 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-20 MSC Group

Jacksonville, Florida, United States

MSC Group, Inc (Formely Medical Services Company)based in Jacksonville, Florida, is one of the largest providers in the U.S. of medical products and services to workers' compensation patients on behalf of insurance carriers, third party administrators, and government agencies. MSC's revenues are in excess of $150 million. MSC has a diversified customer base that includes eighteen of the twenty largest workers' compensation insurance carriers. Over the past 15 years, MSC has developed an integrated nationwide healthcare distribution system which allows its customers to better control the costs of medical product claims.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 Secure-24 Intermediate Holdings

Southfield, Michigan, United States

Secure-24 Intermediate Holdings, Inc. is a provider of managed IT operations, hosting and cloud services, providing highly available environments and expert management and support for your business critical applications. Secure-24 Intermediate Holdings, Inc. was established in 2001 and is based in Southfield, Michigan.

Buy -
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