Investment Summary

Updata Partners and GIMV Invest In RES Software BV

On June 30, 2009, growth capital firm Updata Partners and private equity firm GIMV invested in software company RES Software BV

Investment Highlights
  • This is Updata Partners’ 15th and GIMV’s 9th transaction in the Software sector.
  • This is Updata Partners’ 1st and GIMV’s 18th transaction in the Netherlands.
Investment Fate
  • RES Software BV was sold to a strategic buyer in 2017.

Investment Summary

Date 2009-06-30
Target RES Software BV
Sector Software
Investor(s) Updata Partners
GIMV
Deal Type Venture

Target

RES Software BV

s-Hertogenbosch, Netherlands
RES Software BV is a provider of User Workspace Management software enabling business, government and education customers to efficiently compose, deliver and manage personalized and secure user desktop workspaces for their customers. RES Software's Workspace Management products bridge the gap between traditional desktop management, thin clients and virtual desktops.

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Investor(S) 2

Investor

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $150 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.


DEAL STATS #
Overall 29 of 68
Sector: Software M&A 15 of 33
Type: Venture M&A Deals 20 of 43
Country: Netherlands M&A 1 of 2
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-29 CMWare

Plainsboro, New Jersey, United States

CMWare, Inc. develops world class technology and services that provide individuals with remote access to content, media and applications residing on their PCs for entertainment and business purposes. CMWare's PC place-shifting solutions create value-added data services revenue streams and enhance subscriber loyalty for mobile carriers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-07 Everest Software

Dulles, Virginia, United States

Everest Software specializes in business enterprise solutions for small to mid-size firms with 1 to 1000 employees in retail, wholesale, distribution, mail order, service, and e-commerce. Everest Software was founded in 1994 and is based in Dulles, Virginia.

Sell -
Investor

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 54 of 170
Sector: Software M&A 9 of 14
Type: Venture M&A Deals 14 of 39
Country: Netherlands M&A 18 of 42
Year: 2009 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-09 Claymount Assemblies BV

Dinxperlo, Netherlands

Claymount Assemblies BV is a manufacturer of high-voltage cable connection systems and system components for X-ray equipment manufacturers serving both healthcare and industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 VCST Industrial Products N.V.

St.-Truiden, Belgium

VCST Industrial Products N.V. is a designer and producer of precision gears for engines and transmissions, transmission shafts and brake system components, for cars, trucks as well as off-road vehicles.

Buy -