M&A Deal Summary |
|
|---|---|
| Date | 2023-04-03 |
| Target | UserZoom |
| Sector | Information Technology |
| Buyer(s) | UserTesting |
| Sellers(s) |
Thoma Bravo
Sunstone Partners |
| Deal Type | Merger |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Internet Software and Services |
| Revenue | 147M USD (2021) |
UserTesting is a video-based human insight that taps into a client's global network of real people and generates video-based recorded experiences, so anyone in an organization can directly ask questions, hear what users say, see what they mean, and understand what it’s actually like to be a customer. The company reduces guesswork and brings customer experience data to life with human insight. It has more than 2,500 customers, including more than half of the world’s top 100 most valuable brands according to Forbes. UserTesting was founded in 2007 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Information Technology) | 1 of 1 |
| Type (Merger) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-19 |
Teston AS
Oslo, Norway Teston AS is a European provider of multilingual experience testing for fast customer feedback. Teston AS hide behind excuses about little time, small budgets, challenging tester recruitment, and full calendars. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 70 of 82 |
| Sector (Information Technology) | 19 of 23 |
| Type (Merger) | 9 of 10 |
| State (California) | 20 of 22 |
| Country (United States) | 65 of 76 |
| Year (2023) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-20 |
Magnet Forensics
Waterloo, Ontario, Canada Magnet Forensics is a developer of digital investigation software that acquires, analyzes, reports on, and manages evidence from digital sources, including computers, mobile devices, IoT devices, and cloud services. Its software is used by more than 4,000 public and private sector customers in over 90 countries and helps investigators fight crime, protect assets and guard national security. Magnet Forensics was founded in 2010 and is headquartered in Waterloo, Ontario. |
Buy | CA$1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-12 |
Adenza
New York, New York, United States Adenza provides customers with end-to-end, trading, treasury, risk management, and regulatory compliance platforms which can be delivered on-premise or on-cloud. It enables financial institutions to consolidate and streamline their operations with front-to back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. Adenza is based in New York, New York. |
Sell | $10.5B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2015 |
| PE ASSETS | 1.7B USD |
| Size | Large |
| Type | Sector Focused |
Sunstone Partners is a private investment firm focused on growth equity investments in and majority buyouts of tech companies. The Firm targets opportunities throughout North American and seeks businesses with at least $20 million in revenues and at least 20% of yearly growth. Sunstone Partners was formed in 2015 from a team that previously worked together at Trident Capital. The Firm is based in San Mateo, California.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Information Technology) | 2 of 3 |
| Type (Merger) | 1 of 1 |
| State (California) | 2 of 2 |
| Country (United States) | 3 of 5 |
| Year (2023) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-27 |
UserTesting
San Francisco, California, United States UserTesting is a video-based human insight that taps into a client's global network of real people and generates video-based recorded experiences, so anyone in an organization can directly ask questions, hear what users say, see what they mean, and understand what it’s actually like to be a customer. The company reduces guesswork and brings customer experience data to life with human insight. It has more than 2,500 customers, including more than half of the world’s top 100 most valuable brands according to Forbes. UserTesting was founded in 2007 and is based in San Francisco, California. |
Buy | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-14 |
EverService
Phoenix, Arizona, United States EverService is a provider of tech-enabled business solutions for companies of all sizes, helping them to grow and scale with digital marketing, website design & development, scheduling & booking services, 24/7 answering services, inbound & outbound sales, live virtual receptionists, client & patient intake, and IT services. EverService is based in Phoenix, Arizona. |
Buy | - |
