M&A Deal Summary

VeriSign Acquires Jamba AG

On May 25, 2004, VeriSign acquired communications company Jamba AG from Summit Partners for 273M USD

Acquisition Highlights
  • This is VeriSign’s 2nd transaction in the Communications sector.
  • This is VeriSign’s 5th largest (disclosed) transaction.
  • This is VeriSign’s 1st transaction in Germany.

M&A Deal Summary

Date 2004-05-25
Target Jamba AG
Sector Communications
Buyer(s) VeriSign
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 273M USD
Advisor(s) GTK Partners (Financial)

Target

Jamba AG

Berlin, Germany
Jamba AG is a wireless content and services provider.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

VeriSign

Reston, Virginia, United States

Category Company
Founded 1995
Sector Information Technology
Employees907
Revenue 1.6B USD (2024)
DESCRIPTION
Entrance to VerSign's corporate headquarters in Reston, Virginia.
Entrance to VerSign's corporate headquarters in Reston, Virginia.

VeriSign provides domain name registry services to power the navigation of the Internet by operating a global infrastructure for a portfolio of top-level domains that includes .com, .net, .tv, .edu, .gov, .jobs, .name and .cc as well as two of the world’s 13 Internet root servers. The company's product suite also includes Network Intelligence and Availability Services, consisting of Distributed Denial of Service Protection Services, Verisign iDefense Security Intelligence Services and Managed Domain Name System Services. VeriSign was formed in 1995 and is based in Reston, Virginia.


DEAL STATS #
Overall 8 of 17
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 17
Country: Germany M&A 1 of 1
Year: 2004 M&A 2 of 2
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-26 Guardent

Waltham, Massachusetts, United States

Guardent, Inc., a managed security service provider (MSSP). Guardent, of Waltham, Massachusetts, offers a variety of security services for its customers, including managed firewall, VPN (virtual private network), and IDS (intrusion detection system) services. The company also offers consulting services such as vulnerability assessments, computer forensics and network architecture reviews.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-10 LightSurf Technologies

Santa Cruz, California, United States

LightSurf a provider in multimedia messaging and interoperability solutions for the wireless market. The company’s industry-leading technology platform enables mobile subscribers to exchange pictures, video, and other forms of multimedia content.

Buy $270M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 98 of 294
Sector: Communications M&A 7 of 16
Type: Add-on Acquisition M&A Deals 43 of 131
Country: Germany M&A 1 of 8
Year: 2004 M&A 5 of 12
Size (of disclosed) 23 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-20 EMED Co.

Williamsville, New York, United States

EMED is a direct marketer and manufacturer of safety signage and related products to industrial, government, and other commercial customers.

Sell $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 NxTrend Technology

Colorado Springs, Colorado, United States

NxTrend Technology, Inc. is a supplier of enterprise-wide software solutions for supply-chain management.

Sell -