Divestiture • Software

Vista Equity Partners Acquires Brainware

On February 1, 2006, private equity firm Vista Equity Partners acquired software company Brainware from SER Solutions

Acquisition Context
  • This is Vista Equity Partners’ 1st transaction in the Software sector.
  • This is Vista Equity Partners’ 7th transaction in the United States.
  • This is Vista Equity Partners’ 2nd transaction in Virginia.
Investment Fate
  • Brainware was sold to a publicly-traded strategic buyer in 2012 for 148M USD.

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M&A Deal Summary

Date February 1, 2006
Target Brainware
Sector Software
Buyer(s) Vista Equity Partners
Sellers(s) SER Solutions
Deal Type Divestiture

Target Company

Brainware

Ashburn, Virginia, United States
Brainware, Inc. is a provider of intelligent data capture and enterprise search solutions.
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Buyer Overview 1

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 9 of 158
Sector: Software 1 of 63
Type: Divestiture 1 of 12
State: Virginia 2 of 6
Country: United States 7 of 144
Year: 2006 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Famosa

Alicante, Spain

Famosa designs, develops, manufactures and distributes toys throughout the world. The company owns and has developed several well known and successful brands including Nenuco, Barriguitas, Nancy, Jaggets, Pin y Pon and Feber. Famosa also has licensing agreements to develop, manufacture and design toys with some of the world’s largest entertainment and sports companies.

Buy €130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-13 Surgical Information Systems

Alpharetta, Georgia, United States

Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.

Buy -

Seller Profile 1

SELLER

SER Solutions

Dulles, Virginia, United States

Category Company
Founded 1980
Sector Business Services
DESCRIPTION

SER Solutions delivers unsurpassed contact center management solutions to support business activities such as planned and proactive customer care, telemarketing, collections, fundraising, emergency notifications, and political calling. SER's solutions enable enterprises to turn customers into loyal, long-term sources of recurring revenue by generating increased customer loyalty, expanding up-sell and cross-sell opportunities, maximizing agent productivity, and reducing costs. The company is headquartered in Dulles, Virginia with operations in North America, Europe, and Asia Pacific.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2006 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-24 VorTecs

Shelton, Connecticut, United States

VorTecs Ltd. specializes in voice recognition technology.

Buy -