M&A Deal Summary |
|
|---|---|
| Date | 2020-09-29 |
| Target | SaltStack |
| Sector | Software |
| Buyer(s) | VMware |
| Sellers(s) | Mercato Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Internet Software and Services |
| Revenue | 12.9B USD (2022) |
VMware is a provider of technologies designed to establish secure and reliable IT environments and address a range of complex IT challenges that include cost reduction, operational inefficiencies, access to cloud computing capacity, business continuity and corporate end-user computing device management. VMware's solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed. These internal computing infrastructures can be dynamically extended by customers to the public cloud environment. VMware was formed in 1998 and is based in Palo Alto, California.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 44 |
| Sector: Software M&A | 17 of 17 |
| Type: Add-on Acquisition M&A Deals | 42 of 42 |
| State: Utah M&A | 1 of 1 |
| Country: United States M&A | 40 of 40 |
| Year: 2020 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-06-04 |
Lastline
San Mateo, California, United States Lastline, Inc. provides AI-powered network security products that detect and defeat advanced cyberattacks attempting to enter and operating within your network. Lastline protects network, email, cloud, and web infrastructures, minimizing the risk of damaging and costly data breaches with fewer resources and at lower cost. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2007 |
| Size | Small |
| Type | Sector Agnostic |
Mercato Partners is a private equity firm focused on later stage growth capital financings. Mercato generally targets minority investments in high growth technology and consumer businesses with $5 to $50 million in annual sales. The Firm looks for profitable, US-based companies where additional capital can help continue expansion opportunities. Mercato Partners is based in Salt Lake City, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 14 |
| Sector: Software M&A | 2 of 4 |
| Type: Add-on Acquisition M&A Deals | 7 of 8 |
| State: Utah M&A | 8 of 9 |
| Country: United States M&A | 10 of 13 |
| Year: 2020 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-09-18 |
CradlePoint
Boise, Idaho, United States Founded in 2006, Cradlepoint provides wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-10 |
Venafi
Salt Lake City, Utah, United States Venafi is a cybersecurity software platform that monitors, protects, and remediates an enterprise’s keys and certificates, which are required for secure communication, commerce, and mobility. Venafi provides its Global 5000 enterprise customers the ability to orchestrate the complete life cycle of all machine identity types, including TLS/SSL and SSH keys, and code-signing certificates. Venafi was founded in 2000 and is based in Salt Lake City, Utah. |
Sell | - |
