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  6. Vurv Technology Acquires People Business Network

M&A Deal Summary

Vurv Technology Acquires People Business Network

On January 16, 2007, Vurv Technology acquired business services company People Business Network from Trident Capital

Acquisition Highlights
  • This is Vurv Technology’s 2nd transaction in the Business Services sector.
  • This is Vurv Technology’s 2nd transaction in the United States.
  • This is Vurv Technology’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-01-16
Target People Business Network
Sector Business Services
Buyer(s) Vurv Technology
Sellers(s) Trident Capital
Deal Type Add-on Acquisition
Advisor(s) Needham & Company (Financial)

Target

People Business Network

Jacksonville, Florida, United States
People Business Network, Inc. (PBN), headquartered in Somerville, NJ operates in the workforce management space, specializing in Web-based Workforce Alignment solutions helping companies make the right decisions on whom to retain, whom to re-deploy and whom to separate. These solutions replace existing manual processes resulting in increased decision quality and assurance of regulatory compliance while significantly reducing administration, errors and decision time representing substantial return on investment.

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Buyer(S) 1

Buyer

Vurv Technology

Jacksonville, Florida, United States
Category Company
Founded 1996
Sector Software
DESCRIPTION

Vurv Technology develops and sells web-based workforce management software and services, with a focus on recruiting automation software solutions.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-29 HRTools.com

United States

HRTools.com is a provider of desktop products and web portals related to job descriptions, performance reviews, personnel policies and procedures, and corresponding intellectual property.

Sell -

Seller(S) 1

SELLER

Trident Capital

San Mateo, California, United States
Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.

DEAL STATS #
Overall 33 of 86
Sector: Business Services M&A 7 of 13
Type: Add-on Acquisition M&A Deals 27 of 63
State: Florida M&A 1 of 3
Country: United States M&A 32 of 81
Year: 2007 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-12 Sabre

Southlake, Texas, United States

Sabre is a technology software provider to the travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre was formed in 2006 and is based in Southlake, Texas.

Buy $5.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-15 PivotLink

San Francisco, California, United States

PivotLink, formerly SeaTab Software, is the provider of business intelligence solutions that meet the needs of organizations in a variety of industries.

Buy -
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