Add-on Acquisition • Internet Software and Services

WB Games Acquires Turbine

On April 1, 2010, WB Games acquired internet software and services company Turbine from Spring Lake Equity Partners

Acquisition Context
  • This is WB Games’ 1st transaction in the Internet Software and Services sector.
  • This is WB Games’ 2nd transaction in the United States.
  • This is WB Games’ 1st transaction in Massachusetts.

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M&A Deal Summary

Date April 1, 2010
Target Turbine
Sector Internet Software and Services
Buyer(s) WB Games
Sellers(s) Spring Lake Equity Partners
Deal Type Add-on Acquisition

Target Company

Turbine

Needham, Massachusetts, United States
Turbine is a developer and operator of massive multiplayer online games (MMOG) for personal computers.
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Buyer Overview 1

Buyer

WB Games

Kirkland, Washington, United States

Category Company
Founded 1994
Sector Internet Software and Services
DESCRIPTION

WB Games, Inc. is a developer of computer games.


Deal Context for Buyer #
Overall 2 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Massachusetts 1 of 1
Country: United States 2 of 2
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-10 Surreal Software

Seattle, Washington, United States

Surreal Software, Inc. is a designer and developer of video game software.

Buy -

Seller Profile 1

DESCRIPTION

Spring Lake Equity Partners is a private venture capital firm focused on later-stage technology company investments. The Firm looks to invest $7 to $15 million in growth-oriented companies with up to $100 million in revenue. Specific areas of interest include software, digital media, mobile, data center infrastructure, healthcare IT, and business/financial services. Spring Lake Equity was formed in 2013 after spinning-off from Tudor Investment Corporation. The Firm is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 23 of 39
Sector: Internet Software and Services 3 of 6
Type: Add-on Acquisition 12 of 23
State: Massachusetts 4 of 6
Country: United States 23 of 38
Year: 2010 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Chordiant Software

Cupertino, California, United States

Chordiant Software, Inc. provides software and services that allow customer call centers, specifically customer service representatives, to conduct a customized quality interaction with a customer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-11 Vantrix

Montreal, Quebec, Canada

Vantrix Corp. provides media processing software that enables video service providers to meet growing demands for video on multiple screens at competitive prices. Vantrix's Media Platform combines ultra-high-density performance with virtualized architecture, allowing media companies the cost savings and flexibility they need to thrive despite the rapidly evolving video industry. Vantrix was established in 2004 and is based in Montreal, Quebec.

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