M&A Deal Summary

Witness Systems Acquires Blue Pumpkin Software

On January 25, 2005, Witness Systems acquired software company Blue Pumpkin Software from Needham Capital Partners for 75M USD

Acquisition Highlights
  • This is Witness Systems’ 1st transaction in the Software sector.
  • This is Witness Systems’ largest (disclosed) transaction.
  • This is Witness Systems’ 1st transaction in the United States.
  • This is Witness Systems’ 1st transaction in California.

M&A Deal Summary
Date 2005-01-25
Target Blue Pumpkin Software
Sector Software
Buyer(s) Witness Systems
Sellers(s) Needham Capital Partners
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Blue Pumpkin Software

Sunnyvale, California, United States
Blue Pumpkin Software, Inc. is a provider of work-force optimization software for the strategic planning and management of contact center personnel.

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Buyer(S) 1

Buyer

Witness Systems

Roswell, Georgia, United States
Category Company
Sector Software
DESCRIPTION

Witness Systems is a provider of business-rules-driven software for digital recording and evaluation of contact center customer interactions and Internet communications.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Needham Capital Partners

New York, New York, United States
Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.

DEAL STATS #
Overall 32 of 55
Sector (Software) 10 of 17
Type (Add-on Acquisition) 14 of 31
State (California) 17 of 29
Country (United States) 31 of 54
Year (2005) 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-14 Athena Semiconductor

Fremont, California, United States

Athena Semiconductor, Inc. is a fabless IC company specializing in CMOS radio transceiver IC products addressing rapidly growing wireless broadband communications and convergence markets delivering video, audio and data.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Kanisa

Cupertino, California, United States

Kanisa, Inc. is a provider of customer service applications.

Sell -
Mergr

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