Add-on Acquisition • Software

XY-Mobile Technologies Acquires Bonsai Networks

On September 3, 2004, XY-Mobile Technologies acquired software company Bonsai Networks from Peepul Capital

Acquisition Context
  • This is XY-Mobile Technologies’ 1st transaction in the Software sector.
  • This is XY-Mobile Technologies’ 1st transaction in the United States.
  • This is XY-Mobile Technologies’ 1st transaction in Virginia.

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M&A Deal Summary

Date September 3, 2004
Target Bonsai Networks
Sector Software
Buyer(s) XY-Mobile Technologies
Sellers(s) Peepul Capital
Deal Type Add-on Acquisition

Target Company

Bonsai Networks

Herndon, Virginia, United States
Bonsai Networks, Inc. ("Bonsai") has created a software system that allows telecom service providers to commercialize and manage public Wi-Fi services including "hotspots" and related services and support.
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Buyer Overview 1

Buyer

XY-Mobile Technologies

Herndon, Vermont, United States

Category Company
Sector Software
DESCRIPTION

XY-Mobile Technologies, Inc. is a provider of software application development and consultancy services to mobile operators, wireless hardware vendors, governments, and corporations.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2004 1 of 1

Seller Profile 1

SELLER

Peepul Capital


Category Growth Capital Firm
Founded 2000
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peepul Capital is an India-focused private equity firm focused on promising early-stage, expansion-stage and restructuring/buyout opportunities. Peepul looks to invest $15 to $35 million per transaction. The Firm prefers 'asset light', scalable businesses with products and services targeting the Indian consumer. Peepul was formed in 2000 and maintains its investment offices in Chennai and Hyderabad.


Deal Context for Seller #
Overall 2 of 12
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 8
State: Virginia 1 of 1
Country: United States 1 of 3
Year: 2004 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 DQ Entertainment

Hyderabad, India

DQ Entertainment is a animation, gaming, live action entertainment, production and distribution company with amongst the largest animation production capacity for Television, Feature Films, Home Video, Online Game Art, Visual Effects, mobile and next generation console games. DQ Entertainment was founded in 2007 and is headquartered in Hyderabad, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Visage Images

Hyderabad, India

Visage Images seeks to define, create and edit localized stock images and footage in addition to building a robust distribution pipeline. It is one of the dominant players, supplying imagery to the creative industry, with a focus on the South Asian markets. Visage Images is based in Hyderabad.

Buy -