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M&A Deal Summary

Eptura Acquires Condeco Software

On October 4, 2022, Eptura acquired software company Condeco Software from Thoma Bravo and JMI Equity

Acquisition Highlights
  • This is Eptura’s 2nd transaction in the Software sector.
  • This is Eptura’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-10-04
Target Condeco Software
Sector Software
Buyer(s) Eptura
Sellers(s) Thoma Bravo
JMI Equity
Deal Type Merger

Target

Condeco Software

London, United Kingdom
Condeco Software is a provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration. Condeco Software was founded in 2005 and is based in London.

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Buyer(S) 1

Buyer

Eptura

Atlanta, Georgia, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Eptura is a global worktech company that provides software solutions for people, workplaces and assets to enable everyone to reach their full potential. With millions of users across 115+ countries, Eptura is trusted by more than 16,000 companies to realize a better future at work. Eptura is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Merger) 3 of 3
Country (United Kingdom) 1 of 1
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 iOFFICE

Houston, Texas, United States

iOFFICE is a provider of enterprise workplace SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. iOFFICE is based in Houston, Texas.

Buy -

Seller(S) 2

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 68 of 82
Sector (Software) 29 of 34
Type (Merger) 8 of 10
Country (United Kingdom) 1 of 1
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 iOFFICE

Houston, Texas, United States

iOFFICE is a provider of enterprise workplace SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. iOFFICE is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 ForgeRock

San Francisco, California, United States

ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California.

Buy $2.3B
SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $25 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 105 of 107
Sector (Software) 54 of 55
Type (Merger) 6 of 6
Country (United Kingdom) 3 of 3
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 ARCHIBUS

Boston, Massachusetts, United States

ARCHIBUS is an Integrated Workplace Management System (IWMS) platform that leads the global marketplace in applying comprehensive technology solutions and services to manage your built-environment. ARCHIBUS’ worldwide Federated Ecosystem enables organizations across the globe to consolidate systems onto a single integrated platform for all the data, planning and operations of real estate, infrastructure, and facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Visiting Media

Carlton, Oregon, United States

Visiting Media is a provider of visual sales and marketing solutions for the hospitality and event industries, offering cutting-edge tools designed to open new revenue channels, increase pipeline velocity and promote their customers' spaces throughout the full buying cycle. Visiting Media is based in Carlton, Oregon.

Buy -
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