M&A Deal Summary

Varian Medical Systems Acquires Argus Software

On January 16, 2002, Varian Medical Systems acquired software company Argus Software

Acquisition Highlights
  • This is Varian Medical Systems’ 1st transaction in the Software sector.
  • This is Varian Medical Systems’ 1st transaction in the United States.
  • This is Varian Medical Systems’ 1st transaction in Texas.
Investment Fate
  • Argus Software was divested to a consortium of buyers in 2006.
  • Argus Software was divested to a consortium of buyers in 2011 for 130M USD.

M&A Deal Summary
Date 2002-01-16
Target Argus Software
Sector Software
Buyer(s) Varian Medical Systems
Deal Type Add-on Acquisition

Target

Argus Software

Houston, Texas, United States
website
ARGUS Software, Inc.,a financial technology solutions provider for commercial real estate asset valuation and operations management. ARGUS provides software and services to major commercial real estate companies, enabling them to better manage the financial and operational performance of their real estate portfolios and to improve the flow of information throughout their critical business processes.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Varian Medical Systems

Palo Alto, California, United States

website

Category Company
Founded 1948
Sector Medical Products
Revenue 3.2B USD (2020)
DESCRIPTION
Varian's corporate headquarters in Palo Alto, California.
Varian's corporate headquarters in Palo Alto, California.

Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems was formed in 1948 and is based in Palo Alto, California.

DEAL STATS #
Overall 1 of 25
Sector (Software) 1 of 6
Type (Add-on Acquisition) 1 of 22
State (Texas) 1 of 3
Country (United States) 1 of 13
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-13 Zmed

Ashland, Massachusetts, United States

Zmed, Inc. is a privately-held and rapidly-growing supplier of radiation oncology software and accessories for ultrasound-based, image-guided radiotherapy (IGRT), stereotactic radiation treatments, and image management.

Buy $36M
Mergr

Product

Company

Legal