M&A Deal Summary

Vista Equity Partners Acquires Omnitracs

On August 23, 2013, private equity firm Vista Equity Partners acquired software company Omnitracs from Qualcomm for 800M USD

Acquisition Highlights
  • This is Vista Equity Partners’ 18th transaction in the Software sector.
  • This is Vista Equity Partners’ 23rd largest (disclosed) transaction.
  • This is Vista Equity Partners’ 33rd transaction in the United States.
  • This is Vista Equity Partners’ 8th transaction in Texas.
Investment Fate
  • Omnitracs was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2013-08-23
Target Omnitracs
Sector Software
Buyer(s) Vista Equity Partners
Sellers(s) Qualcomm
Deal Type Divestiture
Deal Value 800M USD

Target

Omnitracs

Dallas, Texas, United States
website
Omnitracs is a provider of fleet management software applications, information services, and hardware platforms. The company’s intuitive technologies, including solutions for safety and compliance, fuel efficiency, driver retention, GPS fleet tracking, and fleet maintenance, enable its customers to solve common fleet problems and achieve their business objectives. Omnitracs pioneered the fleet telematics industry over 25 years ago and continues to serve over 2,500 private and for-hire fleet customers and more than 270,000 vehicles throughout North American and Latin America. Omnitracs was founded in 1988 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 37 of 143
Sector (Software) 18 of 58
Type (Divestiture) 7 of 12
State (Texas) 8 of 22
Country (United States) 33 of 131
Year (2013) 5 of 7
Size (of disclosed) 23 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-22 Naviga

Bloomington, Minnesota, United States

Naviga provides a broad range of technology solutions for the global news media industry, including content management, digital advertising, circulation and audience relationship management. The Company’s innovative solutions and professional services help media organizations engage audiences through web, print, mobile and social media channels. Naviga helps more than 2,500 clients around the world compete for audience and revenue across the entire media landscape. Naviga was formed in 2013 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 The Active Network

San Diego, California, United States

The Active Network, Inc. is a provider of cloud-based activity and participant management solutions serving a wide range of customer groups including business solutions, community activities, the public sector and outdoors and sports. The Active Network provides applications that form an online network connecting a fragmented and diverse group of activity and event organizers with a large base of potential participants. The Company's technology platform helps organizers manage their activities and events by automating online registrations and streamlining other critical management functions. The Active Network, Inc. was formed in 1998 and is based in San Diego, California.

Buy $1.1B

Seller(S) 1

SELLER

Qualcomm

San Diego, California, United States

website


Category Company
Founded 1985
Sector Semiconductors
Employees41,000
Revenue 23.5B USD (2020)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.


DEAL STATS #
Overall 2 of 5
Sector (Software) 1 of 1
Type (Divestiture) 2 of 5
State (Texas) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-24 DesignArt Networks

Raanana, Israel

DesignArt Networks Ltd. is a provider of System-on-Chip solutions for the next generation of mobile broadband wireless networks, and is dedicated to meeting its challenges - cost, development time and flexibility.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 Omnitracs Europe B.V.

LA Waalre, Netherlands

Omnitracs Europe provides telematics services to the transport and logistics industry. The Company enables more cost effective fleet management by providing real-time business insights for transport and logistics companies of all sizes.

Sell -