M&A Deal Summary

WatchGuard Acquires Qiave Technologies

On October 4, 2000, WatchGuard acquired software company Qiave Technologies from JMI Equity

Acquisition Highlights
  • This is WatchGuard’s 1st transaction in the Software sector.
  • This is WatchGuard’s 1st transaction in the United States.
  • This is WatchGuard’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2000-10-04
Target Qiave Technologies
Sector Software
Buyer(s) WatchGuard
Sellers(s) JMI Equity
Deal Type Add-on Acquisition

Target

Qiave Technologies

Waltham, Massachusetts, United States
Qiave Technologies Corp. is a provider of next-generation computer security technology. Qiave's software aims to move the state of the art from intrusion detection to intrusion protection, enabling customers to proactively prevent damage to their vital corporate assets.

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Buyer(S) 1

Buyer

WatchGuard

Seattle, Washington, United States

website


Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

WatchGuard provides network security. The company’s Firebox X family of upgradeable appliances delivers the performance, functionality and security strength to meet the needs of small and medium sized organizations. All WatchGuard products include a LiveSecurity Service subscription for vulnerability alerts, software updates, expert security instruction, as well as individualized and self-help customer care. WatchGuard was founded in 1996 and is based in Seattle, WA, with offices throughout Europe and Asia.


DEAL STATS #
Overall 1 of 6
Sector (Software) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Massachusetts) 1 of 2
Country (United States) 1 of 4
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-04 BorderWare Technologies

Mississauga, Ontario, Canada

BorderWare Technologies, Inc. is an e-mail and web security developer.

Buy -

Seller(S) 1

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


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 $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 10 of 104
Sector (Software) 6 of 54
Type (Add-on Acquisition) 6 of 66
State (Massachusetts) 1 of 10
Country (United States) 10 of 92
Year (2000) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Silicon Energy

Alameda, California, United States

Silicon Energy Corp. is a provider of energy management software to reduce energy usage and lower energy costs. This software is used for aggregating "negawatts" or load shedding and for integrating Distributed Generation into the electric grid.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 National Bankcard Association

San Diego, California, United States

National Bankcard Association is an independent service organization that markets and services electronic credit card processing and payments systems to small retail, wholesale and professional businesses.

Sell -