M&A Deal Summary

Xura Acquires Acision

On June 15, 2015, Xura acquired information technology company Acision from Atlantic Bridge, HarbourVest Partners and Access Industries for 135M USD

Acquisition Highlights
  • This is Xura’s 1st transaction in the Information Technology sector.
  • This is Xura’s 3rd largest (disclosed) transaction.
  • This is Xura’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-06-15
Target Acision
Sector Information Technology
Buyer(s) Xura
Sellers(s) Atlantic Bridge
HarbourVest Partners
Access Industries
Deal Type Add-on Acquisition
Deal Value 135M USD

Target

Acision

Reading, United Kingdom
website
Acision Ltd. is a provider of converged mobile messaging solutions for text and multimedia messaging for 300 customers, who serve over 1 billion consumers worldwide. They also provide voice and video mail services and are a leading provider of intelligent payment solutions for both pre- and post-paid users, and innovative products for content and media and customer intelligence management that offers real-time analysis of customer behaviour.

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Buyer(S) 1

Buyer

Xura

Wakefield, Massachusetts, United States

website


Category Company
Founded 1997
Sector Information Technology
Employees3,000
Revenue 477M USD (2015)
DESCRIPTION

Xura is a provider of IT solutions to global communications across a variety of mobile devices and platforms. The company helps communication service providers (CSPs) and enterprises navigate and monetize the digital ecosystem to create innovative, new experiences through our cloud-based offerings. Xura was founded in 1997 and is based in Wakefield, Massachusetts.


DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Solaiemes SL

Madrid, Spain

Solaiemes SL is a provider of end-to-end platform for service monetization of IP based digital services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Comverse - Business Support Systems Assets

United States

Comverse - Business Support Systems (BSS) Assets includes converged, prepaid, postpaid and Kenan billing assets.

Sell $273M

Seller(S) 3

SELLER
DESCRIPTION

Atlantic Bridge is a growth capital firm focused on mid-market technology businesses across Europe, the US, Middle East, and China. Specific areas of interest include machine learning, robotics, computer visioning, cloud, IoT and big data. Atlantic Bridge generally prefers 'domain-specific companies' as well as businesses that can benefit from transatlantic opportunities. Atlantic Bridge was formed in 2006 and is based in Dublin.


DEAL STATS #
Overall 12 of 22
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 11 of 20
Country (United Kingdom) 2 of 2
Year (2015) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Metaio

Munich, Germany

metaio is the powerhouse of AR: helping businesses and developers world-wide create AR experiences people love.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-05 Movidius

San Mateo, California, United States

Movidius' computational imaging chipsets enable always-on smart capture and continuous vision processing applications for mobile devices. Movidius was formed in 2005 and is based in San Mateo, California.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 69 of 127
Sector (Information Technology) 9 of 18
Type (Add-on Acquisition) 26 of 55
Country (United Kingdom) 9 of 10
Year (2015) 11 of 14
Size (of disclosed) 35 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Edmentum

Bloomington, Minnesota, United States

Edmentum provides education technology solutions for kindergarten through adult learners, offering curricula for reading, writing, mathematics, science, social studies, and life and job skills. Edmentum was founded in 1960 and is based in Bloomington, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Tastecard

Huddersfield, United Kingdom

Tastecard is a restaurant discount card clubs. Tastecard is based in Huddersfield, United Kingdom.

Buy -
SELLER

Access Industries

New York, New York, United States

website


Category Company
Founded 1986
Sector Diversified
DESCRIPTION

Access Industries, Inc. is a US based holding company focused on long-term investments worldwide. This includes companies located in the US, Europe, and South America. The Firm targets companies operating in the fields of natural resources, chemicals, telecommunications, media, real estate, emerging technology, and retail. Access Industries, Inc. was formed in 1986 and is based in New York City.


DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 3
Year (2015) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Boomerang Tube

Chesterfield, Missouri, United States

Boomerang Tube LLC produce welded OCTG and line pipe for customers in the United States and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 O-Zone Networks Pvt.

New Delhi, India

O-Zone Networks Pvt. Ltd is a leading Wi-Fi provider in India. O-Zone has Wi-Fi hotspots in major centers, including Delhi, Gurgaon, Noida, Bangalore, Mumbai, Pune and Kolkata, and has secured long-term site contracts with blue-chip landlords, including McDonalds, DLF, Café Coffee Day, Fortis Hospitals, Oberoi Group, Accor Group, Carlson Radisson, Hard Rock Café, Coffee Bean and Tea Leaf, Golfworks and Subway. O-Zone plans to build the largest Indian Wi-Fi network of more than 50,000 Wi-Fi hotspots by 2015, and thus provide a direct-to-consumer offering as well as a high-capacity neutral pipe on which mobile network operators can off-load data traffic. The company has signed deals with national and international telecom service-providers to furnish Wi-Fi services to their subscribers; O-Zone's neutral model allows it to ensure a potential carrier customer base of more than 600 million customers can access its network.

Sell -