Transaction Data from Berkery Noyes MandAsoft Research - Last 6 months

Software

Among many areas, we represent companies focused on Software-as-a-Service (SaaS) and cloud computing solutions that serve the infrastructure, business, consumer, and niche vertical markets. Technology enabled services, which use and implement the software for the client, have also become more prominent.

Our Team

Berkery Noyes Advises Aries Systems in its Acquisition by Elsevier

September 10, 2018
Synopsis:
Elsevier, the global information analytics business specializing in science and health, announced it has acquired Aries Systems, a leader in scientific publication workflow solutions headquartered outside Boston, MA. Aries' offerings are used for manuscript submission, peer review, production tracking and eCommerce.
Aries Systems transforms the way scholarly publishers bring high-value content to the world. The company’s innovative and forward-looking workflow solutions manage the complexities of modern print and electronic publishing.
Buyer Parent: RELX Group plc
Elsevier is a global information analytics business that helps institutions and professionals progress science, advance healthcare and improve performance for the benefit of humanity. Elsevier provides digital solutions in the areas of strategic research management, R&D performance, and more.

iContracts Acquires PolicyMedical

July 6, 2018
Synopsis:
iContracts, a leading provider of cloud-based contract, compliance, and revenue management solutions announced that it has acquired Toronto, Canada based PolicyMedical, an industry-leading provider of cloud-based policy lifecycle management solutions.
Toronto, Canada based PolicyMedical is an industry-leading provider of cloud-based policy lifecycle management solutions. Their comprehensive SaaS-based solutions enable healthcare organizations to centralize and standardize the administration of policies and procedures.
iContracts is a leading cloud-based, software-as-a-service (SaaS) provider of contract management and compliance solutions for healthcare, education and industrial customers.

Berkery Noyes Advises Collect Rx

June 20, 2018
Synopsis:
New Capital Partners (NCP), a private equity firm, announces that is has acquired Collect Rx, a leading revenue cycle management (RCM) company. The company leverages its Business Intelligence (BI) engine to analyze claims and increase reimbursement for healthcare providers.
Collect Rx is a niche RCM (revenue cycle management) provider headquartered in Bethesda, Md. Founded in 2006, the company focuses on providing their services to surgery centers, hospitals, physician-owned practices, laboratory diagnostic facilities and behavioral health centers.
New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries.

Higher Logic Acquires Marketing Automation Platforms Informz and Real Magnet

October 16, 2017
Synopsis:
Higher Logic, an industry leader in cloud-based community platforms, has acquired Real Magnet, Inc. Real Magnet is a leading marketing automation platform that helps businesses attract, engage and deliver better email, marketing, social and mobile campaigns.
Real Magnet is a leading marketing automation platform that helps businesses attract, engage and deliver better email, marketing, social and mobile campaigns. Real Magnet simplifies marketing automation with its intuitive design.
Buyer Parent: JMI Equity
Higher Logic is an industry leader in cloud-based community platforms. Organizations worldwide use Higher Logic to bring like-minded people all together by giving their community a home where they can meet, share ideas, answer questions and stay connected.

Berkery Noyes Advises PatientSafe Solutions in its Majority Recapitalization by HighBar Partners

September 25, 2017
Synopsis:
PatientSafe Solutions (PatientSafe), a leader in mobile clinical workflow and communication solutions, has closed a round of financing led by HighBar Partners with participation from Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG.
PatientSafe Solutions, Inc., is a San Diego-based provider of software and hardware products, including handheld devices for nurses, bar-coded patient wrist bands and bed side patient portals that interface with hospital information systems to provide patient safety and increase clinical quality.
Buyer Parent: Merck & Co., Inc.
HighBar Partners is a private investment firm focused on strategic growth capital investments in enterprise and infrastructure software companies. Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG are investment companies.

IO Education Acquires eSchoolData, Expanding Northeast Presence

September 19, 2017
Synopsis:
IO Education, a market leader in helping educators use data to improve student outcomes, has acquired eSchoolData, a provider of student and data management solutions for K-12 school districts. eSchoolData's comprehensive, web-based solution features a teacher gradebook, a parent and student portal, data analytics capabilities, and more.
eSchoolData provides a web-based Student Management System that features a teacher gradebook, a parent and student portal, a transportation management module, data analytics capabilities, and more. eSchoolData gives schools the power to turn data into knowledge and knowledge into informed decisions.
Buyer Parent: LLR Partners
IO Education is on a mission to empower educators with data to improve educational outcomes. They focus on developing innovative solutions that break down data silos and improve outcomes for three areas of school districts: student achievement, educator effectiveness and operational efficiency.

Rubicon Announces Investment from Quad Partners

September 10, 2017
Synopsis:
Rubicon, the leading provider of curriculum design and instructional decision making solutions for the K-12 marketplace announced an investment by Quad Partners, a private investment firm focused exclusively on the education industry.
Rubicon partners with innovative education leaders to improve student performance and instructional practice with curriculum management and assessment data integration software alongside professional development services.
Quad Partners was founded in 2000 to make value-added private investments in the education industry. Today, Quad is one of the most active investors in privately-owned education companies in the United States.

Berkery Noyes Advises BE Press, a Leading Service Provider Used by Academic Institutions to Showcase Their Research, in its Acquisition by Elsevier

August 2, 2017
Synopsis:
Elsevier, the global information analytics business specializing in science and health, acquired Bepress, a Berkeley, California-based business that helps academic libraries showcase and share their institutions' research for maximum impact.
Seller: Bepress
Founded by professors in 1999, Bepress exists to serve academia. Bepress builds hosted solutions that let academic institutions showcase and share their works for maximum impact. The Bepress model is unlimited, cloud-based, and fully hosted, and includes dedicated consulting and support.
Buyer Parent: RELX Group plc
Elsevier is a global information analytics business that helps institutions and professionals progress science, advance healthcare and improve performance for the benefit of humanity. Elsevier provides digital solutions in the areas of strategic research management, R&D performance, and more.

LoyaltyExpress Announces Investment from New Capital Partners to Accelerate Innovation and Growth

June 28, 2017
Synopsis:
LoyaltyExpress, a provider of marketing automation and cloud-based CRM solutions for mortgage companies and banks, announced an investment from New Capital Partners (NCP), a private equity firm focused on financial and health care services.
LoyaltyExpress simplifies CRM and marketing automation for banks and mortgage companies. Its flagship solution, CustomerManager, is an enterprise-wide, Software-as-a-Service platform that combines lead management, email and direct mail campaigns with a 360-degree view of a loan officer's customers.
New Capital Partners is focused on building great companies by investing in high-growth businesses and partnering with management teams in the healthcare, financial services, and business services industries. New Capital Partners is headquartered in Birmingham, AL and has an office in Dallas, TX.

Berkery Noyes Advises Verisys’ Shareholders on the Company’s Growth Investment from Spectrum Equity and Cressey & Company

March 15, 2017
Synopsis:
Verisys Corporation, a leading provider of technology solutions and primary-source data on healthcare professionals and businesses, announced that Spectrum Equity, along with Cressey & Company and Verisys CEO John P. Benson, have made a significant growth equity investment in the Company.
Verisys is the leading provider of health care credentialing services with the most current, accurate, and comprehensive data and technology tools. Since 1992, Verisys has been leading the health care industry by providing the highest quality data coupled with deep health care industry experience.
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative Internet, software and information services companies. Cressey & Company LP is a private investment firm focused exclusively on investing in and building leading healthcare businesses.

Berkery Noyes Advises Core Informatics in its Acquisition by Thermo Fisher Scientific

March 6, 2017
Synopsis:
Thermo Fisher Scientific Inc. announced that it has acquired Core Informatics, which provides a cloud-based platform supporting scientific data management. Core’s offerings will enhance Thermo Fisher’s existing informatics solutions and complement its cloud platform, which supports the company’s genetic analysis, qPCR and proteomics systems.
Core Informatics partners with customers in biopharma, genomics, and other industries to deliver lab informatics solutions to derive more value and insight from scientific data. Core Informatics provides the scalable Platform for Science that enables customers to build workflows for specific needs.
Thermo Fisher Scientific Inc. offers an unmatched combination of innovative technologies, purchasing convenience and comprehensive support. They help customers accelerate life sciences research, solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity.

Career Step Acquires Panacea Healthcare Solution’s Revenue Capture and Coding and Documentation Divisions

February 6, 2017
Synopsis:
Career Step, an online provider of career-focused education and professional training, has acquired the Revenue Capture and Coding and Documentation Divisions of Panacea Healthcare Solutions. Panacea Healthcare Solutions provides expert coding, compliance, technology and financial advice to hundreds of healthcare providers each year.
Panacea Healthcare Solutions provides expert coding, compliance, financial consulting and information technology to hundreds of healthcare providers and organizations each year to proactively maintain compliance and identify risk and new incremental net revenue opportunities.
Career Step is an online provider of career-focused education and corporate training. Career Step provides training for the largest and most respected healthcare employers in the nation and is committed to helping students and practicing professionals gain the skills they need to be successful.

Berkery Noyes Represents Amazing Charts in its Sale to Harris Computer

September 6, 2017
Synopsis:
Constellation Software Inc. announced its wholly-owned division N. Harris Computer Corporation has acquired Amazing Charts, LLC, a business providing Electronic Medical Record (EHR), Practice Management (PM) software and Medical Billing services to primary care and specialty outpatient practices.
Amazing Charts provides Electronic Health Records (EHR/EMR), Practice Management, and other Health IT solutions to healthcare practices. Based on number one user ratings for usability, fair pricing, and overall satisfaction, Amazing Charts EHR has been adopted by more than 11,000 clinicians.
Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to Public Sector, Schools, Utility, and Health Care agencies. Harris’ focus is on creating long-term relationships with its customers and ensuring that it meets the changing needs of its customers over time.

Vocera Acquires Extension Healthcare

October 27, 2016
Synopsis:
Vocera Communications, Inc., the leading healthcare communications company, announced that it has acquired Extension Healthcare for approximately $55 million in an all-cash transaction. Extension Healthcare is a leading provider of clinical, event-driven communication and workflow collaboration software for the hospital environment.
Extension Healthcare’s Engage™ “one platform” approach improves clinical communication, collaboration, care coordination, and workflow with a specific focus on reducing unnecessary clinical interruptions and improving response to critical patient events.
Vocera Communications, Inc. offers the most robust clinical communications system in healthcare. Vocera delivers secure, integrated and intelligent communication solutions that enable care teams to collaborate more efficiently by delivering the right information.

Medstreaming Announces Acquisition of Registry Software Vendor M2S

March 29, 2016
Synopsis:
Medstreaming, a leading provider of innovative healthcare cardiovascular and radiology workflow software solutions, announced the acquisition of M2S, a leading provider of registry software technology designed for healthcare quality improvement.
Seller: M2S
M2S, Inc. provides medical image, data management, and and outcomes analysis services for the improvement of patient outcomes. It offers image management solutions to allow customers to collect, view, and manage imaging data.
Medstreaming is a provider of innovative healthcare cardiovascular and radiology workflow software solutions. Since 2006, Medstreaming has become a leader in delivering specialty-based workflow applications that function as a “best of breed” application for over 20 different clinical specialties.

FTV Capital Leads Growth Equity Investment in True Potential

January 29, 2016
Synopsis:
True Potential LLP, the leading UK-based integrated investor and wealth management technology platform serving advisers and retail clients in the UK, announced it had sold a significant minority share of its group business to FTV Capital, its first institutional investor.
True Potential LLP is the leading UK-based integrated investor and wealth management technology platform serving advisers and retail clients in the UK.
FTV Capital is a growth equity investment firm that has raised over $1.8 billion since inception to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise solutions, financial services, and payments/transaction processing.

PowerSchool Acquires Chalkable to Bring Positive Behavior Intervention and Classroom Culture into K-12’s Most Comprehensive Unified Classroom Solution

October 19, 2016
Synopsis:
PowerSchool, the leader for K-12 education technology solutions, announced the acquisition of Chalkable, a leading provider of a student achievement and regional education data management solution.The acquisition provides PowerSchool with additional capabilities to track student behavior, an area of increasing need for educators.
Seller Parent: SCP Partners
Seller: Chalkable
Chalkable is a leading provider of education data management, student achievement and professional learning solutions to the K-12 public and private school markets.
PowerSchool is the #1 leading education technology platform for K-12. They provide best-in-class, secure, and compliant online solutions, including student information systems, registration and school choice, assessment and analytics, and special education management.

Veronis Suhler Stevenson “VSS” Invests in Connexion Point, LLC

October 18, 2016
Synopsis:
VSS, a private investment firm focused on the information, tech-enabled business services, healthcare IT, and education industries, announced its investment in Connexion Point, LLC. Connexion Point is a leading provider of technology-enabled healthcare services, specializing in communication lifecycle services for the healthcare industry.
Connexion Point is a leading provider of technology-enabled healthcare services, specializing in communication lifecycle services for the healthcare industry. Connexion Point facilitates communication, throughout the lifecycle of the consumer, that connects the healthcare industry to their consumer.
Veronis Suhler Stevenson (VSS) is a leading private investment firm that invests in the information, business services, healthcare IT, education, media and marketing services industries in North America and Europe.

Chronos Solutions to Acquire Cutting Edge Mortgage Technology Company Cogent Road

December 15, 2015
Synopsis:
Chronos Solutions, a national real estate finance services provider, has acquired Cogent Road, a San Diego-based mortgage technology company. Cogent Road develops three core products for the mortgage origination market: Funding Suite, Tax Door and Roohmz.
Cogent Road, Inc. provides enterprise-wide Web based software applications for the mortgage industry. Its solutions are Funding Suite, an AVM management solution, AVAIL, assists mortgage originators, Roohmz Mortgage, a workflow automation solution, and Gravity, a mortgage industry CRM solution.
Chronos Solutions is a national technology enabled real estate finance services provider delivering elite mortgage and real estate services across the industry. Chronos offers customized transactional and business process management services to private sector and government clients.

Solidifi Acquires Southwest Financial Services Ltd., One Of The Largest Independent Providers Of Outsourced Services To Home Equity Lenders

May 4, 2015
Synopsis:
Solidifi, a leading independent provider of residential real estate appraisals and the service provider of choice for more than half of the top 100 lenders in the United States, is proud to announce the acquisition of Cincinnati-based Southwest Financial Services Ltd., a national, independent provider of outsourced services to home equity lenders.
Southwest Financial Services, Ltd. has been a trusted partner to many of the nation's largest lending institutions for more than 30 years. Their proven solutions and state-of-the-art technology combine to offer clients seamless and efficient title, flood determination and valuation services.
Buyer Parent: Real Matters
Buyer: Solidifi
Solidifi is a leading independent provider of residential real estate appraisals. The company has built a strong reputation and partnership with more than 25,000 appraisers. The company is the appraisal service provider of choice for more than half of the top 100 lenders in the U.S.

Telecom Expense Management Firm Asentinel Acquired by Marlin Equity Partners

January 12, 2015
Synopsis:
Asentinel, LLC, a leading provider of Telecom Expense Management (TEM) software and complementary services that help streamline and automate fixed and mobile telecom spend, has been acquired by Marlin Equity Partners, a global investment firm with over $3 billion of capital under management and a successful track record in the technology industry.
Asentinel, a leading provider of Telecom Expense Management (TEM) software, meets the needs of customers by providing telecommunications lifecycle management solutions and services that are delivered through a customer-focused, technology-driven SaaS technology platform.
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs.

Aptean Enters Healthcare Industry With Acquisition of Medworxx Solutions, Inc.

October 15, 2015
Synopsis:
Aptean, Inc., a leading provider of industry-focused mission critical enterprise software solutions, announced the completion of its acquisition of Medworxx Solutions Inc., a leader in clinical patient flow, and compliance and education solutions.
Medworxx helps hospitals meet patient flow challenges and requirements for compliance and education. Medworxx Clinical Criteria, the flagship component of Medworxx Patient Flow, is currently used to manage 32% of the acute-care beds in Canada as well as acute-care beds in the United States.
Buyer: Aptean
Aptean is a provider of industry-focused mission critical enterprise software solutions. They build and acquire solutions to support the evolving operational needs of their customers. Their solutions help nearly 5,000 organizations by satisfying their customers and continuing to operate efficiently.

Pearson Sells Family Education Network to Sandbox Partners

May 21, 2015
Synopsis:
Sandbox & Co., an industry-focused investor committed to building businesses at the intersection of the digital, learning and media sectors, has acquired Family Education Network (FEN) from Pearson. FEN is an online consumer network of the world's best learning and information resources, personalized to help parents, teachers, and students.
Seller Parent: Pearson plc
Family Education Network is the best of the Internet's content, resources, and shopping for parents, teachers, and kids. The company's mission is to be an online consumer network of the world's best learning and information resources, personalized to help parents, teachers, and students.
Sandbox is an industry-focused investor committed to building and supporting businesses at the intersection of the digital, learning and media sectors. Founded in 2014, the partners of Sandbox have a long track-record of acquiring, transforming and scaling businesses and brands internationally.

Truven Health Analytics to Acquire Heartbeat Experts

November 6, 2014
Synopsis:
Truven Health Analytics, a leading provider of healthcare analytics and data solutions and services, announced that it has completed its previously announced acquisition of Heartbeat Experts, the global leader in stakeholder management solutions for the life sciences industry.
Heartbeat Experts combines strategic consulting, enterprise software, data, analytics and market research to provide solutions that help Life Sciences and Financial Services firms drastically improve the success of their products.
Truven Health Analytics is a leading provider of healthcare analytics and data solutions and services across the entire healthcare industry. They are dedicated to delivering the answers their clients need to improve healthcare quality and reduce costs.

Equian Acquires AfterMath Claim Science
Enhancing Payment Integrity Data

June 16, 2014
Synopsis:
Equian completed the acquisition of AfterMath Claim Science, Inc. effective June 16, 2014. Based just outside of Chicago, IL, AfterMath Claim Science is a post-payment recovery services company that identifies and eliminates medical claim payment errors.
AfterMath Claim Science is a specialized overpayment recovery company, with data mining techniques aimed at specific claim types not detected by traditional claims overpayment services. Its Member Eligibility Overpayment (MEO) recovery program is the highest performing recovery program of its kind.
Equian is a healthcare information services company focused on lowering the cost of care by eliminating waste. It provides pre-payment solutions, post-payment solutions, and data analytics methodology.

Cryptzone Acquires HiSoftware

September 8, 2014
Synopsis:
Cryptzone has acquired HiSoftware Inc. HiSoftware provides end-to-end information security and compliance solutions to help organizations address business process, regulatory and productivity concerns around the secure collaboration of data in content management systems and social environments.
HiSoftware provides end-to-end information security and compliance solutions to help organizations address business process, regulatory and productivity concerns around the secure collaboration of data in content management systems and social environments.
Buyer Parent: Medina Capital
The Cryptzone Group is a technology innovator of proactive controls to mitigate IT security risk. Its solutions enable organizations to securely connect, collaborate and comply within the digital workplace, thereby improving document security, access control and compliance auditing capabilities.

The Roberts Group Announces Strategic Investment from Polaris Partners

April 3, 2014
Synopsis:
Polaris Partners has invested in The Roberts Group. The Roberts Group, of New York, provides market data cost and inventory management solutions to the financial services industry. They are the developer of the Financial Information Tracking System, FITS, a market data inventory management solution available to the Financial Services Industry.
The Roberts Group (TRG) is the developer of the Financial Information Tracking System, FITS, the most comprehensive market data inventory management solution available to the Financial Services Industry. TRG provides market data consulting services ranging from FITS Consulting to Systems Deployment.
Polaris Venture Partners is a group of investors and technology executives with a successful track record of investing in and partnering with early-stage entrepreneurs in both information and medical technology.

SirsiDynix Acquires EOS International Business

November 4, 2013
Synopsis:
SirsiDynix, a library management technology company, announced the acquisition of EOS International, a California-based technology company that develops award-winning solutions for legal, government, corporate, medical, and other special library customers.
For over 30 years, Electronic Online Systems (EOS) International has been developing, marketing and supporting award-winning library automation and knowledge management solutions for thousands of special libraries worldwide.
SirsiDynix connects people with knowledge at more than 23,000 libraries around the world. Through library management technology and search and discovery tools, libraries using SirsiDynix technology bring relevant resources and the power of knowledge to their users and communities.

Berkery Noyes Represents Healthx In Its Majority Recapitalization By Frontier Capital

January 5, 2012
Synopsis:
Frontier Capital is pleased to announce that it has partnered with existing management to complete a majority recapitalization of Healthx, Inc., a leading provider of online healthcare portals to health insurers, medical providers, and employers.
Seller Parent: Liberty Partners
Healthx develops and manages the most widely adopted portals and applications for the healthcare and human resources markets. Healthx was formed to meet the unique communication needs of the healthcare industry by helping payers and employers deliver benefits faster and at a lower cost.
Frontier Capital is a Charlotte-based growth equity firm focused exclusively on technology enabled business services. Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions, or generate shareholder liquidity.

Berkery Noyes Represents Cengage Learning In The Sale Of NetLearning To HealthcareSource

December 4, 2012
Synopsis:
HealthcareSource® announced that it has acquired NetLearning, a leading provider of learning management software and content for the healthcare industry. The combination of HealthcareSource and NetLearning results in the first company to provide a complete, end-to-end talent management solution designed specifically for healthcare.
Seller Parent: Apax Partners
NetLearning is an e-learning solutions provider developing products specifically for the healthcare industry since 1995. The NetLearning product suite allows for the deployment, management, and reporting of training-related activities.
HealthcareSource is the leading provider of talent management software for the healthcare industry. HealthcareSource helps healthcare organizations source, hire, assess, develop and retain the best workforce possible in order to reduce costs and to improve patient satisfaction and safety.

Berkery Noyes Represents Class.com in its Sale to Cambium

September 23, 2011
Synopsis:
Cambium Learning Group, Inc., a leading educational company focused primarily on serving the needs of at-risk and special student populations, announced that the Company has purchased the assets of Class.com, an industry-leading provider of online learning solutions.
Class.com equips educators with the tools to help every student succeed by providing schools and organizations with high-quality, research-based, online learning solutions that cater to the needs of 21st-century learners.
Cambium Learning Group is the leading educational company focused primarily on serving the needs of at-risk and special student populations. The company operates three core divisions: Voyager, Sopris, and Cambium Learning Technologies.

Berkery Noyes Represents Strata Decision Technology In Its Sale To Veronis Suhler Stevenson

July 21, 2011
Synopsis:
Veronis Suhler Stevenson, a leading global private investment firm, announced that an affiliate has acquired financial software company Strata Decision Technology, LLC (SDT). Strata Decision Technology develops, markets and implements web-based financial analytics and performance management software tools.
Strata Decision Technology is a pioneer in the development of innovative software tools for financial and business analytics in the U.S. healthcare industry. Strata Decision Technology is a trusted technology partner to leading hospitals, academic medical centers, and healthcare systems.
Veronis Suhler Stevenson, founded in 1981, is a leading private equity firm that makes buyout and mezzanine investments in the information, education and media industries in North America and Europe.

Berkery Noyes Represents Bookette Software in its Sale to McGraw-Hill Education

March 3, 2011
Synopsis:
McGraw-Hill Education has acquired Bookette, a privately held software company, adding key capabilities in online performance measurement. Bookette's smart-scoring engine evaluates high volumes of student writing responses, enabling assessments to incorporate writing while easing the burden of scoring.
Bookette Software, located in Monterey, Calif., specializes in creating software for the development, administration, scoring and reporting of computer-based curriculum assessment. It was founded in 1990 by Dr. Ronald Loiacono.
One of the first American publishers to introduce objective, standardized achievement tests to schools, CTB/McGraw-Hill is a leader in testing with recognized products for online formative, adult, and language proficiency assessment.

SunGard Acquires PredictiveMetrics to Broaden the AvantGard Suite and Expand into Trade Credit Liquidity

February 3, 2011
Synopsis:
SunGard announced that it has acquired PredictiveMetrics, a provider of predictive scoring and analytical services for trade credit, debt collections, utilities and other markets. PredictiveMetrics’ core services around credit and collection analyses will become part of SunGard’s AvantGard Receivables solution.
PredictiveMetrics is a global leader in providing predictive scoring and analytical decision solutions using advanced statistical techniques for credit, collections and debt recovery collections. PredictiveMetrics’ decision technology spans many industries, types of financing, and ages of debt.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.

Image Solutions Inc. Sold to CSC

December 6, 2010
Synopsis:
Computer Sciences Corporation announced it has closed the acquisition of Image Solutions, Inc. (ISI), a privately-held, global leader in regulatory submission management solutions and related implementation and outsourcing services for the Life Sciences sector.
Founded in 1992, Image Solutions, Inc. is a proven market leader in providing submissions solutions, process services and consulting to Life Sciences companies as a way to improve clinical and regulatory processes that bring new medicines to market.
Computer Sciences Corporation is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, the Managed Services Sector and the North American Public Sector.

Oracle Buys Relsys

March 23, 2009
Synopsis:
Oracle Corporation has completed the acquisition of Relsys International, Inc. The combination of Oracle and Relsys is expected to deliver the only suite of software applications that supports end-to-end drug safety processes across clinical development, post-market surveillance and patient care.
Relsys International is the leading global provider of drug safety and pharmacovigilance solutions that help pharmaceutical, biotech and medical device companies ensure regulatory compliance, streamline operations, and improve product safety.
Oracle is the world's largest enterprise software company. The company is a leading provider of systems software, including database management, application development, and application server software.

Berkery Noyes Represents Dydacomp In Its Sale to Dydacomp Holdings Corporation and Milestone Partners

January 16, 2008
Synopsis:
Berkery Noyes, a leading independent investment bank serving the media, information and technology markets, represented D.A. Kopp & Associates, Inc., Card Management Services, L.L.C., and Card Financial Services, L.L.C. (Dydacomp) in its sale to Dydacomp Holdings Corporation and Milestone Partners.
Dydacomp specializes in multi-channel software solutions for e-commerce, catalog, DRTV, and traditional point-of-sale business.
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues successful niche-market leaders that provide high margin products or services.

Berkery, Noyes & Co. represents Asset Control in Strategic Transaction with Fidelity Ventures

April 4, 2007
Synopsis:
Asset Control, the leading provider of Centralized Data Management solutions to the financial services industry, announced that Fidelity Ventures has taken a majority investment in the company.
Asset Control is the world's leading provider of Centralized Data Management to financial industry firms. With a complete range of in-house and outsourced options, Asset Control delivers Total Data Management, a hybrid approach to data management.
Buyer Parent: FMR Corp.
Fidelity Ventures invests in technology companies at the "Go-To-Market" stage. Its 40-year track record includes hundreds of successful investments in the consumer, communications, systems and software markets.

Berkery, Noyes & Co. represents NameProtect in it sale to Corporation Service Company

March 23, 2007
Synopsis:
Corporation Service Company, a privately-held company and leading provider of legal and financial services to corporations and law firms, has acquired NameProtect, a privately-held leader of digital brand management solutions for the Global 2000.
Seller Parent: Mason Wells
NameProtect, a digital brand management company, provides a comprehensive suite of trademark clearance and advanced monitoring services that support the entire life cycle of a brand in today’s digital economy.
Corporation Service Company, a privately-held company headquartered in Wilmington, Delaware, USA, is a leading provider of legal and financial services for many of the world’s largest companies and law firms.

Berkery, Noyes & Co. represents Mobeon AB in its sale to Ericsson

March 20, 2007
Synopsis:
Berkery, Noyes & Co., LLC, a leading independent investment bank serving the information and technology markets, represented Mobeon AB, the world's leader in IP-messaging components for mobile and fixed networks, in its sale to Ericsson. Mobeon's IP-based voice and video mail are the key elements of Ericsson's Enriched Messaging solution.
Seller: Mobeon
Mobeon is a leading global telecom software provider focused on maximizing messaging revenue through providing specialized, next-generation software, to tier-one telecom vendors. Mobeon's CompEdge messaging platform provides flexible tools for a range of different services.
Buyer Parent: Ericsson AB
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

Berkery, Noyes & Co. represents Elsevier, Inc. in its divestiture of Endeavor Information Systems, Inc.

November 21, 2006
Synopsis:
Francisco Partners, one of the world's largest technology-focused private equity funds and owner of Ex Libris, a leading global developer and provider of high-performance applications for libraries and information centers, has successfully completed its acquisition of Endeavor Information Systems, Inc., an Elsevier company.
Seller Parent: Reed Elsevier
EIS Inc. has been providing integrated library solutions since its inception in 1994. With an executive team base that has a strong heritage in the library industry, Endeavor grounds product line development in knowledge, commitment and the embrace of new proven technologies.
Buyer Parent: Francisco Partners
The Ex Libris group is a worldwide supplier of software solutions and related services for libraries and information centers. The Company's flagship product, ALEPH 500, is a market leader in the field of library automation for higher education and large corporations.

Berkery, Noyes & Co. advises ClearStory Systems on its divestiture of Document Solutions Business to Datawatch Corporation

May 3, 2006
Synopsis:
Datawatch Corporation, a leader in the rapidly growing Information Services market space, today announced that it has closed the acquisition of the Integrated Document Archiving and Retrieval Systems (IDARS) business from ClearStory Systems, Inc.
ClearStory digital asset management software suite manages the enterprise digital media supply chain — from creation and collaboration, to lifecycle management and delivery — to give companies reduced operational costs, improved productivity, and increased revenues.
By providing solutions that build on a Service Oriented Architecture (SOA) framework and Monarch report mining technologies, Datawatch allows organizations to access, enhance, analyze and deliver information from wherever it resides inside or outside the enterprise to solve business problems.
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1st Half 2018 Software M&A Trends Report

1st Half 2018 Key Highlights

  • The largest deal in 1st Half 2018 was private equity firm KKR’s announced acquisition of BMC Software, which offers cloud and IT management solutions to enterprises, for $8.5 billion. Of note, BMC was acquired in 2013 by a private investor group led by Bain Capital and Golden Gate Capital for $6.69 billion.
  • There were 253 financially sponsored transactions with an aggregate value of $31.23 billion, representing 24 percent of the total volume and 37 percent of the total value, respectively.
  • 1st Half 2018 Key Trends

  • Total transaction volume in 1st Half 2018 declined by three percent over 2nd Half 2017, from 1,084 to 1,056.
  • Total transaction value in 1st Half 2018 rose by 46 percent over 2nd Half 2017, from $57.88 billion to $84.43 billion.
  • The median revenue multiple shifted from 2.7x in 2nd Half 2017 to 2.5x in 1st Half 2018. The median EBITDA multiple moved downward during this timeframe, from 13.7x to 11.4x.
  • Both the Business and Infrastructure segments saw notable increases in volume during the half year period. Business volume gained 13 percent, from 201 to 228 transactions. Infrastructure volume rose 11 percent, from 143 to 159  transactions.
  • M&A Market Overview

    Berkery Noyes tracked 5,382 Software transactions between 2016 and 1st Half 2018, of which 1,099 disclosed financial terms, and calculated the aggregate transaction value to be $280.05 billion. Based on known transaction values, we project values of 4,283 undisclosed transactions to be $98.30 billion, totaling $378.35 billion worth of transactions tracked over the past two and a half years.

    1st Half
    2018
    Software

    Full Year 2017 Software Industry Trends

    2017 Key Highlights

  • The Infrastructure segment's largest transaction in 2017 was Thales SA's announced merger with Gemalto, a digital security company that offers mobile connectivity, payment technology, and data protection solutions, for $6.51 billion.
  • Cisco Systems was responsible for two of the industry's top ten largest acquisitions in 2017: AppDynamics, an application performance management and IT analytics company, for $3.9 billion; and Broadsoft, which offers software and services that enable telecommunications service providers to deliver hosted cloud-based unified communications to enterprise customers, for $1.87 billion.
  • There were 487 financially sponsored transactions with an aggregate value of $56.13 billion, representing 22 percent of the total volume and 42 percent of the total value, respectively.
  • 2017 Key Trends

  • Total transaction volume in 2017 increased by four percent over 2016, from 2,100 to 2,191.
  • Strategic volume in 2017 remained about constant over 2016, at 1,704. Private equity backed volume improved 22 percent during this timeframe, from 399 to 487.
  • Total transaction value in 2017 declined by 16 percent over 2016, from $159.32 billion to $133.64 billion.
  • The median revenue multiple decreased from 2.7x in 2016 to 2.3x in 2017. The median EBITDA multiple saw a slight uptick from 12.7x in 2016 to 13.3x in 2017.
  • M&A Market Overview

    Berkery Noyes tracked 6,360 Software transactions between 2015 and 2017, of which 1,385 disclosed financial terms, and calculated the aggregate value to be $391.92 billion. Based on known transaction values, we project values of 4,975 undisclosed transactions to be $114.90 billion, totaling $506.81 billion worth of transactions tracked over the past three years.

    Full Year
    2017
    Software

    1st Half 2017 Software Industry Trends

    1ST HALF 2017 KEY HIGHLIGHTS

  • The Niche segment, which is targeted to specific vertical markets, and the Infrastructure segment combined were responsible for eight of the industry's top ten highest value deals in 1st Half 2017.
  • There were 237 financially sponsored transactions with an aggregate value of $31.12 billion, representing 22 percent of the total volume and 38 percent of the total value, respectively.
  • 1ST HALF 2017 KEY TRENDS

  • Total transaction volume in 1st Half 2017 increased 12 percent over 2nd Half 2016, from 985 to 1,099.
  • Total transaction value in 1st Half 2017 declined by 18 percent over 2nd Half 2016, from $93.02 billion to $76.63 billion.
  • Seven of the industry's top ten largest deals in 2016 occurred during the second half of the year. Aggregate value in 1st Half 2017 rose 16 percent on a year-over-year basis.
  • The median revenue multiple moved slightly from 2.5x in 2nd Half 2016 to 2.3x in 1st Half 2017. The median EBITDA multiple remained constant during this timeframe at 13.3x.
  • Transactions in 1st Half 2017 with enterprise values above $160 million received a median revenue multiple of 3.9x, whereas those in the $10-$20 million range had a median revenue multiple of 2.2x.
  • The segment with the largest rise in volume in 1st Half 2017 over 2nd Half 2016 was Infrastructure Software with an 21 percent gain, from 132 to 160 transactions.
  • M&A Market Overview

    Berkery Noyes tracked 5,259 Software transactions between 2015 and 1st Half 2017, of which 1,149 disclosed financial terms, and calculated the aggregate transaction value to be $352.76 billion.

    1st Half
    2017
    Software

    Full Year 2016 Software Industry Trends

    2016 Key Highlights

  • The industry's largest transaction in 2016 was Hewlett Packard Enterprise's (HPE) announced spinoff of its software business and the merger of those assets with Micro Focus International for $8.73 billion.
  • Eight of the top ten highest value transactions during the year were completed by strategic acquirers.
  • The only Infrastructure deal in the top ten list of highest value transactions was Symantec's acquisition of Blue Coat in the cyber-security sector for $4.72 billion. Symantec also completed another high profile security deal with the announced acquisition of LifeLock, a provider of identity theft protection products and services for consumers, for $2.36 billion, which just missed inclusion in the top ten list.
  • There were 369 financially sponsored transactions with an aggregate value of $50.43 billion, representing 18 percent of the total volume and 31 percent of the total value, respectively.
  • 2016 Key Trends

  • Total transaction volume in 2016 remained nearly constant over 2015, from 2,065 to 2,064.
  • Total transaction value in 2016 declined by 28 percent over 2015, from $214.01 billion to $153.28 billion. Excluding the Dell-EMC Corporation deal in 2015 for $67.48 billion, value decreased five percent.
  • The median revenue multiple increased from 2.4x in 2015 to 2.8x in 2016. The median EBITDA multiple moved downward from 13.3x in 2015 to 12.5x in 2016.
  • M&A Market Overview

    Berkery Noyes tracked 5,992 Software transactions between 2014 and 2016, of which 1,335 disclosed financial terms, and calculated the aggregate value to be $384.17 billion. Based on known transaction values, we project values of 4,657 undisclosed transactions to be $108.19 billion, totaling $492.36 billion worth of transactions tracked over the past three years.

    Full Year
    2016
    Software

    1st Half 2016 Software Industry Trends

    1ST HALF 2016 KEY HIGHLIGHTS

  • The Infrastructure segment's largest deal in 1st Half 2016 was Symantec Corporation's announced acquisition of Blue Coat Systems in the cyber-security sector for $4.72 billion.
  • There were 196 financially sponsored transactions with an aggregate value of $25.44 billion, representing 18 percent of the total volume and 35 percent of the total value, respectively.
  • 1ST HALF 2016 KEY TRENDS

  • Total transaction volume in 1st Half 2016 increased four percent over 2nd Half 2015, from 1,028 to 1,068.
  • Total transaction value in 1st Half 2016 fell by 58 percent over 2nd Half 2015, from $156.21 billion to $65.85 billion.
  • Eight of the industry's top ten largest deals in 2015 occurred during the second half of the year. Aggregate value in 1st Half 2016 rose 17 percent on a year-over-year basis.
  • The median revenue multiple rose from 2.1x in 2nd Half 2015to 3.2x in 1st Half 2016. The median EBITDA multiple stayed almost constant during this timeframe at 13.1x.
  • Transactions in 1st Half 2016 with enterprise values above $160 million received a median revenue multiple of 4.2x,whereas those in the $10-$20 million range had a median revenue multiple of 2.5x.
  • The segment with the largest rise in volume in 1st Half 2016 over 2nd Half 2015 was Consumer Software with a 20 percent gain, from 99 to 119 transactions.
  • M&A Market Overview

    Berkery Noyes tracked 4,984 Software transactions between 2014 and 1st Half 2016, of which 1,103 disclosed financial terms, and calculated the aggregate transaction value to be $313.96 billion. Based on known transaction values, we project values of 3,881 undisclosed transactions to be $89.56 billion, totaling $403.52 billion worth of transactions tracked over the past two and a half years.

    1st Half
    2016
    Software

    Full Year 2015 Software Industry Trends

    2015 Key Highlights

  • The largest transaction in 2015 was Dell, Inc.'s announced acquisition of EMC Corporation, a provider of cloud computing, data storage and other infrastructure technologies, for $67.48 billion. This was the highest value deal ever recorded in the industry.
  • Five of the top ten largest transactions in 2015 were completed by financial sponsors. The highest value private equity backed deal during the year was The Carlyle Group's announced acquisition of Veritas Technologies Corporation, a storage and server management software solutions company, for $8 billion.
  • The most active acquirer in the Infrastructure Software segment in 2015 was IBM with six transactions: Gravitant, CleverSafe, StrongLoop, Appcore, Blue Box Group, and AlchemyAPI, Inc.
  • There were 327 financially sponsored transactions with an aggregate value of $57.83 billion, representing 16 percent of the total volume and 26 percent of the total value, respectively.
  • 2015 Key Trends

  • Total transaction volume in 2015 increased by nine percent over 2014, from 1,860 to 2,028.
  • Total transaction value in 2015 rose by 72 percent over 2014, from $123.74 billion to $213.20 billion. Excluding the EMC Corporation deal, aggregate value gained 18 percent.
  • The median revenue multiple declined from 2.7x in 2014 to 2.4x in 2015. The median EBITDA multiple improved from 12.0x in 2014 to 13.8x in 2015.
  • M&A Market Overview

    Berkery Noyes tracked 5,509 Software transactions between 2013 and 2015, of which 1,314 disclosed financial terms, and calculated the aggregate value to be $337.89 billion. Based on known transaction values, we project values of 4,195 undisclosed transactions to be $85.23 billion, totaling $423.12 billion worth of transactions tracked over the past three years.

    Full Year
    2015
    Software