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Trend Reports

2009 Mid Year

 
 

2009 l Mid Year l Trends Report l Software

Tuesday, July 07, 2009

1st Half 2009 Key Highlights

  • The most active buyer in the Software Industry, in terms of volume of transactions announced for the 1st Half of 2009, was Oracle Corporation with 5 transactions. These include the acquisitions of Conformia Software, Inc., Virtual Iron Software, Inc., and mValent, Inc., as well as the pending acquisitions of Sun Microsystems, Inc., and Relsys International, Inc.
  • The largest transaction for the 1st Half of 2009 was Oracle Corporation’s announced acquisition of Sun Microsystems, Inc. for $5.64 billion.
  • In the 1st Half of 2009, there were 50 financially sponsored transactions with an aggregate value of $860 million. These figures represent 15 percent of the total volume and 5 percent of the total value, respectively.

1st Half 2009 Key Trends

  • Total transaction volume in the 1st Half of 2009 decreased by 10 percent over the 1st Half of 2008 from 374 in 2008 to 336 in 2009.
  • Total transaction value in the 1st Half of 2009 decreased by 27 percent over the 1st Half of 2008, from $24.46 billion in 2008 to $17.78 billion in 2009.

M&A Market Overview

Out of 1889 transactions tracked by Berkery Noyes between 2007 and the 1st Half of 2009, 697 had disclosed enterprise values with an aggregate of $112.77 billion. Using these values in a histogram on a logarithmic scale, we project an aggregate value of $29.13 billion for the 1192 undisclosed transactions. In total, we project a combined aggregate value of $141.90 billion worth of transactions over the past two and a half years.

The largest transaction tracked by Berkery Noyes between 2007 and the 1st Half of 2009 was Oracle Corporation’s acquistion of BEA Systems, Inc. for $7.11 billion.

Berkery Noyes determined that nearly one-third of companies sold between 2007 and the 1st Half of 2009 received enterprise values between $4 million to $33 million.

The most active buyer in the Information Industry in terms of volume between 2007 and the 1st Half of 2009 with 27 transactions was Oracle Corporation.



 

Transactional Analysis

Strategic vs. Financial Comparison

Purchaser Analysis

Transactions Volume By Segment

Footnotes