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Vista Equity Partners to Acquire Xactly for $564M

Vista Equity Partners to Acquire Xactly for $564M

Forbes. Xactly stockholders will receive $15.65 in cash per share, representing a 17% premium to the closing price as of May 26, 2017 and a 31% premium compared to its 3-month volume weighted average price per share. “This announcement represents a very positive event for our stockholders and enables Xactly to build upon its successful 12-year history,” said Christopher W. Cabrera, founder and CEO of Xactly Corporation. “We are confident that Vista is the ideal partner to accelerate our growth initiatives and enable Xactly to focus on innovation and customer success while forging a new era of incentive compensation management.” “Xactly’s market leadership in cloud incentive compensation solutions makes it an ideal addition to the Vista family of companies,” said Brian Sheth, Co-Founder and President of Vista Equity Partners. “We are looking forward to bringing Vista’s resources and expertise to help drive Xactly’s next phase of innovation and growth.” Xactly’s headquarters will remain in San Jose. The deal is expected to close in the third quarter of 2017, subject to customary closing conditions, including the approval of Xactly’s stockholders and antitrust approval in the United States. JP Morgan Securities LLC is acting as exclusive financial advisor and Wilson, Sonsini, Goodrich & Rosati PC, is serving as legal advisor to Xactly. Vista’s legal advisor is Kirkland & Ellis LLP. As reported by ExitHub earlier this year, Vista agreed to acquire Toronto-based global FinTech leader DH Corp (TSX: DH) known as D+H, for an enterprise value of $4.8 billion. Last December, Vista’s Calif.-based portfolio company PowerSchool agreed to acquire the SunGard K-12 business from FIS (NYSE: FIS), for $850 million. In September, Vista agreed to acquire digital marketing platform GovDelivery for $153 million, as well as Santa Clara, Calif.-based cyber-security company Infoblox Inc. (NYSE: BLOX) for $1.6 billion, Photo: Robert F. Smith, founder, chairman and CEO of Vista Equity Partners. (Bloomberg/Getty Images)]]>

Vista Equity Partners to Acquire Xactly for $564M

Vista Equity to Acquire GovDelivery SaaS Platform from Actua $ACTA for $153M

Vista Equity Partners agreed to acquire Santa Clara, Calif.-based cyber-security company Infoblox Inc. (NYSE: BLOX) for $1.6 billion. Vista Equity Partners, with offices in Austin, Chicago and San Francisco, and over $26 billion in capital commitments, is a leading private equity firm focused on investing in software and technology-enabled businesses. The firm is led by billionaire Robert F. Smith, its founder, chairman and CEO, who has an estimated net worth of $2.5 billion according to Forbes. GovDelivery is used by more public sector organizations for digital communications than all other solutions combined, it says. The company has built an industry-leading platform for digital government communications used by over 1,800 customers, reaching over 120 million people. The company has dramatically expanded its investment to drive accelerating value to its customers over the past 24 months, doubling its investments in product development, security, and operations. GovDelivery launched major enhancements in 2016 to support advanced digital marketing, FedRAMP security compliance, and learning-enabled content while adding interactive text capabilities and an open source data management and open data platform through acquisitions. Over half of GovDelivery’s workforce has joined the company since January 1, 2015. “Under the strong leadership of CEO Scott Burns, we have transformed GovDelivery into a valuable, high growth company, and are confident that the company will continue its impressive growth trajectory,” said Actua’s chief executive Walter Buckley. “Since our acquisition of the business in 2009 for $20 million, GovDelivery has assembled a first-class management team and built out an industry-leading platform for digital government communications with a strong competitive moat. Through the execution of a highly effective growth strategy, GovDelivery has increased revenues by nearly 600 percent,” Buckley added. “Vista is a world class partner for our next phase of growth,” said GovDelivery chief executive Scott Burns. “This $153 million investment validates our strategy and is the largest single investment in a cloud-based government technology company to date.” “What sets GovDelivery apart is its success helping governments reach more people through its platform,” said Patrick Severson, board member and principal at Vista Equity Partners. Actua is a publicly traded venture capital firm formerly known as ICG Group Inc. It changed its name to Actua Corp in September 2014. Actua currently operates as a multi-vertical cloud company with over 900 employees. It has a market capitalization of over $490 million. The deal is subject to customary closing conditions and is expected to close in the fourth quarter of 2016. Upon completion, Actua expects to realize net cash proceeds of approximately $132 million. Stephens Inc. served as exclusive financial advisor to GovDelivery. Photo: Robert F. Smith, founder, chairman and CEO of Vista Equity Partners. (Bloomberg/Getty Images)]]>

Israeli Enterprise Software Provider NICE Systems to Buy inContact for $940M

Israeli Enterprise Software Provider NICE Systems to Buy inContact for $940M

NICE Systems agreed to acquire Nexidia, a leading provider of advanced customer analytics, for $135 million in cash. “This combination creates the deepest and most talented R&D, services and support organization in our industry, allowing us to accelerate our roadmaps and deliver even greater value to our customers,” said Barak Eilam, CEO of NICE. “We strongly believe that this transaction best positions the company to execute on our vision of helping our customers deliver exceptional customer experiences, while rewarding our existing stockholders for the work we have achieved to date,” said Paul Jarman, CEO of inContact. The board of directors of inContact has unanimously approved the transaction. The transaction is expected to close in the second half of 2016, subject to inContact stockholder approval, certain regulatory approvals and other customary closing conditions. The transaction will be funded from NICE’s cash on hand and committed debt financing provided by JPMorgan Chase Bank and Royal Bank of Canada. Jefferies LLC is serving as exclusive financial advisor, and Pillsbury Winthrop Shaw Pittman LLP and Parsons Behle & Latimer are serving as legal advisors, to inContact. inContact (NASDAQ: SAAS) is a cloud contact center software leader, with the most complete, easiest and most reliable solution to help organizations achieve their customer experience goals. inContact continuously innovates in the cloud and is the only provider to offer a complete solution that includes the customer interaction cloud, an expert service model and the broadest partner ecosystem. Recognized as a market leader by Gartner, IDC, Frost & Sullivan, Ovum and DMG, inContact supports over 6 billion interactions per year for enterprise, midmarket, government organizations and business process outsourcers (BPOs) who operate in multiple divisions, locations and global regions. The company was formerly known as UCN Inc. and changed its name to inContact Inc. in January 2009. inContact was founded in 1994 and is headquartered in Salt Lake City, Utah. NICE Systems is a leading global provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE’s solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies. NICE-Systems has strategic alliances with Boston Consulting Group, Cisco, Deloitte, IBM, IPC, Motorola, PWC, Tata Consulting Services, and Verizon. The company was founded in 1986 and is headquartered in Ra’anana, Israel.]]>

Kewill to Acquire LeanLogistics From Australia's Brambles $BSB for $115M

Kewill to Acquire LeanLogistics From Australia's Brambles $BSB for $115M

Francisco Partners, a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, Francisco Partners has raised nearly $10 billion and invested in more than 75 technology companies and made over 100 follow-on acquisitions, making it one of the most active investors in the industry. “LeanLogistics is a leading provider of software-as-a-service (SaaS)-based transportation management systems that has grown strongly since its acquisition by Brambles in 2008, entering new geographies and adding key blue-chip customers,” said Brambles CEO Tom Gorman. Brambles bought LeanLogistics for $US45 million in 2008. “We are absolutely thrilled to have LeanLogistics join the Kewill team. Their solutions are feature rich, highly scalable and managed by a skilled team and we are excited to support the ongoing growth and investment in LeanLogistic’s platform. We believe our global platform will help accelerate LeanLogistics already impressive growth through leveraging our extensive European and Asian networks,” said Doug Braun, CEO of Kewill. “Our tenure with Brambles has provided us the opportunity to invest in our solution, expand into different countries, and has been a tremendous learning experience, but as we strive to deliver value for our customers every day, there is power in combining with a global supply chain execution company,” said Dan Dershem, President and CEO of LeanLogistics. LeanLogistics is a global solutions provider of SaaS transportation management system (TMS) applications and supply chain services enabled by the industry’s largest transportation network. The company delivers complete transportation planning, execution, settlement, and procurement, as well as visibility and business intelligence, to improve transportation processes, increase efficiency, and reduce costs. LeanTMS enables shippers to scale infrastructure and business processes while gaining efficiencies to improve service offerings. LeanLogistics consistently ranks among top logistics solution providers and continues to win numerous awards for customer service. Its clients include many of the top consumer and wholesale brands, manufacturers, and service providers in the world. Kewill, a worldwide leader in logistics software, empowers organizations to efficiently move goods and information across the global supply chain. Kewill supports supply chain execution activities for 7,500 companies in more than 100 countries. Brambles Limited is an Australia-based supply-chain logistics company. The company operates through three segments: Pallets, primarily serving the fast-moving consumer goods, fresh produce and beverage industries; Reusable Plastic or Produce Crates (RPCs), serving the fresh produce and food industry, and comprising the IFCO RPC and CHEP RPC pooling business, and Containers. Brambles is headquartered in Sydney, Australia, but operates in more than 60 countries, with its largest operations in North America and Western Europe. Brambles employs more than 14,000 people and owns more than 500 million pallets, crates and containers through a network of more than 850 service centers.]]>