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Notable Announced Transactions: 3Q 2012 ($ millions)
Note: Business Applications includes: ERP & Business Applications; Technical & Embedded ApplicationsInformation Management includes: Business Intelligence; Content ManagementInfrastructure includes: Application Delivery & Network Acceleration; Platforms, Development Tools & Deployment; Storage Management; Systems & Network ManagementSource: Company releases, Wall Street research
Note: Business Applications includes: ERP & Business Applications; Technical & Embedded ApplicationsInformation Management includes: Business Intelligence; Content ManagementInfrastructure includes: Application Delivery & Network Acceleration; Platforms, Development Tools & Deployment; Storage Management; Systems & Network ManagementSource: Company releases, Wall Street research
Note:Includes only transactions for which data was publicly availableP/E multiples in excess of 100x or less than 0x are considered to be not meaningfulSource: Company releases, Wall Street research
3Q 2012 ($ millions)
Consideration Equity Enterprise EV / Revenue P/E Ratio
Date Target Acquirer % Cash % Stock value value LTM Current yr Fwd yr Current yr Fwd yr
Announced Target Acquirer Target Segment & Description Price
09/28/12 Spend Radar SciQuest ERP & Business Applications - Spend management and analysis $1809/27/12 Sawfish Software Ltd. TDX Group Ltd. ERP & Business Applications - Workflow and case management for the debt management sector n/a09/25/12 ConceptWave Software Ericsson ERP & Business Applications - Customer lifecycle management for the communications sector n/a09/24/12 Butterfly Software Ltd. IBM Storage Management - Automated analysis and migration of backup data n/a09/24/12 Cofio Software Hitachi Data Systems Storage Management - Unified archiving, backup, CDP and restore n/a09/24/12 Draig Technology Ltd. Utilisoft Ltd. ERP & Business Applications - Billing management and CRM for the energy supplier sector $109/24/12 Mformation Software Technologies Clearlake Capital Group Systems & Network Management - Mobile device management n/a09/21/12 Empresa Brasileira de Sistemas Ltd. Folhamatic Tecnologia em Sistemas Ltd. ERP & Business Applications - Accounting and tax management $1709/19/12 Logicway BV Trimble Navigation Ltd. ERP & Business Applications - Payroll and expense automation for the transportation sector n/a09/18/12 IVARA Bentley Systems Financial Applications - Infrastructure asset analysis and reporting n/a09/18/12 Logitek Technology Ltd. Smart Employee Benefits ERP & Business Applications - Supply chain integration for the packaged goods sector $309/18/12 Stoneware Lenovo Group Ltd. Platforms, Development Tools & Deployment - Cloud-based IT services for education and government sectors n/a09/18/12 vwd Vereinigte Wirtschaftsdienste AG Vienna GmbH Financial Applications - Asset and wealth management for the European market $8609/17/12 Adaco Fourth Hospitality Ltd. ERP & Business Applications - Purchasing and operation control for the hospitality sector n/a09/17/12 SelectMinds Oracle ERP & Business Applications - Enterprise social networking SaaS n/a09/13/12 GroupLogic Acronis Content Management - Mobile file management and collaboration n/a09/13/12 Sensage The KEYW Holding Corporation IT Security - Security information and event management $8509/13/12 Solarsoft Business Systems Ltd. Epicor Software ERP & Business Applications - Warehouse management and ERP for the manufacturing sector n/a09/13/12 Strand Technology Ltd. Advanced Computer Software Group plc ERP & Business Applications - Electronic care records $309/11/12 A.P. Unix FireKing Security Group IT Security - Security and cash management for the retail sector n/a09/11/12 Dataflow Enterprises Vendini Platforms, Development Tools & Deployment - Platform as a service for web-based applications n/a09/11/12 Workshare Technology SkyDox Ltd. Content Management - Document management and collaboration n/a09/10/12 Beetil Service Management Ltd. Citrix Systems & Network Management - Cloud-based IT service management n/a09/10/12 myDIALS Adaptive Planning ERP & Business Applications - Operational performance management n/a09/10/12 NetMotion Wireless Clearlake Capital Group ERP & Business Applications - Mobile workforce productivity management n/a09/10/12 Open Kernel Labs General Dynamics Broadband Technical & Embedded Applications - Virtualization for embedded systems n/a09/07/12 Transoft International NCR ERP & Business Applications - Currency supply chain management SaaS n/a09/06/12 ANTs software Galtech Semiconductor Materials Technical & Embedded Applications - Database consolidation middleware n/a09/05/12 Copiun Good Technology Content Management - User data management and de-duplication tools n/a09/05/12 Firelace Issuer Direct ERP & Business Applications - Financial and accounting platform n/a09/05/12 Income Manager Advanced Solutions International ERP & Business Applications - Fundraising management for the non-profit sector n/a09/05/12 VULNIT SAS Deny All SA IT Security - Industry-specific IT security testing software n/a09/04/12 Prelytis SA Access UK Ltd. Business Intelligence - Business intelligence and information management n/a09/04/12 Whentech IntercontinentalExchange Financial Applications - Option pricing and risk management for the commodities futures sector n/a09/02/12 SolveIT Software Pty Ltd. Schneider Electric SA ERP & Business Applications - Supply and demand optimization n/a08/31/12 CIMTEK Circuit Check ERP & Business Applications - Quality lifecycle management for the manufacturing sector n/a08/30/12 NewsPage Pte Ltd. Accenture CAS GmbH ERP & Business Applications - Sales force automation and mobile applications n/a08/28/12 Inforbix Autodesk Content Management - Cloud-based data management for the manufacturing sector n/a08/28/12 Nodester AppFog Platforms, Development Tools & Deployment - Open source platform as a service n/a08/27/12 Deltek Thoma Bravo ERP & Business Applications - ERP for project-based organizations $1,03108/27/12 Kenexa IBM ERP & Business Applications - Talent acquisition SaaS $1,28008/23/12 AccessTek Armanino McKenna ERP & Business Applications - Cloud-based accounting and financial management for SMBs n/a08/23/12 Leet Systems GreyCastle Security IT Security - Firewall and VPN tools n/a08/22/12 CustomerSat Confirmit ASA ERP & Business Applications - Customer feedback management n/a08/22/12 Hubspan Liaison Technologies Platforms, Development Tools & Deployment - Cloud integration platform n/a
Announced Software Acquisitions: 3Q 2012 continued
($ millions)
Announced Target Acquirer Target Segment & Description Price
08/22/12 SiteTagger Ltd. BrightTag ERP & Business Applications - Marketing tag management n/a08/21/12 Sky Technologies Pty Ltd. Kony Solutions Platforms, Development Tools & Deployment - Mobile application management framework n/a08/20/12 Fidelis Security Systems General Dynamics IT Security - Data leak prevention n/a08/16/12 ACT750 SAS Lumata France ERP & Business Applications - Real-time customer retention and revenue management n/a08/16/12 Adeptra Fair Isaac Financial Applications - Contact and resolution managment for consumer credit and risk management sectors $11508/15/12 Atira A/S Elsevier BV ERP & Business Applications - Research management for the academic sector n/a08/15/12 Interactive Advisory Software Hanlon Financial Group Financial Applications - Web-based wealth management for investment advisors n/a08/13/12 ThinkGrid Ltd. Colt Technology Services Group Ltd. Systems & Network Management - Infrastructure and control panel platform for the IT sector n/a08/13/12 UC4 Software GmbH EQT Partners AB Systems & Network Management - Workload and virtualization management automation $27208/13/12 Vortex Connect RedPrairie ERP & Business Applications - Mobile workforce management n/a08/10/12 Ability Software Ltd. ISW Development Pty Ltd. Content Management - Email content management and archiving n/a08/09/12 Attolist Newforma ERP & Business Applications - Web-based submittal and construction administration software n/a08/09/12 Qt Development Frameworks Digia Oyj Platforms, Development Tools & Deployment - Cross platform user interface and application framework $508/08/12 FAME Facility Software Solutions Ameresco Canada ERP & Business Applications - Infrastructure asset management n/a08/08/12 InstaOps Apigee ERP & Business Applications - Mobile application performance management n/a08/08/12 Servigistics PTC ERP & Business Applications - Service lifecycle management $22008/08/12 VaraLogix BMC Software Platforms, Development Tools & Deployment - Web application deployment automation n/a08/07/12 Agile Advantage Rally Software Development ERP & Business Applications - Project and portfolio lifecycle management n/a08/07/12 Argus Information & Advisory Services Insurance Services Office Financial Applications - Benchmarking and analytics for the financial services sector $42508/07/12 Consona Aptean ERP & Business Applications - ERP for the manufacturing sector n/a08/07/12 GoLightly Advanced Solutions International ERP & Business Applications - Online community collaboration for the non-profit sector n/a08/07/12 Interchain Solution Private Ltd. Harman International Industries ERP & Business Applications - Fleet management and telematics n/a08/07/12 Pattern Insight (assets) VMware Systems & Network Management - Log management platform product line n/a08/07/12 Xformity Altametrics Business Intelligence - Real-time operational business intelligence $108/06/12 Nomadvance SA Hub Telecom SA Content Management - Master data management n/a08/03/12 Springsoft Synopsys Technical & Embedded Applications - Electronic design automation $39208/02/12 Ibcos Computers Ltd. Constellation HomeBuilder Systems ERP & Business Applications - Industry-specific dealer management n/a08/01/12 CodeEval HireVue ERP & Business Applications - Applicant screening software n/a08/01/12 Frisk Software International (assets) Commtouch Software Ltd. IT Security - Antivirus business unit $408/01/12 Peter Evans & Associates Ltd. Equiniti Group Ltd. Financial Applications - Wealth management software for the financial services sector n/a08/01/12 Umbian ResMed IT Security - Web-based compliance monitoring n/a07/31/12 Pivot CME Group Financial Applications - Liquidity management for the financial sector n/a07/31/12 Wildfire Google ERP & Business Applications - Enterprise social media management $25007/30/12 Sunquest Information Systems Roper Industries ERP & Business Applications - Healthcare information systems $1,39007/30/12 Xsigo Systems Oracle Systems & Network Management - Virtualized infrastructure for cloud optimized data centers n/a07/28/12 Correlix TS-Associates plc Financial Applications - Latency management for the trading sector n/a07/27/12 intY Ltd. Weather Investments IT Security - Enterprise internet security and anti-spam n/a07/27/12 Microtrading (assets) CK Systems Ltd. ERP & Business Applications - Pegasus accounting and payroll assets n/a07/27/12 Quantitative Alpha Trading Mobile Integrated Systems Financial Applications - Proprietary trading software for the financial services sector n/a07/26/12 The Cloud Computing Centre Ltd. Six Degrees Technology Group Ltd. Platforms, Development Tools & Deployment - Infrastructure as a service n/a07/26/12 Zencoder Brightcove ERP & Business Applications - Cloud-based video and audio encoding $3007/25/12 Trestle Flurry Platforms, Development Tools & Deployment - Mobile application analytics n/a07/24/12 TransLogix Systems Pty Ltd. CargoWise Pty Ltd. ERP & Business Applications - Transportation and logistics management in Australia and New Zealand n/a07/24/12 Upside Software SciQuest ERP & Business Applications - Contract lifecycle management $2807/19/12 IBM (assets) Atego Platforms, Development Tools & Deployment - Rational Ada Developer product line assets n/a
Announced Software Acquisitions: 3Q 2012 continued
($ millions)
Announced Target Acquirer Target Segment & Description Price
07/19/12 Skire Oracle ERP & Business Applications - Cloud-based capital project management n/a07/18/12 BlueCielo ECM Solutions BV Gilde Equity Management Benelux BV Content Management - Engineering content management n/a07/18/12 Outright The Go Daddy Group ERP & Business Applications - Online accounting and bookkeeping for small businesses n/a07/18/12 SoftPay Solutions AlphaPoint Technology ERP & Business Applications - Online billing and customer management n/a07/18/12 Yield Software Autonomy ERP & Business Applications - Internet marketing software for advertisers and digital media agencies n/a07/17/12 Access Delta Access UK Ltd. ERP & Business Applications - Warehouse management $807/16/12 Financial Architects NV Wolters Kluwer Financial Services Financial Applications - Financial management and business intelligence for the financial sector n/a07/15/12 Axios Data EDTS IT Security - Data protection and compliance n/a07/13/12 Virtuata Cisco Systems IT Security - Virtual machine security solutions n/a07/12/12 Cassis International Pte. Ltd. Morpho SA IT Security - Mobile device security $507/12/12 Wavecom Solutions Hawaiian Telcom Platforms, Development Tools & Deployment - Infrastructure as a service $1307/10/12 Involver Oracle ERP & Business Applications - Social media management platform n/a07/10/12 LPDR Ingénierie SARL Horizontal Software SAS ERP & Business Applications - Web-based recruitment for enterprises n/a07/10/12 Sword Ciboodle Ltd. KANA Software ERP & Business Applications - Social CRM n/a07/09/12 1st Touch Ltd. Aareon AG ERP & Business Applications - Mobile workforce management for the government sector n/a07/09/12 Continuum Management Services CRT Medical Systems ERP & Business Applications - Revenue and billing management for the private practice sector n/a07/09/12 GoInstant Salesforce.com ERP & Business Applications - Web-based collaboration $7007/09/12 Internet Sheriff Technology Ltd. Total Defense IT Security - Secure content and internet threat management n/a07/09/12 TGate BridgePay Network Solutions Platforms, Development Tools & Deployment - Platform as a service for the payment processing industry n/a07/06/12 Tradar Ltd. ConvergEx Financial Applications - Portfolio management for the financial sector n/a07/05/12 PeopleCube Asure Software ERP & Business Applications - Web-based facility management $1407/03/12 ASP Line Cegedim SA ERP & Business Applications - Pharmacy operations management n/a07/03/12 Lindenhouse Software Ltd. Reckon Ltd. Content Management - Document management $2307/02/12 BreakingPoint Systems Ixia IT Security - Performance and security testing $16007/02/12 Lateral Data Xerox Litigation Services Content Management - EDiscovery and data processing $3007/02/12 Mile5 Solutions Systems America Business Intelligence - Business process management for SMBs n/a07/02/12 Sigrity Cadence Design Technical & Embedded Applications - Power and signal integrity analysis for chips, packages, and printed circuit boards $78
[a] Acquired by McAfee prior to Intel acquisitionNote: “Known acquired value” includes only transactions for which data was publicly available (2007 – 2012 YTD)
2007 – 2012 YTD ($ millions)
Continued
EMC
Cisco
Dell
Salesforce
HP
IBM
Intel
Intuit
Microsoft
Oracle
SAP
Symantec
VMware
CAConsideration Equity EnterpriseDate Target % Cash % Stock Value Value
[a] Acquired by Sun Microsystems prior to Oracle acquisitionNote: “Known acquired value” includes only transactions for which data was publicly available (2007 – 2012 YTD)
2007 – 2012 YTD ($ millions)
Continued
EMC
Cisco
Dell
Salesforce
HP
IBM
Intel
Intuit
Microsoft
Oracle
SAP
Symantec
VMware
CAConsideration Equity EnterpriseDate Target % Cash % Stock Value Value
[a] Acquired by Sun Microsystems prior to Oracle acquisitionNote: “Known acquired value” includes only transactions for which data was publicly available (2007 – 2012 YTD)
EMC
Cisco
Dell
Salesforce
HP
IBM
Intel
Intuit
Microsoft
Oracle
SAP
Symantec
VMware
CAConsideration Equity EnterpriseDate Target % Cash % Stock Value Value
Equity Trading Multiples by Growth TrancheMarket Valuations of Publicly-Traded Software Companies by Growth Tranche Forward Year Median EV / Revenue by Growth Tranche
Forward Year Median P/E by Growth Tranche
Revenue Mean EV/Revenue Median EV/Revenue Mean P/E Median P/E
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Equity Trading Multiples by Comparable Subset continued
($ millions)
Business Intelligence
Global Diversified
Application Delivery & Network Acceleration
Content Management
ERP & Business Applications
Financial Applications
Human Capital Management
IT Security Management
Network Infrastructure
Platforms, Development Tools & Deployment
Storage Management
Systems & Network Management
Technical & Embedded Applications
High Growth
Highly-Profitable
Software-as-a-Service
Notes:[a] Wall Street consensus estimates[b] EV/EBITDA multiples in excess of 50x or less than 0x and P/E multiples in excess of 100x or less than 0x are considered to be not meaningful[c] Acquisition pendingSource: Company releases, Wall Street research
Close Date Company Participating Investors Description Amount
09/30/12 Anametrix TVC Capital Cloud-based business analytics and marketing intelligence $409/30/12 Bittle SAS Siparex Group Business intelligence SaaS $109/30/12 Bright Pattern Cervin Ventures SaaS customer service management n/a09/30/12 Corona Labs n/a Mobile application development platform n/a09/30/12 DataStax Crosslink Capital, Lightspeed Venture Partners, Meritech Capital Partners Open source database for on-premise or cloud-based applications $2509/30/12 docTrackr Atlas Venture, CommonAngels, Oseo, Polaris Venture Partners Cloud-based document tracking and management $209/30/12 DotNetNuke n/a Open source web application framework n/a09/30/12 Namely n/a Talent management for the advertising sector $109/30/12 NGData ING Group SA, Plug and Play Tech Center Big data management and analytics $309/30/12 ThingWorx Safeguard Scientifics Application development platform for embedded devices n/a09/30/12 Trifacta Accel Partners, X/Seed Capital Management Cross-platform interface for big data $409/28/12 Crimson Hexagon n/a Social media monitoring and analysis $209/26/12 Medallia Sequoia Capital Customer experience and feedback management SaaS $3509/26/12 V-Key IPV Capital Mobile application intrusion protection and intelligence $409/25/12 Appurify Felicis Ventures Cloud-based mobile application testing n/a09/25/12 Catavolt Clayton Associates Cloud-based mobile enterprise connectivity $209/25/12 Momindum SAS INOCAP, Starquest Capital Video indexing and synchronizing $109/25/12 Panoratio Holdings n/a Data set conversion tool $109/24/12 Zenoss Boulder Ventures Ltd., Grotech Ventures, Intersouth Partners, Summit Partners Operations software for physical, virtual and cloud-based IT infrastructure $2509/21/12 Cloudium Systems Ltd. ACT Venture Capital, AIB Seed Capital Fund, Delta Partners Ltd. High performance solutions for rich media applications $209/21/12 Rainstor Credit Suisse, Doughty Hanson, Dow Chemical, Rogers Communications, Storm Big data management $1209/20/12 Origami Logic Accel Partners Data visualization and analytics $809/19/12 Captricity Attractor, Charles River, John S. and James L. Knight Foundation, Menlo Ventures Web-based data digitalization and document management n/a09/19/12 HireIQ Solutions n/a Talent acquisition SaaS $209/19/12 SnapLogic Andreessen Horowitz, Ignition Partners, Triangle Peak Partners SaaS open source data integration $2009/18/12 Mimecast Ltd. Dawn Capital LLP, Insight Venture Partners Cloud-based email archiving and security $7509/14/12 MyVBO n/a Centralized information management for SMBs $309/14/12 Virtual Instruments General Catalyst Partners, Lightspeed Venture Partners, Next World Group Storage area network and virtual infrastructure optimization $2809/13/12 Workshare Business Growth Fund plc, Scottish Equity Partners Multi-party document collaboration $3509/12/12 Damballa Adams Street, Blumberg, GRA, Imlay Investments, InterWest, Paladin, Palomar, Sigma Botnet, malware and advanced persistent threat protection $1509/12/12 Datameer KPCB, Redpoint Ventures Big data analytics $609/11/12 CumuLogic Citrix Systems Java-based platform as a service n/a09/10/12 BrightContext Southern Capitol Ventures Real-time data processing and visualization $209/06/12 Acunu Ltd. Eden Ventures, Imperial Innovations, Oxford Technology, Pentech Ventures Turn-key analytics, database and storage software $609/05/12 Pollen Union Square Ventures Supply chain and working capital management $909/05/12 Tenable Network Security Accel Partners Network security vulnerability identification $5009/04/12 Kadrige SA Amundi SA, CM-CIC Capital Prive, H2i, Matignon Investissement & Gestion Sales and marketing management for the pharmaceutical sector $508/30/12 GramercyOne Technology n/a ERP and marketing automation SaaS for retailers $608/28/12 RiverMeadow Software n/a Cloud migration SaaS $508/28/12 Sauce Labs Salesforce.com, Triage Ventures Web application testing $308/27/12 Aerospike Alsop Louie Partners, Draper Fisher Jurvetson, New Enterprise Associates NoSQL database storage and management systems n/a08/23/12 Cloud Physics Mayfield Fund Datacenter analytics for virtualized infrastructures $308/23/12 MobileSpaces Accel Partners Enterprise mobile application security $308/22/12 Mocana Intel Capital, Shasta Ventures, Southern Cross, Symantec, Trident Capital Embedded mobile device security $2508/22/12 Mover.io Growlab Ventures Cloud data migration tools n/a
Close Date Company Participating Investors Description Amount
08/21/12 Cirro Frost Venture Partners, Miramar Venture Partners Date warehousing and cloud-based analytics $108/20/12 Magnet Systems Andreessen Horowitz, HTC Cloud-based platform for development of social CRM applications $4708/20/12 Sqrrl Data Atlas Venture, Matrix Partners Data integration and big data analytics $208/15/12 Nexaweb Technologies Masthead Venture Partners Web application migration <$108/15/12 YottaMark ATA Ventures, Fairhaven, Granite Ventures, Thomvest International, Westbury Partners SaaS fresh food tracing solutions $2408/14/12 ParStream GmbH Baker Capital, CrunchFund, Khosla Ventures, The Data Collective Big data indexing and analytics $608/10/12 ClearSlide Bessemer Venture Partners, Felicis Ventures, Greylock Partners Sales communications portal, marketing data analysis and content management $2808/09/12 AtTask n/a On-demand project planning and portfolio management $1308/09/12 Buddy Platform The Bing Fund Cloud hosting and platform for mobile applications n/a08/09/12 InsideSales.com Hummer Winblad Cloud-based inside sales support tools $408/07/12 ShiftPlanning Point Nine Management GmbH SaaS platform for workforce scheduling and coordination $108/06/12 StoredIQ n/a Automated information classification and management $108/03/12 Trackvia Access, Allen & Co., Draper Associates, Fairhaven Capital, Flywheel, Longworth Database powered applications that leverage spreadsheets for SMBs $708/02/12 AnyPresence Grotech Ventures, Kinetic Ventures Employee engagement platform for mobile devices $608/02/12 Lua Technologies IA Venture Partners Project management and team collaboration $308/02/12 OpenGamma Accel Partners, Euclid Opportunities, FirstMark Capital, ICAP plc Analytics and risk management for the financial services sector $1508/01/12 daPulse Labs Ltd. Genesis Partners Ltd. Project collaboration platform $207/31/12 Aravo Solutions n/a On-demand supplier information management $407/31/12 CA Customer Alliance GmbH High-Tech Gruenderfonds GmbH, Mountain Super Angel, netSTART Venture GmbH Customer feedback management SaaS for the hospitality sector n/a07/31/12 Pinfluencer Baseline Ventures, Freestyle Capital Big data analytics and discovery $107/31/12 Pipedrive Satori Capital, TMT Investments plc Online sales management $107/27/12 Stackdriver Bain Capital Ventures Cloud infrastructure software $507/26/12 Ordoro n/a Web-based application for order, purchasing and inventory management $107/25/12 FieldLens Contour, High Peaks, NYC Seed, Quotidian Ventures, SoftBank Capital Mobile field management for the construction sector $207/25/12 Meteor Development Group Andreessen Horowitz, Matrix Partners Open source platform for web application development $1107/24/12 ScriptRock Starfish Ventures, StartMate, Valar Ventures Management IT configuration testing $107/20/12 Agiliance n/a Enterprise governance, risk and compliance solutions platform $507/20/12 Noesis Energy Austin Ventures, Black Coral Capital Cloud-based energy management $807/19/12 Apigee Bay Partners, Focus Ventures, Norwest Venture Partners, SAP Ventures, Third Point API management $2007/19/12 Correlsense Accel Partners, Proseed Venture Capital, Technion Foundation, Vertex Venture Capital IT systems monitoring and management $307/18/12 Asana Andreessen Horowitz, Benchmark Capital, Founders Fund Management Web-based collaboration tools $2807/18/12 Data Virtuality GmbH CFH Beteiligungsgesellschaft mbH, High-Tech Gruenderfonds Management GmbH Data management for heterogeneous business intelligence environments $107/18/12 Datical Austin Ventures, DFJ Mercury, Mohr Davidow Ventures Open source database schema automation tools $107/18/12 Power Fingerprinting Center for Innovative Technology Integrity assessment and intrusion detection <$107/17/12 JLizard Ltd. Enterprise Ireland, Polaris Venture Partners, RRE Ventures Log file management SaaS $107/17/12 Racemi Harbert Management, Paladin Capital Group Data center efficiency and productivity management $707/17/12 Sigkat Acceleprise API interface for verifying credentials n/a07/16/12 Contrail Systems Khosla Ventures Virtualized network control platform $1007/13/12 Bit9 .406 Ventures, Atlas Venture, Highland Capital Partners, KPCB, Sequoia Capital Whitelisting-based security for enterprise applications $3507/12/12 Mortar Data n/a Platform as a service Hadoop programming framework $207/10/12 Seculert Ltd. Norwest Venture Partners, YL Ventures Cyber threat management SaaS $507/10/12 uCirrus ATA Ventures Virtual datastream processing for web application acceleration $207/09/12 FullContact 500 Startups, Foundry Group, High Country, SK Ventures, TechStars, Zelkova Ventures Cloud-based contact management $707/09/12 Nexenta Systems Javelin Venture Partners, Razor's Edge Fund, Sierra Ventures, TransLink Capital Open source enterprise class storage software n/a06/30/12 Aktana Starfish Ventures CRM analytics and salesforce automation $1
Note:In a typical IPO process, the offering progresses through three key milestones: the initial filing of the S-1 (prospectus; F-1 for foreign companies); an amended version of the S-1 following comments from the SEC; and pricing the offering and issuing shares to the public market.
($ millions)
Company Stage Ticker IPO Date Range Price First Filing Date Revenue (TTM) Net Income (TTM)
Mergers & Acquisitions Buy-side and sell-side M&A advisory
Divestitures
Restructuring
Private Placements & Capital Raising Later-stage venture and growth equity
Recapitalizations
IPO advisory
Corporate Strategy Strategic corporate development advisory
Fairness opinions
Selected TransactionsShea & Company has advised on billions of dollars of software transactions
Shea & Company is a technology-focused investment bank that believes focus underpins success, and success is measured by the outcomes we achieve with our clients
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