M&A Snapshot Q3 2016

Web: architectpartners.com | Email: jar@architectpartners.com

M&A SNAPSHOT
Q3 - 2016
2014

Total M&A Exits (a)

2015

Q3

Q4

Q1

Q2

Q3

Q4

509

539

639

785

604

630

Q1

2016
Q2

Q3

688

792

797

Core M&A exits up 14%

year-over-year.
Down 12% from Q2.

Core M&A Exits (b)

74

63

76

$18.5

Consideration
Exchanged

$13.8

86

80

$20.0

$20.5

94

103
79

$22.1

$21.0

91

$21.2

$14.8

$13.5

$billions (b)

Average Consideration
$232mm.
Down 10%Year-OverYear

Proportion Premium Value (c)

% of Total M&A Exits

4%

4%

4%

3%

3%

3%

3%

2%

3%

% of Core M&A Exits

18%

29%

27%

20%

24%

19%

25%

18%

23%

Source: Architect Partners LLC, Capital IQ, company filings and public information
a) M&A exits within Mobile | Internet | Digital Media sectors
b) Core M&A exits are defined as transactions with announced or estimated values between $25 million and $1 billion in consideration, as these typically represent successful businessbuilding endeavors
c) Premium value transactions are defined as greater than 5 times invested equity capital or 5 times estimated last twelve months revenue (LTM)

M&A BY SECTOR

Service Provider

Q3 - 2016

15%
Ecommerce
10%

Media

App
Development
Consumer
Application
2%
11%
Analytics
Application
5%

12%
19%

Security

Core Transactions by Sector

2%
5%

Network
Infrastructure

12%
Hardware

5%
Digital
Marketing

Enterprise
Application

Number of Deals
by Sector
SECTORS

$1,735

$2,662

$906 $2,247 $737 $136

Total sector M&A value in $mm

$1,998

$1,448

$2,291

$3,741

Source: Architect Partners LLC, Capital IQ, company filings and public information

$3,251

Consumer Application
Enterprise Application
Analytics Application
Network Infrastructure
App Development
Security
Ecommerce
Digital Marketing
Media
Hardware
Service Provider
3

PREMIUM VALUE DEALS

Q3 - 2016

Premium Value is defined as greater than 5 times invested equity capital

or 5 times the estimated last 12 months revenue (LTM)

Target | Acquirer x LTM Revenue

Shenzhen Xiaodou Tech. | Jiangsu Protruly Vision
Oneclickretail.com | Ascential plc
Shenzhen Mokylin Tech. | Wolong Real Estate
Olapic, Inc. | Monotype Imaging Inc.
Gawker Media Group | Univision Holdings
Gold Master Company | Yintech Investments
Apigee Corporation | Alphabet Inc.
Great Roc Capital | Pearl Bay Investments
Quip, Inc. | Salesforce.com, Inc.
DTS Inc. | Tessera Technologies Inc.
QHR Corporation | Loblaw Companies Limited

56x
46x

LTM revenue multiple of

the target at the time of
acquisition
LTM revenue multiple of
the acquirer at the time
of acquisition, if available

10

12

14

16

18

20

Target | Acquirer x Invested Capital

Orbitera, Inc. | Google, Inc.

50x

Meridium, Inc. | General Electric

Nervana Systems | Intel Corporation
Analogix Semiconductor | Beijing Shanhai Capital
TouchCommerce, Inc. | Nuance Communications
InnoLight Tech | Shandong Zhongji Electric
BlazeMeter LLC | CA, Inc.
VIA optronics | Integrated Microelectronics
IronPlanet, Inc. | Ritchie Bros. Auctioneers
Turi, Inc. | Apple Inc.
0

10

12

14

16

18

20

Source: Architect Partners LLC, Capital IQ, company filings and public information

MOST ACTIVE
ACQUIRERS LTM
(In terms of number of Acquisitions)

1.

2.
2 / 13 | $28.4B
Beam Interactive
Genee

6.

3.
5 / 10 | $745mm
Apigee
Cluster Labs
FortyTwo
Moodsticks SAS
Orbitera

7.
2 / 8 | $10.8B
NetSuite
Palerra

4.
1 / 10 | $3.1B
ContainerX

8.
4 / 7 | $3.8B
BeyondCore
HeyWire
Quip, Inc.

5.

9.
3 / 7 | $9.0B
Fleetmatics Group
Sensity Systems
Yahoo!

3 / 8 | $220mm
Gliimpse
Tuplejump
Turi

0 / 9 | $2.2B
None

10.
3 / 5 | NA
Angel.ai
Cloud9 IDE
Curse, Inc.

1 / 5 | $525mm
Nervana Systems

Number of new deals in Q3 / total deals last 4 quarters | total spend last 4 quarters (a)
a) A number of transactions do not disclose acquisition price, so aggregate value of deals over the last twelve months is likely understated.
Source: Architect Partners LLC, Capital IQ, company filings and public information

CORE TRANSACTIONS
Q3 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Alibaba Group

Beijing Zhuoyi Xunchang

Technology Co. Ltd.

30

Oers software to download applications, videos, and music. The company

was founded in 2010 and is based in Shenzhen, China.

Alphabet Inc.

Apigee Corporation

637

Develops a software platform that enables application programmable

interface (API) based digital strategies and business insights for enterprises.
Founded in 2004, based in San Jose, CA.

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Apple Inc.

Turi Inc.

200

Provides machine learning platform that enables data scientists and

application developers to create intelligent applications. The companys
platform enables users to extract, transform, and load data from various
sources. Founded in 2013, based in Seattle, WA.

Ascential plc

Oneclickretail.com LLC

225

Provides eCommerce data measurement, sales analytics, and search

optimization services through its OCR platform for brand manufacturers in
North America, Europe, and Asia. Founded in 2013, based in Sandy, UT.

Atos SE

Anthelio Healthcare Solutions

Inc.

275

Provides Legacy Archive Solution (LAS), a Web-based database driven

aggregation and presentation tool for archival for healthcare providers.
Founded in 1999 an based in Dallas, TX.

BCE Inc.

Q9 Networks Inc.

513

Designs, builds, and operates data centers that provide co-location services;
computing infrastructure services; and network services. Founded in 1995,
based in Toronto, ON.

Beasley Broadcast Group

Inc..

Greater Media, Inc.

240

Owns and operates radio stations that broadcast adult contemporary music
as well as a website. Founded in 1956, based in Braintree, Massachusetts.

Beech Tree Private Equity

Wavenet Limited

45

Oers Ethernet and EFM services for businesses that need access to voice,
data, video, and cloud-based services; hosted telephony phone line service
for small to enterprise businesses; business broadband services; unified
communications services. Founded in 2000, based in Shirley, UK.

Beijing Kunlun Tech Co., Ltd

Opera Software ASA, Certain

Parts of Consumer Business

600

Certain Parts of Consumer Business comprises a business developing web

browsers for internet consumers.

Beijing Orient National

Communication Science &
Technology

Ruisoft Technology Co.

65

Develops software solutions for health care industry. Founded in 2004,

based in Beijing, China.

500

Designs and manufactures high-performance analog and mixed-signal

semiconductor devices for digital multimedia and communications markets.
Founded in 2002, based in Santa Clara, CA.

Beijing Shanhai Capital

Management Co, Ltd.

Analogix Semiconductor, Inc.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Broadridge Financial
Solutions, Inc.

INVeSHARE, Inc., Technology

Assets

135

Develops blockchain applications for proxy business. Founded in 2012,

based in the Atlanta, GA.

TARGET DESCRIPTION

CA, Inc.

BlazeMeter LLC

100

Develops open source-based continuous application performance testing

solutions for developers. The company facilitates software delivery through
its Performance-Testing-As-Code platform. Founded in 2011, based in Palo
Alto, CA.

Catapult Group
International

XOS Digital, Inc.

60

Provides content management solutions and digital coaching technology for

professional and collegiate athletics. Founded in 1999, based in Orlando, FL.

China Evergrande Group

Jifutong Payment Company

Limited

86

Develops an internet and mobile payment service platform. Founded in

2008, based in Shanghai, China.

Chinese consortium

BlindSpot

28

BlindSpot develops anonymous messaging application. The company is

based in Israel.

Concentrix Corporation

Aditya Birla Minacs Worldwide

Ltd.

420

Develops and provides customer lifecycle, marketing, finance and

accounting, procurement outsourcing, and information technology (IT)
solutions and services for corporations in India and internationally. Founded
in 1999, based in Bengaluru, India.

Dassault Systmes SE

Computer Simulation
Technology AG

242

Develops and markets software for the simulation of electromagnetic fields

in various frequency bands worldwide. Founded in 1992, based in
Darmstadt, Germany.

Divyank Turakhia's
Starbuster

Media.net

900

Eco City Vehicles Plc

Tax Computer Systems Limited

97

Enel Open Fiber SPA

Metroweb Italia S.p.A.

792

A contextual advertising company that provides trac monetization

solutions to web publishers and advertisers. It provides content
monetization, search targeting, and mobile advertising services. Founded in
2010, based in Austin, TX.
Oers Alphatax Business Entry Platform, a tax compliance solution for small
corporations that incorporate year-end tax provisioning and Alphatax
Business Advanced platform, a tax compliance solution, which incorporates
automated data collection processes. Founded in 1991, based in Stainesupon-Thames, UK.
Owns and operates a fiber optic network in Milan and Lombardy. It oers
various types of fiber optics connections, such as metropolitan connections
to connect various oces of customers. Founded in 2005, based in Milan,
Italy.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

EQT Partners AB

XP Solutions Inc.

49

Provides drainage and flood hazard software for the civil engineering and
environmental sectors. It oers MicroDrainage, a drainage design tool for
sustainable drainage systems. Founded in 1974, based in Portland, OR.

Eurona Wireless Telecom,

S.A.

QUANTIS GLOBAL, S.L,

48

Provides Internet satellite broadband solutions for home, small and mediumsized enterprises, and businesses in Europe. Founded in 1990, based in
Madrid, Spain.

Extreme Networks Inc

Zebra Technologies Corporation,

Wireless LAN Business

55

Zebra Technologies Corporation, Wireless LAN Business comprises wireless

LAN equipment manufacture and support business.

495

Provides asset performance management software and services worldwide.

It oers APM Foundation that manages data across multiple functional
areas, systems, and geographic locations. Founded in 1993, based in
Roanoke, VA.

General Electric Company

Meridium, Inc.

Google Inc.

Orbitera Inc.

100

Operates a cloud marketplace and sales platform. Its platform allows

organizations to distribute and monetize cloud-based services, software,
and solutions. Founded in 2012, based in West Hollywood, CA.

Guidewire Software, Inc.

FirstBest Systems, Inc.

34

Develops and markets insurance underwriting software technology solutions

to property and casualty, workers compensation, commercial, and specialty
insurance companies. Founded in 2006, based in Bedford, MA.

Hewlett Packard Enterprise

Company

Silicon Graphics International

Corp.

350

Develops, markets, and sells various servers, enterprise-class storage

hardware, dierentiating software, and solutions in the Americas, the Asia
Pacific, and European countries. Founded in 2002, based in Milpitas, CA.

Huge Group Ltd

ConnectNet Broadband
Wireless (Pty) Ltd

29

Provides managed data access solutions through GSM data networks. It

oers G-Pad (GPRS)/T-Pad (EDGE), which are multi-SIM modems providing
wireless data communications to various markets through GSM data
networks. Founded in 2004, based in Centurion, South Africa.

Infineon Technologies AG

Wolfspeed

850

Operates a SiC and GaN wide bandgap Power and RF fabrication facility. Its
power devices provide increased eciency, higher switching frequency and
reduced system size. Founded in 1993, based in Durham, NC.

InfoVista S.A.

Ascom Network Testing Inc.

59

Provides solutions for wireless operators to measure, analyze, and optimize

their mobile networks in the TEMS suite. Founded in 1987, based in Reston,
VA.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Integrated Microelectronics,
Inc.

VIA optronics GmbH

53

Designs, manufactures, and markets interactive or non-interactive LCD

system solutions with optional customized cover glass or touch panels to
customers worldwide. Founded in 2005, based in Altdorf, Germany.

Intel Corporation

Nervana Systems

350

Develops custom hardware solutions for machine learning algorithms that

enable computers to analyze and learn from massive amounts of data.
Founded in 2012, based in San Diego, CA.

IRESS Limited

Financial Synergy Pty. Limited

69

Develops and provides superannuation and investment software,

administration services, and products for the wealth management industry.
The company was founded in 1978 and is based in Melbourne, Australia.

Jiangsu Protruly Vision

Technology Group

Shenzhen Xiaodou Technology

Co., Ltd.

58

Develops edtech application Baoan School. Baoan school is a real education

based on the relationship between the teaching platform. Founded in 2010,
based in Shanghai, China.

John Wiley & Sons Inc.

Atypon Systems

120

KBR Holdings, LLC

Honeywell Technology Solutions

Inc.

300

Link JV Holdings,

Shanghai Huan Yi Technology

Co., Ltd.

38

Loblaw Companies Limited

QHR Corporation

130

Luxoft Holding, Inc.

INSYS Group Inc.

71

Monotype Imaging Inc.

Olapic Inc.

130

Provides software solutions for digital content delivery, discovery, and

monetization to publishers. The company oers Literatum, a publishing
platform for professional and scholarly publishers to host journal articles,
eBooks. Founded in 1996, based in Santa Clara, CA.
Provides management, space systems and services, engineering, logistics,
information technology, and testing and calibration solutions. It oers
integrated avionics, engines, systems, and service solutions. Founded in
1950, based in Columbia, ML.

Manufactures and exports electronic products and components. The

company is based in Shanghai, China. Shanghai Huan Yi Technology Co., Ltd.
operates as a subsidiary of Huan Hsin Holdings Ltd.
Provides electronic medical records applications and hosting for physicians
medical oces. The company oers a suite of medical software modules
that provides computer-based medical records for specialist, primary care,
and allied health professionals. Founded in 1997, based in Kelowna, Canada.
Provides big data and data analytics, business and industry consulting,
business intelligence and data warehouse, digital marketing, enterprise
information management, financial regulation, IT security, and quality
assurance and testing services. Founded in 2000, based in Rochelle Park,
NJ.
Operates a visual marketing platform that turns consumer-generated photos
and videos into brand assets for use in marketing channels and e-commerce
environments. Founded in 2009, based in New York, NY.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Myntra Designs Private

Limited

Xerion Retail Private Limited

70

Operates an online fashion and lifestyle store for women, men, and kids.
Founded in 2011, based in Gurgaon, India.

Nantian Electronics
Information Corp

Karakal

94

Develops and operates media asset management software, analyze video

and music data, provides telecom value added service, and Internet services.
Founded in 2010, based in China.

145

GN Otometrics A/S develops, manufactures, and markets hearing and

balance instrumentation and software to healthcare professionals
worldwide. Founded in 2000, based in Taastrup, Denmark.

Natus Medical Inc.

GN Otometrics A/S

TARGET DESCRIPTION

Nemetschek SE

Design Data Corp.

49

Develops steel industry software solutions. The company serves industrial,

oshore, grating, plant, mining, commercial, military, bridges, and healthcare
sectors through a network of distributors worldwide. Founded in 1981, based
in Lincoln, NE.

Ningbo Cixing Co.,LTD

Optimal Cast Technology

90

Optimal Cast Technology comprises a platform for mobile Internet

advertisements. Founded in 2009, based in Oslo, Norway
Provides information technology (IT) services in Australia. Its managed
services include service and delivery management, services desk, desktop,
database administration, and remote database administration business
solutions. Founded in 1996, based in Perth, Australia.
Oers RightTouch, a platform for online conversion that integrates content
and product recommendations, ratings and reviews, and chat and customer
feedback solutions delivered directly to engaged consumers. Founded in
1999, based in Agoura Hills, CA.

Nomura Research Institute,

Ltd.

ASG Group Limited

276

Nuance Communications,
Inc.

TouchCommerce, Inc.

215

NZME. Limited

Fairfax New Zealand Limited

41

Publishes and distributes newspapers and magazines in New Zealand. It also

provides various services through its Websites; and online tender
notification services. Founded in 2003, based in Wellington, New Zealand.

OpenMail, LLC

Blucora, Inc., Infospace business

45

Infospace asset provides online search and monetization solutions. Founded

in 1996, based in Bellevue, WA.

PayU Payments

Citrus Payment Solutions

130

Provides solutions for digital payments and online checkout processes in

India. The company oers various payment options, such as TurboCheckout, a solution that automatically enters the consumers payment
details. Founded in 2011, based in Mumbai, India.

Pearl Bay Investments

Limited

Great Roc Capital Securities

Limited

35

Owns and operates an online platform for the trading of securities. Founded
in 2005, based in Hong Kong.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

10

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Playtech plc

Best Gaming Technology AG

153

Provides technology and solutions for the gambling and games of skill
industry. It develops turnkey solutions for gambling industry, including
sports and horsebetting, as well as games of skill. Founded in 2010, based in
Vienna, Austria.

Posiflex Business Machines

Inc.

KIS Acquisition Corp.

105

Develops or modifies computer software and packaging for administrative

payroll. Founded in 2006, based in Boulder, CO.

Randstad North America,

LP

Monster Worldwide, Inc.

486

Provides online and mobile employment and recruitment solutions

worldwide. Operates one of the biggest job portals in North America.
Founded in 1967, based in Weston, MA.

Restore PLC

PHS Data Solutions Limited

109

Provides data and document management solutions in the United Kingdom.

The company oers a range of services, including document scanning,
storage, records management, data security, sta vetting, authorized
personnel, and data protection. Founded in 2016, based in Caerphilly, UK.

Ritchie Bros. Auctioneers

Inc.

IronPlanet, Inc.

759

Provides online auction services in the United States and internationally. The
company operates an online marketplace for buying and selling used heavy
equipment. Founded in 1999, based in Pleasanton, CA.

salesforce.com, inc.

Quip, Inc.

582

Develops a word processor that enables users to create documents. Also

operates as a collaboration hub for various companies around the world.
Founded in 2012, based in San Francisco, CA.

SAP SE

Altiscale, Inc.

125

Provides purpose-built cloud services to run Apache Hadoop dial tone

operations. Founded in 2011, based in Palo Alto, California.
Provides business telecommunications services. The company oers voice,
data, access, cable, collaboration, wireless, and cloud services. It distributes
services for telecom carriers, cloud services providers, and technology
partners. Founded in 1994, based in Petaluma, CA.
Provides satellite services by maintaining a fiber based satellite network. It
oers global broadband connectivity, including Internet and mobile
connectivity services for telecommunications operators. Founded in 2007,
based in St Helier, Channel Islands.

ScanSource, Inc.

Intelisys Communications, Inc.

234

SES, S.A.

O3b Networks Limited

730

Shandong Zhongji Electrical

Equipment Co., Ltd

InnoLight Technology
Corporation

419

Researches, designs, builds, and markets high-end optical transceivers

primarily in China, North America, Europe, Japan, South Korea, Russia, and
Israel. Founded in 2008, based in Suzhou, China.

Shenzhen Mason
Technologies Co., Ltd.

Xindongkeji Inc.

560

Xindongkeji Inc. is a mobile internet service provider. The company is

headquartered in China.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

11

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

SIA S.p.A.

UniCredit Business Integrated

Solutions

559

Oers card processing services. The asset is located in Italy, Germany, and
Austria.

Simei Media Co.,Ltd.

Zhangxintuowei and Grand

Media Ltd.

234

Provides online literary copyright operation services. Grand Media Ltd. plans,
produces, and distributes films and television plays. Zhangxintuowei and
Grand Media Ltd. are based in China.

TARGET DESCRIPTION

SMI Investment (HK)

Limited

SMI Culture Group Holdings

128

Provides cross-media services in the Peoples Republic of China. The

companys cross-media services include production and distribution of films
and television (TV) dramas. Founded in 1995, based in Central, Hong Kong.

Sony Pictures Networks

India Pvt. Ltd.

Taj Television Limited

385

Operates a portfolio of television sports channels. Its channels broadcast

cricket, football, golf, tennis, WWE, news and live events, and others
programs. Founded in 2001, based in Dubai, United Arab Emirates.

SpeedCast International
Limited

WINS Limited

67

Provides internet protocol (IP) connectivity and telecommunication services

using satellite technology. Founded in 2005, based in Santa Venera, Malta.

STMicroelectronics NV

ams AG, NFC and RFID Reader

Assets

115

NFC and RFID Reader Assets of ams AG was acquired by STMicroelectronics

NV. NFC and RFID Reader Assets of ams AG comprises NFC and RFID reader
product lines to create wireless IoT sensor solutions.

Superloop Limited

BigAir Group Limited

174

Provides managed services, cloud-based solutions, and networking

infrastructure in Australia. The company oers a range of network services,
including wide area network, fixed wireless network, local area network, and
fixed line connectivity. Founded in 2002, based in St Leonards, Australia.

SYNNEX Corp.

Minacs Limited

420

Oers marketing optimization, customer experience management, product

and technical support, advanced analytics, finance and accounting, and IT
services. Founded in 2006, based in Oshawa, Canada.

T.C.L. Industries Holdings

(H.K.) Limited; Jade Ocean
Global Limited

Novatel Wireless, Inc.,

Substantially All Assets

140

Novatel Wireless will sell to TCL its mobile broadband business (including its
MiFi branded hotspots and USB modem product lines).

Takeaway.com Holding B.V.

JUST EAT plc, Benelux

Businesses

25

Comprises online food ordering and delivery business. The assets are
located in the Netherlands and Belgium.

Tech Semiconductors Co.,

Ltd.

Shanghai Runjin Media Co.,Ltd.

121

Engages in production of films and TV operas. The company is

headquartered in China.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

12

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016
BUYER

Terrapin 3 Acquisition Co.

Premium Value M&A

TARGET
Yatra Online Private Limited

TRANSACTION
VALUE ($MM)
218

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Provides consumer-direct travel services for business and leisure travels in

India. Oer its services through its Website, a mobile optimized WAP site
and applications. Founded in 2005, based in Gurgaon, India.
Provides audio solutions that are incorporated into various consumer
electronics devices. Its audio technologies enable recording, delivery, and
playback of simple and personalized high-definition audio. Founded in 1990,
based in Calabasas, CA.
A reality-TV content company, which creates unique content for multichannel audiences. Produces video production of so-called reality television
in Asia for a range of consumers that find their content both on the
television and online at sites such as Netflix and Hulu.
Oers first class software and services to the public sector. The Safeguard
Risk Management Systems are already installed in over 100 organisations
driving up the standards of Governance, Safety and Customer Services.
Founded in 2001, based in Atlanta, GA.

Tessera Technologies Inc.

DTS Inc.

942

The Marketing Group Plc

Augustus Group Ltd

58

The Marketing Group Plc

Ulysses Ltd

26

The Reynolds and Reynolds

Company

Wolters Kluwer N.V., Indirect

Loan Origination Solutions and
AppOne Software Platform

36

Asset comprises a loan orientation software solutions and an AppOne

software platform for automotive retailers. The asset is located in the
Netherlands.

Tieto Oyj

Emric AB

35

Oers loan origination and loan administration solutions: CREDIT SCIENCE,

enables the configuration of lending products through its Software-as-aService module. Founded in 1999, based in Stockholm, Sweden.
A broadband communications company, provides a suite of Internet,
television (TV), and phone services to residential and business customers in
Texas. It oers high-speed Internet, wireless home networking, and fiber
Internet services. Founded in 1999, based in San Marcos, TX.
Develops semiconductor optical components. The company oers image
sensor foundry solutions focusing on turnkey services; and color filter and
micro lens, including color filter and micro lens array, backside illumination,
professional testing, IR application, and wafer level quantum eciency
testing solutions. Founded in 2003, based in Hsinchu City, Taiwan.

TPG Capital, L.P.

Grande Communications
Networks LLC

650

TSMC Partners

VisEra Technologies Company

Ltd.

177

Unison Capital, Inc.; Dentsu

Inc.; Shizuoka Capital
Company Limited; Fukuoka
Capital Partners Co., Ltd.

Yuko Yuko Corporation

191

Publishes travel information magazines and on its website. Founded in

2000, based in Tokyo, Japan.

Univision Holdings, Inc.

Gawker Media Group, Inc.

135

Publishes titles on the Web for readers in the United States. Founded in
2002, based in Cayman Islands.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

13

CORE TRANSACTIONS

(CONTINUED)

Q3 - 2016
BUYER
Vector Capital

Premium Value M&A

TARGET
Sizmek Inc.

WideOpenWest Finance,
LLC

HC Operating Company, LLC

Wolong Real Estate Group

Co.,Ltd.

Shenzhen Mokylin Technology

Co., Ltd.

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

114

Operates an online ad campaign management and distribution platform that

provides online advertising services worldwide. Founded in 2002, based in
Austin, Texas.

53

Provides digital services in Georgia. Its services include digital cable

television; high-speed Internet; and phone systems, such as local and long
distance, PBX functionality, remote Web portal, and digital phone for
business customers. Founded in 2008, based in Newnan, GA.

664

AP M&A
ALERT

VC-BACKED

Develops games. It oers browser, mobile, and client based games. The
company serves customers in Europe, China, Korea, Southeast Asia, and
North America. Founded in 2011,based in Shenzhen, China.

Xingmin Intelligent
Transportation Systems Co.,
Ltd.

Yes Way

37

Develops and provides Internet of cars software solutions. Engages in

building smart driving systems based on platform, data, and applications,
serving brands such as Toyota, Honda, Benz, Ford, and Hyundai. The
company is based in China.

Yintech Investment
Holdings

Gold Master (HK) Company

Limited

218

Oers online spot commodity trading services to individual customers in

China. Founded in 2012, based in Hong Kong.

YOU On Demand Holdings

M.Y. Products, LLC

51

M.Y. Products, LLC is a video commerce and supply chain management

operator. The company is based in the Omaha, NE.

Zeus Interactive Co., Ltd.

Shenzhen Yihua Technology Co.,

Ltd.

148

Shenzhen Yihua Technology Co., Ltd. develops and operates mobile games.
The firm is headquartered in Shenzhen, China.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

14

OTHER NOTABLE DEALS

Q3 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Provides a container platform for enterprise IT applications. It oers ContainerX to

view entire infrastructure in one simple management console, as well as provide
APIs for enterprises that want to integrate the platforms capabilities into their
custom management portals. Founded in 2015, based in San Jose, CA.

Cisco Systems, Inc.

ContainerX

NA

Hangzhou Kuaizhi Technology

Co., Ltd.

UberChina

8,000

UberChina operates a cab hailing mobile application. The company is based in

China. UberChina operates as a subsidiary of Uber Technologies, Inc.

Inception Parent, Inc.

Rackspace Hosting, Inc.

4,949

Provides managed cloud services in the business information technology (IT)

market worldwide. The company provides a portfolio of integrated IT solutions for
business needs across two primary form factors, dedicated cloud and private
clouds, and managed public clouds. Founded in 1998, based in San Antonio, TX.

Oracle Corporation

NetSuite Inc.

9,073

Provides cloud-based financials/enterprise resource planning (ERP) and

omnichannel commerce software suites in the United States and internationally.
Founded in 1998, based in San Mateo, CA.

Oracle Corporation

Palerra, Inc.

NA

TPG Capital, L.P.

Intel Security Inc.

3,100

Develops and delivers security solutions and services that protect systems,
networks, and mobile devices for business and personal use in the United States
and internationally. Founded in 1987, based in Santa Clara, CA.

Verizon Communications Inc.

Fleetmatics Group PLC

2,378

Oers Web-based and mobile application solutions that oer fleet operators with
visibility into vehicle location, fuel usage, speed and mileage, and other insights into
their mobile workforce. Founded in 2004, based in Tallaght, Ireland.

Verizon Communications Inc.

Yahoo! Inc., Operating Business

4,826

Includes Yahoos core internet business and some real estate (email, news and digital media),
but exclude stakes in Alibaba and Yahoo Japan.

Wal-Mart Stores Inc.

Jet.com, Inc.

3,300

Operates a smart shopping platform that allows its member to shop online from
various retailers. Founded in 2014, based in Hoboken, NJ.

Oers LORIC, a cloud security automation platform to protect enterprises cloud

footprint from branded applications, such as Microsoft Oce 365 to infrastructure,
including AWS, and more. Founded in 2013, based in Santa Clara, CA.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

15

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