Ken Bender, our Founder and Managing Director, discusses the 2011 software M&A outlook: http://www.xconomy.com/san-diego/2011/02/25/san-diegos-software-equity-group-sees-software-ma-deals-ramping-up-in-2011/
Software Equity Group’s 2011 M&A Buyer Survey and 2010 Annual Software Industry Equity Report is now available for download. Our comprehensive, 84 page, annual report provides insight, data, and information about software industry mergers & acquisitions, initial public offerings, venture capital investments, public software company financial and stock market performance, and software industry market trends available nowhere else.
Think you know what’s in store for software M&A in 2011? Think again. We surveyed 176 of the largest software companies in the world to gain insight into their acquisition strategies for 2011. The detailed answers from many of the movers and shakers in the software industry will surprise you.
Software Equity Group’s research reports are now read and relied upon by more than twenty thousand software industry senior executives, entrepreneurs, venture capitalists and private equity investors and professional advisors in 64 countries across the globe. Shouldn’t you know what they know?
You can obtain a complimentary Executive Summary which provides some highlights from the report. The cost of the complete Software Industry Equity Report is $595. If you have any difficulty completing the purchase of your report, please contact Kelly LaMarca at firstname.lastname@example.org or 858-509-2800.
Our complimentary Monthly Flash Reports assess the financial and market performance of more than 250 publicly traded software, SaaS and Internet companies along with a selection of the month’s recent software M&A transactions.
Get your copy of the February 2011 report here: http://www.softwareequity.com/research_flash_reports.aspx
San Diego, CA, 02/1/2011 – Software Equity Group announced today that its client, Cytiva Software (TSX-V:CRX), a leading mid-market provider of on-demand recruiting software solutions, has signed a definitive agreement to be acquired by Taleo Corporation (NASDAQ:TLEO), the leading provider of on-demand talent management solutions, for approximately $11 million Canadian dollars in cash.
This acquisition solidifies Taleo’s leadership position in talent management for small and medium-sized businesses, and will extend Taleo’s customer base that will benefit from Taleo’s unified talent management platform. The acquisition continues Taleo’s commitment to offer SMB customers a fully optimized talent management suite to meet the unique needs of this market.
Cytiva software is used by more than 250 companies throughout North America including Restoration Hardware, Ocean Spray and Mediacom. Cytiva has been recognized by Bersin and Associates for its candidate and hiring manager user experience.
“We are excited about the opportunity to continue providing Cytiva’s customers with a high level of service and support while bringing them the advantages of Taleo’s full suite of recruiting, performance, succession, compensation, and learning capabilities,” said Michael Gregoire, Chairman and CEO of Taleo. “Through our experienced, dedicated integration team we will ensure that our new customers’ needs are heard and addressed as they leverage all of Taleo’s capabilities to better know their people and drive business results.”
The acquisition is subject to customary closing conditions, including regulatory approval, and is expected to be completed early in Q2, 2011.
About Software Equity Group (SEG)
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm provides both sell-side and buy-side representation to privately held companies, U.S. and foreign public companies, and several of the world’s leading private equity firms. SEG has advised and guided software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. The firm’s quarterly Software Industry Equity Reports are read by some 15,000 software industry executives, entrepreneurs and equity investors. For more information, visitwww.softwareequity.com.
For questions please contact: Allen Cinzori, Managing Director, Software Equity Group, 858-509-2800.