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    IT & Telecom Q3 2020

    Q3-2020-IT-Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
      • Ellie Mae, Inc.
      • Intercontinental Exchange, Inc.
      • $11,019.34
      • Project Viking Holdings, Inc.
      • Roper Technologies, Inc.
      • $5,350.00
      • LogMeIn, Inc.
      • Francisco Partners Management L.P.; Evergreen Coast Capital Corp.
      • $4,677.03
      • RSA Security LLC
      • AlpInvest Partners BV; Symphony Technology Group, LLC; Ontario Teachers Pension Plan Board
      • $2,075.00
      • Optimal Blue LLC
      • Black Knight, Inc.
      • $1,800.00
      • Forescout Technologies, Inc.
      • Advent International Corporation; Crosspoint Capital Partners, LP
      • $1,664.46
      • Prepaid Wireless Busienss of Spring Corporation
      • DISH Network Corporation
      • $1,400.00
      • Silver Peak Systems, Inc.
      • Aruba Networks, Inc.
      • $925.00
      • Majesco
      • Thoma Bravo, LLC
      • $732.94
      • Reflexis Systems, Inc.
      • Zebra Technologies Corporation
      • $575.00

     

    Source S&P Capital IQ as of 10/13/2020 and PCE Proprietary Data

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    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. Kovach, Steve. “Apple Reverses Decision to Charge Businesses Fees for Events, but Facebook Still Isn't Happy.” CNBC, CNBC, 25 Sept. 2020.
    2. FitzGerald, Drew. “T-Mobile Overtakes AT&T to Become No. 2 Carrier.” The Wall Street Journal, Dow Jones & Company, 6 Aug. 2020.
    3. Kharpal, Arjun. “Huawei Says Qualcomm Applied for a License to Sell It Chips and the Chinese Giant Will Use Them If Allowed.” CNBC, CNBC, 23 Sept. 2020.
    4. FitzGerald, Drew. “Pentagon Opens Door to 5G Network Shared With Civilian Cellphones.” The Wall Street Journal, Dow Jones & Company, 21 Sept. 2020.
    5. FitzGerald, Drew. “Cheap Online Live-TV Bundles Aren't So Cheap Anymore.” The Wall Street Journal, Dow Jones & Company, 2 July 2020.
    6. FitzGerald, Drew. “Frontier Taps Former Verizon Executive to Lead Telecom Out of Bankruptcy.” The Wall Street Journal, Dow Jones & Company, 1 Sept. 2020.
    7. Kovach, Steve. “Apple Reverses Decision to Charge Businesses Fees for Events, but Facebook Still Isn't Happy.” CNBC, CNBC, 25 Sept. 2020.
    8. Phillips, Rich. “Amdocs, Microsoft, VMware, Other Technology Leaders Join 5G Open Innovation Lab as Founding Partners to Help Start-Ups, Entrepreneurs Develop Groundbreaking 5G Services, Applications.” The Wall Street Journal, Dow Jones & Company, 24 Sept. 2020

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