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    IT & Telecom Q4 2021

    Q4 2021 IT Telecom

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • The Rocket Science Group, LLC
    • Intuit Inc.
    • $11,755.65
    • Medallia, Inc.
    • Thoma Bravo, L.P.
    • $7,070.80
    • TracFone Wireless, Inc.
    • Verizon Communications Inc.
    • $6,900.00
    • ProQuest LLC
    • Clarivate Plc
    • $5,323.77
    • Cornerstone OnDemand, Inc.
    • Clearlake Capital Group, L.P.
    • $5,012.96
    • Cloudera, Inc.
    • Clayton, Dubilier & Rice, LLC; KKR & Co. Inc.
    • $5,002.13
    • Boomi, Inc.
    • TPG Capital, L.P.; Francisco Partners Management, L.P.
    • $4,000.00
    • Neustar
    • TransUnion LLC
    • $3,100.00
    • Meredith Corporation
    • Gray Television, Inc.
    • $2,825.00
    • Global Enterprise Asset Management (EAM) Business of Infor, Inc.
    • Hexagon AB (publ)
    • $2,751.26

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • QAD, Inc.
    • Thoma Bravo, L.P.
    • $1,642.61
    • Encora Digital, Inc.
    • Advent International Corporation
    • $1,500.00
    • Acuant, Inc.
    • Audax Management Company, LLC
    • $736.00

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Sirius Computer Solutions, Inc.
    • CDW, LLC
    • $2,500.00
    • Mailgun Technologies, Inc.
    • Pegasus Corp One
    • $1,892.17
    • Appriss Insights, LLC
    • Equifax Workforce Solutions, Inc.
    • $1,825.00
    • PK Global
    • Concentrix Corporation
    • $1,575.00
    • Frame.io, Inc.
    • Adobe Ince
    • $1,275.00
    • Products Business of FireEye, Inc.
    • McAfee Enterprises, Inc.
    • $1,200.00
    • Inteliquent, Inc.
    • Sinch AB
    • $1,140.00
    • Clarabridge, Inc.
    • Qualtrics International Inc.
    • $1,125.00

     

    Source S&P Capital IQ as of 1/11/2022 and PCE Proprietary Data

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    PCE Transactions

    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. Feiner, Lauren "FTC Sues to Block Nvidia's $40 billion acquisition of Arm," 2 Dec. 2021.
    2. Tangel, Andrew and FitzGerald, Drew “5G Truce Expected to Avert Many – But Not All – Flight Disruptions,” The Wall Street Journal, January 5, 2022.
    3. Shen, Michelle. “Ransomware attack on Kronos could disrupt how companies pay, manage employees for weeks.” USA Today, Gannett Satellite Information Network, LLC., 14 Dec. 2021.
    4. Fieldstadt, Elisha. “Another Amazon Web Services outage disrupts Facebook, DoorDash, Hulu.” NBC News, NBC Universal, 15 Dec. 2021.
    5. DiChristopher, Tom. “Pipeline operators face huge challenge preventing repeat of Colonial hack.” S&P Capital IQ, S&P Global Market Intelligence, 7 Dec. 2021.
    6. Brandom, Russell, “Jessica Rosenworcel Confirmed by Senate to Lead the FCC,” The Verge, December 7, 2021.
    7. Calatayud, Adrià. “Cybersecurity Stocks' Valuations Remain High Despite Selloffs -- Market Insight.” S&P Capital IQ, S&P Global Market Intelligence, 2 Dec. 2021.
    8. Driebusch, Corrie and Lombardo, Cara. “Intel Plans an IPO For Robot-Car Unit.” The Wall Street Journal, Dow Jones & Company, Inc., 7 Dec. 2021.

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