Cloud & SaaS Divestitures in 2020
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December 21, 2020
- Buyer
- Gilde Buy Out Partners, Management of To-Increase
- Target
- To-Increase
- Seller
- Columbus A/S
- Industry
- Cloud & SaaS
- Location
- Netherlands
- Type
- Divestiture
Columbus A/S agreed to divest its software subsidiary To-Increase to Gilde Buy Out Partners alongside To-Increase management for an enterprise value of EUR 113 million. The divestment is part of Columbus' strategic refocus to become a global consultancy and is expected to close in January 2021 subject to Works Council consultation; Gilde plans to support organic growth acceleration and bolt-on M&A for To-Increase.
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September 8, 2020
- Buyer
- Funds advised by Apax Partners (Apax)
- Target
- MyCase, Inc.
- Seller
- AppFolio, Inc.
- Industry
- Cloud & SaaS
- Location
- California, United States
- Type
- Divestiture
Funds advised by Apax Partners agreed to acquire MyCase, a cloud-based legal practice management software business, from AppFolio for approximately $193 million in cash. The transaction is a divestiture by AppFolio; Apax intends to invest in product development, sales and marketing to accelerate MyCase’s growth under private equity ownership.
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February 4, 2020
- Buyer
- 365 Data Centers
- Target
- Commack data center (500 Commack Road) — mindSHIFT Technologies facility
- Seller
- mindSHIFT Technologies (a Ricoh company)
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Type
- Divestiture
365 Data Centers acquired the 24,000-square-foot data center facility at 500 Commack Road in Commack, Long Island from mindSHIFT Technologies (a Ricoh company). mindSHIFT will remain a long-term customer under a colocation services agreement and some facility employees will join 365 as part of the transaction, which expands 365's network-centric footprint in the data-intensive Northeast.
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January 14, 2020
- Buyer
- iOFFICE
- Target
- Teem
- Seller
- WeWork
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Type
- Divestiture
iOFFICE, a Houston-based provider of workplace experience and asset management SaaS, acquired Salt Lake City-based Teem, a developer of cloud-based meeting space solutions and workplace analytics. The deal follows WeWork's divestiture of Teem and is intended to integrate Teem's meeting-space and analytics capabilities into iOFFICE's broader workplace platform to enhance customer offerings.
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