Q&A With Perforce CEO Janet Dryer on the Seapine Acquisition

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By Arnav Joshi

Perforce Software moved corporate headquarters from California to Minnesota over the summer as former HelpSystems CEO Janet Dryer took the CEO role.

Formed in 1995, the company specializes in version management and collaboration software for the enterprise, now with 300 global employees across six offices.

With backing from PE firm Summit Partners Perforce acquired Ohio-based Seapine Software earlier this month; Dryer expanded on the deal for us thanks to our M&A underwriter Franklin Partners.

Franklin Partners

How did you get to know Seapine and what was the primary appeal?

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The Datalink Deal That Almost Wasn’t

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By Michael Novinson, CRN

screen-shot-2016-11-07-at-9-39-52-amDatalink could have sold the company for $17 million more, but its lackluster financial results scared one prospective suitor away and prompted Insight Enterprises to cut its offer price.

Tempe, Ariz.-based Insight, No. 15 on the CRN Solution Provider 500, made Eden Prairie, Minn.-based Datalink, No. 43 on the CRN SP 500, work hard for a deal. Insight cut the transaction amount by $17 million and required what Datalink considered to be unusually high levels of financial transparency, according to SEC filings.”

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Minneapolis HQ Perforce Software Buys Seapine Software In Ohio

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screen-shot-2016-11-17-at-7-59-43-amVia News Release

“MINNEAPOLIS, Nov. 17, 2016 /PRNewswire/ — Perforce Software, a leader in version control and source code management, today announced its acquisition of Seapine Software, a leading provider of application lifecycle management (ALM) solutions, based in Mason, Ohio.”

 

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Eden Prairie IT Firm Datalink Purchased By Insight Enterprises For $258 Million

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screen-shot-2016-11-07-at-9-39-52-amVia News Release

“TEMPE, Ariz. & EDEN PRAIRIE, Minn.– Insight Enterprises (Nasdaq:NSIT), an Intelligent Technology Solutions™ provider (“Insight” or “the Company”), and Datalink Corporation (Nasdaq:DTLK), a leading provider of IT services and enterprise data center solutions (“Datalink”), have entered into a definitive merger agreement under which Insight will acquire Datalink for $11.25 per share in cash, representing a 19% premium to Datalink’s closing share price on November 4, 2016. The transaction implies an equity purchase price of approximately $258 million and an enterprise value of approximately $196 million (net of cash and debt acquired).”

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Code42 Opens Tech Office In Colorado

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Via News Release

“BROOMFIELD, Colo.–(BUSINESS WIRE)–Code42, the leader in endpoint data security and recovery, today announced the opening of a new office in Broomfield, Colorado, to tap into the Denver area’s growing reputation as a technology hub and center for a highly skilled workforce. The goal of the new office is to hire the best talent and continue the company’s quest to deliver ongoing innovation to its rapidly growing list of enterprise customers.”

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App Data Room Closes A Round & Changes Name To Modus Engagement

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S_ON1yM3Via News Release

App Data Room, the leading enterprise mobile sales enablement platform, announced today it has completed a Series A round of financing led by Sopris Capital. The company will leverage this investment to expand its market presence and continue to broaden its global sales enablement capabilities.”

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St. Louis HQ Daugherty Plans Hiring Spree In Minneapolis Dev Center

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Screen Shot 2016-08-09 at 11.59.01 AMVia News Release

August 16, 2016 – Minneapolis, Minn. – Representatives from Daugherty Business Solutions, a premier provider of business and technology solutions, announced its Development Center will be hiring 30 technology professionals after being selected for several major project wins in the Twin Cities market.”

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Marco Continues National Expansion With Missouri Purchase of DNT

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Marco_Logo_NEW_240x240Via News Release

Marco, a leading technology services provider in the United States, announced today that it has purchased Document & Network Technologies (DNT), a copier/printer and business IT services company located in  St. Louis, Missouri. Their 80 employees have joined the Marco team.”

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