Minnesota Tech M&A Continues to Climb: 60+ Deals In 2014

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mergeMerger and acquisition activity among Minnesota’s techology increases year over year.

Up from 45 documented deals in 2012 followed by 59 in 2013, last years tally grew again to 63 transactions recorded (not counting assets/ip/product purchases). Although this is the most comprehensive account, it’s imperfect because there are always off the record/undisclosed transactions; so if anything, there’s more than meets the eye.  By the numbers:

  • Minnesota acquirers: 25
  • Minnesota acquirees: 15
  • Minnesota on Minnesota: 7
  • Busiest Month: April (10)
  • Busiest Company: Stratasys
  • Minnesota Public company deals (buy & sell): 15
  • Largest disclosed price: Eden Prairie online retailer Bluestem Brands bought for $565m
  • Minnesota startups acquired: 7
  • Aquiree mix: 55% Product Company; 30% Service Company; 15% Blended Company | 8 Enterprise: 1 Consumer

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DECEMBER:

12/27: Pohlads enter electronics business with Polaroid deal

12/25: Minneapolis based N’compass Solutions bought for $4.8m

12/17: BuzzFeed buys Hyper IQ, plots 30 person Minneapolis office

12/17: GovDelivery Acquires NYC Open Source Software Maker NuCivic

12/15: Bloomington-based Video Guidance plans sale to British firm

12/13: Chasm.io (Formerly Wahooly) Merges With Social Marketing App Loot

12/11: Agosto Sells Managed Services Division to EO Johnson

NOVEMBER:

11/25) DoApp’s mobile real estate tech bought by Corelogic

11/15) Stratasys’ Makerbot division acquires CA software startup Layer By Layer

11/12) Pittsburgh-based Powered Analytics acquired by Target

OCTOBER:

10/21: Drivetrain sold to Toronto shopping tech company Slyce

10/20: Datalink expands west coast by purchase of Bear Data Solutions

10/15: ABILITY Network to acquire New Jersey-based MD On-Line

10/14: SPS Commerce snaps up Australian B2B SaaS maker for $15m

10/9: Roseville BI provider Gnet Group bought by Indian firm

10/8: Qumu buys UK enterprise video platform Kulu Valley

10/8: Voice Solutions acquires healthcare digital signage firm

SEPTEMBER:

9/29/14: Eden Prairie online retailer Bluestem Brands bought for $565m

9/16/14: Stratasys acquires Boston software maker GrabCAD

9/9/14: Minneapolis Health IT startup Preventice merges with eCardio Diagnostics

9/2/14: Eden Prairie’s XRS acquired by Omnitracs for $178 million

AUGUST:

8/18: Minnesota mobile startup Hiq Lockscreen has been acquired

8/14: It’s official: Samsung Buys SmartThings for $200 Million

8/5: Taylor Corp. acquires Minneapolis design and development firm MentorMate

8/5: Magnet 360 acquires New York-based iRGONOMIC

8/4: Two Minnesota mobile dev shops become one

8/4: ECMC org acquires DC-based College Abacus

JULY:

7/16: HighJump Software acquires UK SaaS maker Atlas Products International

7/15: Samsung In Talks To Scoop Up SmartThings For Around $200m

7/8: HighJump Software acquired by rival Accellos

7/5: Minneapolis startup PatentCore bought by LexisNexis – Reed Tech

7/1: HelpSystems buys Burnsville-based RJS Software

JUNE:

6/26: TechDigital Corporation Acquires Ajasa Technologies

6/26: Minneapolis’ Wireless Ronin merging with New York firm

6/25: Pohlad-backed Avtex bought by Chicago PE firm LaSalle Capital

6/18: Eagan managed services firm ConvergeOne bought by Clearlake Capital

6/23: Global Tel*Link Announces Acquisition of Renovo Software

6/12: Minneapolis’ Verisae to Acquire Mass-based ViryaNet

6/3: Westwerk Acquires WordPress Theme Shop Press75

MAY:

Veracity Payment Solutions acquires electronic payments co. Vanco Services

Minneapolis’ Magnet360 acquires West Coast Salesforce partner ADC

APRIL:

4/24: Maple Plain based Proto Labs acquires FineLine Prototyping

4/11: VC-backed log analytics startup RapidEngines acquired by SevOne

4/8: Health care software provider ABILITY Network receives $550m strategic investment / buyout

4/6: Eden Prairie enterprise tech firm HelpSystems buys LA-based Network Automation

4/5: Minneapolis’ social commerce startup 8thBridge is acquired by Fluid

4/4: Stratasys buys more assets, this time from Wisconsin

4/4: Local tech venture Soltrite is acquired

4/2: Stratasys to Acquire Solid Concepts and Harvest Technologies

4/2: Communications provider Revation Systems acquires North Light Software

MARCH:

3/13: Internet Broadcasting acquired by Nexstar for $20m

3/6: Digital signage co Wireless Ronin merging with Utah-based Broadcast International

FEBRUARY:

2/3 – Minneapolis e-commerce startup Scrubadoo gets acquired

2/3 – Duluth healthcare software firm Sansio is acquired

2/12 – Rochester tech entrepreneur acquires e-commerce site, plots turnaround

2/16 – Snap Agency picks up the remains of defunct Atomic Playpen

2/19 – Optum takes a major stake in digital health startup Audax

2/21 – 3M Buys Fast-Growing Health Care Data Firm

JANUARY:

1/15) Grocery Shopping Network merges with PlaceWise Media

1/15) Minneapolis’ CyberOptics is buying an industrial grade 3D scanning company

1/21) Best Buy sheds MindShift

1/23) Milestone buys Atlanta network security company EnterEdge

1/27) Fishermen sell lake-mapping firm to marine electronics giant

1/31) Software firm Kinetic Data buys Twin Cities app developer :coderow

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