The 2015 Minnesota Tech M&A Review

Categories

Franklin PartnersA total of 47 merger and acquisition tech deals involving Minnesota-based firms were reported in 2015, down from 63 in the previous year.

Although this is the most comprehensive tally of local tech deals, it’s imperfect because there are always off the record/undisclosed transactions.  By the numbers:

Minnesota acquirers: 28

Minnesota acquirees: 14

Minnesota on Minnesota: 6

Busiest Month: October (6)

Slowest Month: September (1)

Busiest Company: ConvergeOne (3)

Public Company deals: 9

Largst disclosed price: Digital River bought By Siris for $840m

Minnesota startups bought: 6 (Storyworks1, Datamyne, BringMeTheNews, Otterology, Field Solutions, BarometerIT)

Product vs. service: 38 deals were of product-based firms; 9 were of service-based firms

December:

12/21 – Anytime Fitness Adds Digital Muscle With Purchase of PumpOne
12/18 – White Bear Lake’s Happy Dog Buys Cohesive In Florida
12/17 – Cargill Buys U.K. Feed Software Firm
12/15 – Insite Software Acquires Storyworks1
12/11 – ConvergeOne’s Acquisition Streak Continues With SIGMAnet

November:

11/13 – Sport Ngin Acquires Volleyball Software Maker AES
11/2 – Minneapolis Fintech Venture Zepol Scooped Up By Datamyne
11/2 – PE Firm Norwest Equity Partners Buys Marco
11/2 – Hutchinson Technology Purchased By TDK For $126m

October:

10/29 – PowerObjects Has Been Acquired By Indian Firm HCL Technologies For ~$46m
10/26 – Digi International Sheds Etherios Unit For $9m
10/20 – Lakana Recently Acquired L.A. Mobile Adtech Startup Kixer
10/19 – Deluxe Acquires Datamyx For $160m
10/14 – Imation Appoints Interim CEO & Buys CA Hardware Startup Connected Data For $7.5m
10/6 – Digi Acquires Canadian IoT Provider Bluenica

September:

Proto Labs Acquires Alphaform, Expanding European Presence

August:

8/28:NE Minneapolis’ FourCubed Buys Poker-Training Site DeucesCracked
8/24:Eden Prairie’s HelpSystems Acquired By San Francisco PE Firm
8/14:Imation Liquidates Storage Line For $6m
8/3:Pohlad’s Go Media Buys Local Online News Distributor BringMeTheNews
8/3: St. Paul’s Hubbard Radio Makes An Investment In PodcastOne

July:

7/28 – GovDelivery Acquires Mobile Messaging Platform Textizen
7/16 – Atomic Learning Buys Wisconsin-Based Versifit Technologies
7/14 – DEA Announces the Acquisition of Emergingsoft
7/13 – When I Work Raises Another $5m & Acquires Toronto Competitor
7/8 – Accenture Quietly Sells Minneapolis Software Unit for $830m

June:

6/30 – Maple Grove Edutech Firm DRC Acquires Assets From McGraw-Hill Education
6/16 – Wayzata IT consultancy Trissential sold in deal worth up to $30M
6/3 – Local Startup Otterology Sells Assets To Shopventory
6/2 – HelpSystems Grows With Security-Minded Acquisition

May:

5/26: Minnetonka-Based PeopleNet Acquires Mobile Truck Tracking Firm
5/26: Marketing Logistics Firm Archway Acquires PogMaker Software
5/22: IT Services Provider ConvergeOne Grows Via Acquisitions (2)
5/18: Field Nation Acquires Local Player Field Solutions
5/12: Gorton Studios Sells NodeSquirrel To Pantheon & Plans Twin Cities Office

April:

4/2 – Minneapolis’ Healthland Acquires Local Peer Rycan
4/2 – Local Venture BarometerIT Scooped Up By Changepoint
4/2 – Augeo Buys Loyalty Marketing Platform RewardsNOW

March:

3/19: Avtex Acquires Chicago-Based Digital Voice Systems
3/16: Minneapolis’ MediaBeacon Is Acquired By Esko

February:

2/26: Avtex Acquires KRP Communications
2/25: Marco Purchases Minneapolis IT Services Firm Solbrekk
2/12: Digital River Completes $840m Sale to Siris

January:

1/29:MinuteBids Buys Silicon Valley Startup VendorMonkey
1/12: Citon doubles in size through Wisconsin buys
1/8: HelpSystems acquires Halcyon Software

RELATED

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

The 2013 Minnesota Tech M&A Roundup

2012 Minnesota Tech M&A roundup

Comments

Sponsors