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October 18, 2011

MW Tracker Spotlight

TA Associates, Inc acquires CoSentry.net, LLC   

 

Financial Overview:

 

Transaction Value: N/A                   Transaction Structure: N/A

 

MW Highlights

  • TA Associates has announced its planned acquisition of CoSentry.net, LLC from McCarthy Capital, which made its initial investment in 2008. CoSentry provides secure data centers, disaster recovery services and managed IT services from facilities in Missouri and Nebraska. The company was formed in 2000 in partnership with Norm Waitt Jr., the co-founder of Gateway Computers.
  • Having raised $4B in 2009 for their 11th fund, TA Associates has deep pockets and has been on a recent shopping spree with the completion of six acquisitions since August 2011.
  • The proposed acquisition reflects a larger consolidation trend in the fragmented data center market. The large number of small data centers with limited access to capital available for expansion have proven to be attractive acquisition targets for the larger players.
  • With the exponential growth of cloud computing, also known as web-based services, Martin Wolf believes this sector will continue to see rapid growth. Microsoft estimates that before the end of 2012 more than 90 percent of its software and products will be based on cloud-related products and services. In addition, as internet traffic triples by 2014 to 64 exabytes per month, data centers will be a primary beneficiary of cloud computing's continued growth.  

Martin Wolf  was not a financial advisor in this transaction. To learn more about this transaction or our firm, contact Yousif Abudra at yabudra@martinwolf.com  or (925) 215-2760.   

About Martin Wolf  

 

Based in Silicon Valley, Martin Wolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 100 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. For more information, visit www.martinwolf.com.

   

September 30, 2011

SPS, a leading Unified Communications Provider, announced that Court Square Partners has made an investment in the company. Martin Wolf advised SPS in this transaction. SPS is a premier unified communication services integrator, ranked 131 on the 2011 VAR 500 list with 2010 sales of $143 million. Court Square is a $4B+ New York-based PE Group, with more than 150 lifetime investments.  

Please click here to view the announcement. 

      

September 20, 2011  

Accel-KKR, a technology-focused private equity investment firm, announced that it had taken a majority stake in Infinisource. Infinisource is a leading benefits administration technology and services company. Martin Wolf advised the seller in this transaction.  

Please click here to read more.  

 

March 11, 2011

SS&C Technologies (NASDAQ: SSNC) announced that it had acquired Glastonbury, Connecticut-based BenefitsXML. BenefitsXML is a leading provider of enterprise software and SAAS solutions for employee benefit service providers. Martin Wolf advised the seller in this transaction.  

Please click here to read more.



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