Acresso Software to Acquire Intraware, Inc.
20 Ottobre 2008 - 3:15PM
Marketwired
Acresso Software, a privately-held company of Thoma Bravo, today
announced a definitive agreement to purchase Intraware Incorporated
(NASDAQ: ITRA), a provider of digital delivery and management
services. Intraware's SubscribeNet� platform and strong market
position in Software-as-a-Service (SaaS) entitlement management and
electronic software delivery will extend the global leadership of
Acresso's FLEXnet� Suite for entitlement and compliance management.
"Along with its technology, Intraware has deep expertise in SaaS
application management, and an impressive list of partners and
customers, including a number of shared customers," said Mark
Bishof, President and CEO of Acresso Software. "Combining these
with Acresso's financial and market strengths will greatly benefit
Acresso's customers and Intraware's customers."
"Many software and hardware producers want the option of a SaaS
delivery model for the applications that run their business, so
this is a logical next step," said Orlando Bravo, managing partner
of Thoma Bravo. "The addition of Intraware's products and expertise
will bolster Acresso's SaaS software distribution and entitlement
management solutions," added Seth Boro, Principal of Thoma
Bravo.
Trusted by over 3,000 software and hardware producers, Acresso's
FLEXnet Suite delivers end-to-end entitlement lifecycle management
across the compliance spectrum, from license enforcement to usage
monitoring. Acresso's FLEXnet Suite enables a wide variety of
licensing models and rapid package reconfiguration to match
specific market needs, delivers insight into customer usage for
targeted up-sell opportunities, and streamlines operations through
a single view for producers and their customers across all
licensing technologies in use. FLEXnet Suite includes capabilities
to address entitlement management, software licensing, compliance
monitoring and delivery of software and updates. The addition of
SaaS capabilities makes it easier for software and hardware
producers to get started with entitlement management by minimizing
the use of IT resources and enabling rapid integration with
existing on-premise ERP applications such as SAP and Oracle.
Intraware provides software distribution and entitlement
management services for customers such as IBM, Mentor Graphics,
Progress Software Inc., EMC Corporation and Sybase, Inc., serving
more than 2.7 million end users.
"Thoma Bravo has a successful track record of consolidating
strong, growing companies in a number of industries," added Mr.
Bravo. "Based on our consolidation expertise, particularly within
software, we strongly believe the combination of Acresso Software
and Intraware Incorporated will benefit existing customers of both
companies and accelerate earnings growth."
The offer will be at a price of $4.00 per share to complete the
acquisition, which is expected to close in fourth quarter 2008.
Until then, Intraware, Inc. will operate as an autonomous
entity.
About Acresso Software
Acresso Software provides solutions that power the business of
software for multiple customer segments, including hardware and
software producers, engineers and developers, helping them uncover
revenue opportunities, streamline their infrastructure and reduce
costs. The company's proven solutions, including the FLEXnet� and
InstallShield� product lines, have been simplifying the business
relationship between software and hardware producers and their
enterprise and government customers for more than 20 years. Acresso
maximizes the value of the software the world develops and uses.
For more information, please go to: www.acresso.com.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has
been providing equity and strategic support to experienced
management teams building growing companies for more than 27 years.
The firm originated the concept of industry consolidation
investing, which seeks to create value through the strategic use of
acquisitions to accelerate business growth. Through a series of
private equity funds, Thoma Bravo currently manages approximately
$2.5 billion of equity capital. In the software industry, Thoma
Bravo has completed 34 acquisitions across 12 platform companies
with total annual earnings in excess of $500 million. For more
information on Thoma Bravo, visit www.thomabravo.com.
About Intraware, Inc.
Intraware, Inc. provides digital services that enable enterprise
technology publishers to tie together licensing and software
processes into a clean, simple customer experience. The Intraware
SubscribeNet service (patents pending) is a web-based delivery and
support platform that enables technology companies to deliver,
track and manage the software, licenses and other digital content
they distribute to their customers. 99.6 percent of Fortune 500
companies and 90 percent of Global Fortune 1000 companies have
downloaded software or license keys on the SubscribeNet platform.
More than two million end users from those companies and others
have used the service. SubscribeNet powers business-to-business
technology providers including IBM, Progress Software Inc., EMC
Corporation, Sybase Inc., and McKesson Ireland Limited. Intraware
is headquartered in Orinda, California and can be reached at
888.446.8729 or http://www.intraware.com.
Media Contacts: Eastwick Communications (650) 480-4040
acresso@eastwick.com Amber Roberts LANE PR (on behalf of Thoma
Bravo) (503) 442-5834 amber@lanepr.com
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