Computing & internet software global report 2010.pdf - IMAP

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5: Autonomy/Interwoven Inc.Announced/Initial Filing Date: 01/22/2009 COMMENTS:Target/Issuer: Interwoven Inc.Autonomy’s clientele includes over 1,200 of the topTotal Transaction Value ($mm USD) 767.57law firms and 11 of the top 30 accounting firms. TheBuyers/Investors: Autonomy Corp. plc (LSE:AU.)acquisition increase Autonomy’s customer base toover 20,000 and provides cross-selling opportunities.Percent Sought (%): 100.0Autonomy expects to save around $40 USD million inImplied Enterprise Value ($mm USD): 1,558.84the first year as a result of these synergies.Implied Enterprise Value/Revenues: 4.65Implied Enterprise Value/EBITDA: 45.38Implied Enterprise Value/EBIT: -Headquarters-Country:Primary Industry:United StatesInternet Software and Services6: JDA Software/12 TechnologiesAnnounced/Initial Filing Date: 11/04/2009 COMMENTS:Target/Issuer: I2 Technologies, Inc. (NasdaqGS: ITWO)The acquisition of i2 Technologies, which has moreTotal Transaction Value ($mm USD) 746.94than 6,000 customers, will help increase JDA’s marketBuyers/Investors: JDA Software Group Inc. (NasdaqGS:JDAS) to include discrete manufacturing and transportation.Percent Sought (%): 100.0The combined organization reported annual revenuesImplied Enterprise Value ($mm USD): 561.43of roughly $617 USD million and will have betterImplied Enterprise Value/Revenues: 2.42operating leverage. The operating synergies wouldproduce annual cost savings of approximately $20Implied Enterprise Value/EBITDA: 11.16USD million.Implied Enterprise Value/EBIT: 11.86Headquarters-Country:Primary Industry:United StatesIT Consulting and Other Services7: AsiaInfo/Linkage TechnologiesAnnounced/Initial Filing Date: 12/04/2009 COMMENTS:Target/Issuer: Linkage Technologies International Holdings Ltd.The combined company will be called AsiaInfo-Total Transaction Value ($mm USD) 731.89Linkage Inc. when the transaction is completed. TheBuyers/Investors: AsiaInfo Holdings Inc. (NasdaqGS:ASIA) new entity will become the world’s second-largestPercent Sought (%): 100.0telecom software provider and have over 8,000Implied Enterprise Value ($mm USD): 731.89employees. The combined company will also haveImplied Enterprise Value/Revenues: -34 patents and an additional 27 patents pendingapproval in China and the US.Implied Enterprise Value/EBITDA: -Implied Enterprise Value/EBIT: -Headquarters-Country:Primary Industry:ChinaInternet Software and Services8: Software AG/IDS ScheerAnnounced/Initial Filing Date: 07/13/2009 COMMENTS:Target/Issuer: IDS Scheer AG (XTRA:IDS)The acquisition will increase the combined entity’sTotal Transaction Value ($mm USD) 719.92competitive position, especially in infrastructureBuyers/Investors: Software AG (XTRA:SOW)software and business process management. Thenew entity is expected to be accretive to SoftwarePercent Sought (%): 100.0AG’s earnings per share from the first year itself asImplied Enterprise Value ($mm USD): 582.34and increase the customer base to 7,500.Implied Enterprise Value/Revenues: 2.24Implied Enterprise Value/EBITDA: 13.13Implied Enterprise Value/EBIT: 18.5Headquarters-Country:Primary Industry:GermanyIT Consulting and Other ServicesIMAP’s Computing & Internet Software Industry Global Report — 2010: Appendix B-iv
9: VMware/SpringSourceAnnounced/Initial Filing Date: 08/07/2009 COMMENTS:Target/Issuer: SpringSource, Inc.This combination will help simplify enterprise IT andTotal Transaction Value ($mm USD) 446.0make customer environments more efficient, scalableBuyers/Investors: VMware, Inc. (NYSE:VMW)and easier to manage. This new entity will continuefocusing on providing developers and customers thePercent Sought (%): 100.0best experience for developing enterprise and webImplied Enterprise Value ($mm USD): 446.0applications on all platforms.Implied Enterprise Value/Revenues: -Implied Enterprise Value/EBITDA: -Implied Enterprise Value/EBIT: -Headquarters-Country:Primary Industry:United StatesInternet Software and Services10: Electronic Arts Nederland/PlayfishAnnounced/Initial Filing Date: 11/09/2009 COMMENTS:Target/Issuer: Playfish LimitedThe social gaming industry is expected to undergoTotal Transaction Value ($mm USD) 391.26significant consolidation. Electronic Arts, a traditionalBuyers/Investors: Electronic Arts Nederland B.V.gaming company, can now enter the social gamingPercent Sought (%): 100.0arena through the acquisition of Playfish, whichImplied Enterprise Value ($mm USD): 391.26develops and publishes video games for socialImplied Enterprise Value/Revenues: -networks. Playfish designs games for Facebook,MySpace, Bebo, Yahoo! and iPhone.Implied Enterprise Value/EBITDA: -Implied Enterprise Value/EBIT: -Headquarters-Country:Primary Industry:United KingdomInternet Software and Services11: Symphony Technology/MSC SoftwareAnnounced/Initial Filing Date: 07/07/2009 COMMENTS:Target/Issuer: MSC Software CorporationThis transaction will allow Symphony Technology toTotal Transaction Value ($mm USD) 386.68continue focusing on delivering leading simulationBuyers/Investors: Symphony Technology Group; Elliott Group solutions. Symphony Technology now has access toPercent Sought (%): 100.0MSC’s market leading simulation solutions.Implied Enterprise Value ($mm USD): 238.44MSC is also known for its continuous innovation in thedesign simulation space across industries.Implied Enterprise Value/Revenues: 1.02Implied Enterprise Value/EBITDA: 12.03Implied Enterprise Value/EBIT: 20.67Headquarters-Country:Primary Industry:United StatesInternet Software and Services12: CA, Inc./NimsoftAnnounced/Initial Filing Date: 03/10/2010 COMMENTS:Target/Issuer: Nimsoft, Inc.CA, traditionally known for managing largeTotal Transaction Value ($mm USD) 350.0mainframe-based systems, will gain access toBuyers/Investors: CA, Inc. (NasdaqGS:CA)SMBs through the acquisition. The transaction willPercent Sought (%): 100.0also extend CA’s leadership position in the serviceImplied Enterprise Value ($mm USD): 350.0assurance market by helping it offer one of theImplied Enterprise Value/Revenues: -most comprehensive suites in IT monitoring andmanagement solutions.Implied Enterprise Value/EBITDA: -Implied Enterprise Value/EBIT: -Headquarters-Country:Primary Industry:United StatesIT Consulting and Other ServicesIMAP’s Computing & Internet Software Industry Global Report — 2010: Appendix B-v
Page 1 and 2: An IMAPHIGH TECHNOLOGYReportComputi
Page 3 and 4: C O M P U T I N G A N D I N T E R N
Page 6 and 7: Considering these factors, most Saa
Page 9 and 10: · Mobile specialists with multicha
Page 11 and 12: Computing and Internet software ind
Page 14 and 15: Thumbnail summaries of top 50 compu
Page 16 and 17: 8: ADOBE SYSTEMS INC. (US)Brief des
Page 18 and 19: 16: SOFTWARE AG (Germany)Brief desc
Page 20 and 21: 24: LAWSON SOFTWARE (US)Brief descr
Page 22 and 23: 32: COMPUTER ENGINEERING & CONSULTI
Page 24 and 25: 40: CEGID GROUP SA (France)Brief de
Page 26 and 27: 48: ADVENT SOFTWARE, INC. (US)Brief
Page 28 and 29: 4: EASTERN EUROPE, THE MIDDLE EAST
Page 30 and 31: Summary of Transactions in the Soft
Page 34 and 35: 13: Raytheon Network Centric System
Page 36 and 37: Appendix D: Niche Focus AreasThe cu
Page 38 and 39: IMAP’s High Technology TeamBelgiu
Page 40: www.imap.com© COPYRIGHT 2010 IMAP,

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