Contact Information: For more information, contact: Acresso Team Eastwick Communications (650) 480-4040 acresso@eastwick.com Thoma Bravo Amber Roberts LANE PR (917) 639-4114 amber@lanepr.com
Acresso Software Finalizes Intraware Acquisition
Entitlement Management for Software and Hardware Producers Extended Through SaaS Capabilities
| Source: Acresso Software
SCHAUMBURG, IL--(Marketwire - January 7, 2009) - Acresso
Software (Acresso), a privately-held company and an investment of
private equity firm Thoma Bravo,
LLC, announced today it has completed the acquisition of Intraware
Incorporated (NASDAQ : ITRA ), a provider of digital delivery and entitlement
management services. Intraware is now a wholly-owned subsidiary of Acresso.
The combination of Intraware's SubscribeNet service and Acresso's
FLEXnet® product suite will create the industry leading and most advanced
solution for entitlement and compliance management. The structure and
terms of the deal have not changed since the agreement announcement on October 20, 2008.
Intraware's common stock holders will receive $4.00 in cash for each of
their shares.
"Today we welcome the people and products of Intraware to Acresso
Software," said Mark Bishof, President and CEO of Acresso. "With the
completion of the Intraware acquisition, Acresso continues to focus on our
customers' success by providing the most comprehensive electronic software
distribution platform available today and meeting a wider set of user needs
through the addition of SaaS capabilities to our market-leading entitlement
and compliance management solution."
"In just the past few months, SaaS has truly become mainstream, with
enterprise growth upwards of 55%," said Michael Fauscette, Group Vice
President, Software Business Solutions, IDC. "This shift can be attributed
to many factors, including the financial climate, the visibility of SaaS
vendors, the broader range of software available in the SaaS model, the
general acceptance of SaaS and its value proposition, and the fact that
almost all of the major 'names' in software have offerings in the SaaS
model. With all these factors coming together, it's easy to see why demand
for enterprise SaaS delivery has accelerated."
"The acquisition of Intraware enables Acresso to distance itself from the
competition as a clear industry leader with a unique ability to provide
best-in-class delivery and entitlement options," said Orlando Bravo,
managing partner of Thoma Bravo. "Completion of the Intraware acquisition
marks the second strategic industry acquisition for Acresso since Thoma
Bravo launched the company just nine months ago."
"The combined companies' customers will be better served with the ability
to choose between a hosted and on-premise digital delivery and entitlement
management solution," added Seth Boro, principal of Thoma Bravo. "With an
enhanced product offering and the addition of a blue-chip customer base,
Acresso has further secured its growth potential."
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, salesforce.com and Oracle.
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 producers and
hardware manufacturers 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:
http://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 37 acquisitions across 12 platform companies with
total annual earnings of approximately $600 million. For more information
on Thoma Bravo, visit www.thomabravo.com.