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New Deal


Announced

TA Associates-backed HelpSystems International to acquire Titus and Boldon James from QinetiQ for £30m.

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Majority

Private

Friendly

Acquisition

Single Bidder

United Kingdom

Software

Pending

Private Equity

Synopsis

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TA Associates-backed HelpSystems International, a software company, agreed to acquire Titus and Boldon James, providers of data classification and secure email messaging solutions, from QinetiQ, a science and engineering company, for £30m. "Bringing Titus and Boldon James into the HelpSystems family is another step toward our unwavering goal of giving customers the most robust collection of trusted security and automation solutions available, backed by a people-first commitment to long-term customer success. The talent, success, and market-leading solutions that characterize both Titus and Boldon James enrich and expand our ability to help our customers keep their data safe," Kate Bolseth, HelpSystems CEO.

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