Tuesday, October 17, 2006

Technology Buyout Transactions: Let the Games Begin

Golden Gate Capital has agreed to acquire Sierra Systems Group Inc. (TSX: SSG) for CAD $9.25 per share, or approximately CAD$93.2 million. Sierra Systems is a Vancouver–based provider of IT and business consulting services to public and private organizations in North America.

Golden Gate is a private equity firm with over $2.6 billion under management. It has been driving consolidation in various parts of the software industry through acquisition platforms like Sierra - Aspect(call center software), inFor. Welcome to Canada.