One of the notable middle market transactions closed in December when Perforce Software, Inc., a portfolio company of Clearlake Capital Group LP, acquired Perfecto Mobile, Inc., a portfolio company of Vertex Venture Capital, Viola Ventures Ltd, Vodafone Ventures Ltd and Globespan Capital Management LLC, for US$200 million. The transaction expands the business offerings of Perforce. Founded in 2006, Perfecto is located in Burlington, Massachusetts and provides on-demand mobile testing infrastructure services.
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Industry Indicators
- US corporate profits, which indicate corporate demand for computer software, rose 7.7% in the second quarter of 2018 compared to the same period in 2017.
- US retail sales for electronics and appliance stores, a potential measure of demand for computer software, increased 3.0% in the first nine months of 2018 compared to the same period in 2017.
- Total US revenue for software publishers rose 17.4% in the second quarter of 2018 compared to the previous year.
Posted by Dan Vermeire.
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