Software Acquisitions in 2014

Cerca Group led a recapitalization of Computer Associates, Inc. (CAI), an ERP software provider serving food, lumber/building materials, precious metals refining, and jewelry manufacturing industries. The investment group included CAI's management team and Main Street Capital Corporation; CAI's founder James H. McCooey remains CEO and a board member, and financial terms were not disclosed.

Adecco Group acquired OnForce and will merge the company into Beeline’s portfolio to create an integrated vendor management system (VMS) and freelancer management system (FMS) offering. The combined solution aims to give customers unified, cloud-based access to supplier-managed contingent workers and a vetted network of independent contractors to simplify extended workforce sourcing and management.

Cisco Systems agreed to acquire Stockholm-based Tail-f Systems, a provider of multi-vendor network service orchestration software, for about $175 million in cash and incentives. The acquisition brings Tail-f's model-driven orchestration and Network Control System (NCS) into Cisco's Cloud and Virtualization Group to accelerate Cisco's cloud virtualization, NFV and multi-vendor orchestration strategy.

TECSYS Inc. has signed an agreement to acquire all shares of Logi-D Holding Inc., a Laval, Quebec–based provider of point-of-use technology for hospital supply chain automation, for $2,950,000 in cash plus $100,000 in TECSYS common shares. The deal, expected to close May 31, 2014 subject to customary conditions and TSX approval, will combine complementary product lines to expand TECSYS's healthcare supply chain offerings; Logi-D reported FY2013 revenue of $5.57M and about 27 employees.