December 29, 2016

Boston Tech Exits From 2016 - By The Numbers

There some speculation that 2017 might see the return of the tech IPO.  I guess we'll see what happens soon enough.

Regardless, I'm sure there will be several acquisitions throughout 2017, which was definitely the theme from this past year.  

We took a look at the data from our Deals section and found some interesting stats from 2016:

  • 75 exits
  • 2 IPOs (Acacia Communications and Everbridge)
  • 36 companies were acquired by Boston based companies
  • 29 companies located in Boston were acquired by companies outside the area
  • 5 private equity deals
  • 3 mergers
  • Akamai was the only company with multiple acquisitions (3)
  • The biggest deal was Analog Devices' acquisition of Linear Technology for $14.8B 

The biggest takeaway... Boston acquired more companies than it lost.  However, that doesn't factor in market value gained versus lost.

Here's a list of what we considered as the top deals from 2016 sorted by date:

RunKeeper acquired by ASICS Corporation - February 12 - reported at $85M.

Resilient Systems acquired by IBM - March 1 - reported at $100M+.

Acacia Communicatinos goes public - May 12 - raised $103.5M from the IPO.

Demandware acquired by Salesforce - June 1 - the acquisition price was $2.8B.

CloudLock acquired by Cisco - June 28 - the acquisition price was $293M.

LogMeIn merges with Citrix's Go-To Meeting Family of Products - July 26 - the transaction was valued at $1.8B.

Analog Devices to Acquire Linear Technology - July 26 - the acquisition price was $14.8B.

Fleetmatics acquired by Verizon - August 1 - the acquisition price was $2.4B.

Everbridge goes public - September 15 - raised $69.8M from the IPO.

DraftKings and Fanduel agree to a strategic merger of equals - November 18

Dyn acquired by Oracle - November 21 - reported at $600M+.

Keith Cline is the Founder of VentureFizz.  Follow him on Twitter: @kcline6.