- Deal married Telligent’s strength in external communities with Leverage’s strength in internal communities.
- Allowed Telligent to add many large high profile customers including Home Depot, Apple and L’Oreal.
Overview
On December 19, 2011, Telligent acquired Leverage Software, a leading enterprise social networking company.
Deal included both cash and stock in one of the market leaders in a fast growing category.
Significance
Catapult’s role
- Assisted Leverage Software in finding a buyer despite a buyer universe limited by the company’s .Net architecture.
- Assisted the company in cleaning up its cap table prior to transaction by negotiating a buyout of an existing shareholder.
- Advised management on negotiation of employment agreements.
“Although when I hired Catapult my plan was to primarily use them as an insurance policy to make sure the buyer we were already in negotiations with treated us fairly, things did not turn out as originally planned. Catapult was able to quickly and efficiently bring other parties into the mix. They proved invaluable in guiding us through a fairly complex set of negotiations.”
