Nantucket acquired by CA

Stratagem closes $80M deal with CA under tight NDA constraints

Nantucket was a sole proprietorship with a large, leading position in dBASE compilers – a lucrative market, but declining in importance. In addition, Nantucket had developed a breakthrough object-oriented development environment, but lacked the resources and market presence to capitalize on it.

Because confidentiality was paramount to the owner, we only presented the opportunity to a total of 5 potential acquirers under a very tight NDA. With only five companies on the list, Stratagem’s carefully crafted customized pitches were essential to this engagement. Two of the parties engaged in a bidding war, with Computer Associates winning. The valuation was quoted at $80M.