February 26, 2007

Applimation (Integra assets) has sold the company's Integra division to LogicalApps

About Applimation

Applimation, a privately-held company based in Chicago, was the leading independent provider of application data management solutions for Oracle, SAP, PeopleSoft, Siebel and custom environments
The company had over 290 customers, including Aetna Life Insurance Company, AT&T Mobility, Blue Cross and Blue Shield of Florida, Getty Images, The Hudson’s Bay Company, IKON Office Solutions and Starbucks
Founded in 1998, Applimation had 140 employees and was backed by Battery Ventures

About LogicalApps

Privately-held LogicalApps provides embedded governance software for enterprise applications
The company’s solutions enable organizations to manage risk, achieve compliance and reduce costs by automating real-time monitoring and enforcement of detective and preventive controls
Founded in 2000, LogicalApps had more than 300 blue-chip customers at the time of the acquisition and is headquartered in Irvine, California

Transaction Notes

The acquisition of Applimation’s Integra division by Logical Apps was announced on February 26, 2007; financial terms were not disclosed
Applimation’s Integra product line provides configuration management, access controls and transaction monitoring features to the real-time preventative and detective controls of LogicalApps’ ACTIVE Governance product
The acquisition helps accelerate availability of the leading embedded governance solution across an array of ERP platforms
The combined technology and market share – over 300 customers – solidifies LogicalApps as a leader of automated controls solutions for the Oracle market
Shea & Company served as the exclusive financial advisor to Applimation on the company’s asset sale to LogicalApps, and subsequently advised Applimation on the company’s sale to Informatica