Like Born Group

closed 11/13/2019 via BNC Analysis

Tech Mahindra Limited, acquired Born Group

synopsis: Tech Mahindra Ltd, India's company that offers innovative and customer-centric information technology experiences, acquired Born, a digital content production agency that provides a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Headquartered in India, Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Born Group
Born is a digital content production agency. They provide a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions. Their evolution represents their passion for delivering fully integrated creative work to global clients.
price ($mm)
$95
rev ($mm)
$50
EBITDA ($mm)
EV / rev
2.4x
EV / EBITDA
closed 1/7/2020 via GlobeNewswire

LucidWorks, acquired Cirrus10

synopsis: Lucidworks, leader in AI-powered search, acquired Cirrus10, an ecommerce solutions expert with more than 100 ecommerce customers. Cirrus10 is an enterprise web consultancy with practices in Guided Navigation and Content Management.
buyer: LucidWorks
Lucidworks builds enterprise search solutions for some of the world's largest brands. Fusion, Lucidworks' advanced search platform, provides the enterprise-grade capabilities needed to design, develop, and deploy intelligent search apps at any scale. "
target: Cirrus10
Cirrus10 is an enterprise web consultancy with practices in Guided Navigation and Content Management. With over 100 clients and implementation stories, Cirrus10 has built trusted and impactful relationships across the world of eCommerce.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/30/2019 via MSNBC

BlueBolt Solutions, will acquire Restful Brilliance

synopsis: BlueBolt, a Digital Agency, focused on blended content, commerce, and search solutions, will acquire Restful Brilliance, a company that delivers lasting, high-quality solutions to help clients succeed at the most challenging aspects of their eCommerce projects.
buyer: BlueBolt Solutions
BlueBolt is a Digital Agency, focused on blended content, commerce, and search solutions. From Strategy to UX design to Technical implementations & integrations, everything BlueBolt does is in support of helping its clients convert their browsers into buyers and win in the digital environment. "
target: Restful Brilliance
Restful Brilliance started as a small but highly technical development shop. Its core values have always been to deliver lasting, high-quality solutions, and using the right tools for the problems at hand. They helped many clients succeed at the most challenging aspects of their eCommerce projects.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2019 via BusinessWire

OSF Commerce, acquired Blueleaf

synopsis: Canada based OSF Commerce, an OSF Global brand, announces the acquisition of award-winning UK eCommerce agency Blueleaf. Blueleaf provides top retailers and brands with planning, user experience, development and support for complex projects built on Salesforce Commerce Cloud, one of the world’s leading eCommerce solutions.
buyer: OSF Commerce
Quebec based OSF Commerce is a leading global commerce solutions company providing technology, consulting, implementation and online shop management services to emerging and premier brands, and merchants. OSF Commerce delivers connected commerce solutions across channels, devices and locales. "
target: Blueleaf
UK-based Blueleaf is a digital commerce agency. Blueleaf optimises the commercial potential of ecommerce websites through user experience, conversion optimisation and design. Blueleaf has a history of introducing new online revenue steams that have an unprecedented impact on sales.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2019 via Company Press Release

Webedia SAS, acquired Seelk SAS

synopsis: Seelk, a French company and expert in retail media solutions for Amazon, joins the Webedia group. Seelk is the leader in France for the support of brands within the Amazon e-commerce ecosystem, via consulting services and SaaS software dedicated to optimizing revenues on the Internet.
buyer parent: Fimalac SA
buyer: Webedia SAS
Webedia is a global media and technology company, specialized in the recreation and entertainment industries. Webedia targets a passionate audience by building a global network of unique talents, media brands, events and services within the entertainment and recreation industries. "
target parent: Fast Up Partners
target: Seelk SAS
Seelk, an Amazon specialist, is a leader in France in the support of brands within the ecosystem of the e-commerce giant, via consulting services and SaaS software dedicated to optimizing revenues on the Internet.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/7/2019 via GlobeNewswire

DMI, will acquire Pragiti

synopsis: DMI announces the strategic acquisition of Pragiti, a successful company in the digital commerce and marketplace spaces and an SAP Silver Partner. The move bolsters DMI’s next-generation digital commerce capabilities, strongly positioning the company to help customers across industries.
buyer: DMI
DMI combines all the skills and services necessary to deliver mobile enterprise solutions. DMI has expertise in enterprise-strength web and app development, IoT, digital commerce, analytics, brand and marketing, artificial intelligence and secure device and app management. "
target: Pragiti
Pragiti, Inc. is a leading eCommerce solutions and services company focused exclusively on providing channel-agnostic solutions based on SAP Hybris to its global clients. Pragiti is the eCommerce partner for several well-known brands across multiple industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/24/2019 via BNC Analysis

itelligence AG, acquired Weaveability

synopsis: itelligence UK, a SAP Global Platinum Partner, acquired a majority interest in Weaveability Ltd, a Bury, Greater Manchester, UK-based SAP Partner. Founded in 2009, Weaveability has positioned itself as a key partner in the SAP Digital Engagement and e-commerce environment.
buyer parent: Nippon Telegraph and Telephone Corporation
buyer: itelligence AG
Led by Norbert Rotter, CEO, itelligence AG is a an SAP Global Platinum Partner, which supports SMEs and large enterprises in every phase of their digital transformation. Its range of services includes IT strategy and transformation consulting, software deployment and implementation. "
target: Weaveability
Founded in 2009, Weaveability has positioned itself as a key partner in the SAP Digital Engagement and e-commerce environment, working with SAP Customer Experience Solutions, SAP C/4HANA, SAP Commerce Cloud (Hybris) and SAP ERP.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/17/2019 via Company Press Release

Williams Commerce Limited, acquired Fast Floor Multimedia Ltd

synopsis: Williams Commerce, a specialist Ecommerce System Integrator in the UK, has acquired Fast Floor Multimedia Ltd., a combined Marketing & Business Technology Agency in the UK. Fast Floor develops bespoke business software applications using web-based technology and offers a range of ready to deploy systems.
buyer: Williams Commerce Limited
Headquartered in Leicester, UK, with additional offices in Asia and Europe, Williams Commerce is a full end to end service agency offering ecommerce, technical integration and ERP solutions, hosting and digital marketing services to over 250 clients across the UK and internationally. "
target: Fast Floor Multimedia Ltd
Fast Floor Multimedia is a combined Marketing & Business Technology Agency in the UK. Fast Floor develops bespoke business software applications using web-based technology and offers a range of ready to deploy systems. Fast Floor provides customisable solutions that suit their client's requirements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/19/2018 via BNC Analysis

SARE, acquired Fast White Cat S.A.

synopsis: Polish technology company, SARE acquires Fast White Cat SA based in Wrocław, a company specialized in creating and improving the efficiency of online stores based on the Magento platform.
buyer: SARE (WSE:SAR:$12.47)
SARE is a technology company focused on innovative IT solutions, supporting marketing departments in their everyday activity. Their solutions respond to the Clients' needs concerning precise communication and products and services sales. Their supreme goal is to support their client's sales. "
target parent: Mok Yok IT
target: Fast White Cat S.A.
Fast White Cat SA from Wrocław is a company specialized in creating and improving the efficiency of online stores based on the Magento platform.
price ($mm)
$0.74*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/26/2018 via Company Press Release

Elad Software Systems Ltd., acquired Fisha Ltd

synopsis: Elad Software Systems, a company in Israel that specializes in the development, implementation and integration of a wide range of advanced technologies, has acquired Fisha, a leading e-commerce company based in Israel. Fisha offers a full range of products and services that help businesses improve their e-commerce presence.
buyer: Elad Software Systems Ltd.
Elad Software Systems is a company in Israel that specializes in the development, implementation and integration of a wide range of advanced technologies. Virtue of Elad’s ability to adapt to changing times, it now leads the value of creativity in software services to a diverse customer base. "
target: Fisha Ltd
Fisha is a leading e-commerce company based in Israel. Fisha offers a full range of products and services that help businesses improve their e-commerce presence. Their omnichannel solution allows businesses to manage their e-commerce site, product information, and customer loyalty programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/26/2018 via PR Newswire

Lingaro, acquired ORBA

synopsis: Lingaro, a trusted digital transformation partner, has acquired ORBA, a rapidly growing e-commerce company that continues to provide its partners with top-quality solutions. The company has worked on over 80 e-commerce projects for clients around the world. Both companies are based in Poland.
buyer: Lingaro
Founded in 2008, Lingaro is a trusted digital transformation partner to Fortune Global 500 enterprises. The company innovates around a wide range of disruptive technologies involving big data analytics, the Internet of Things, and robotic process automation. "
target: ORBA
ORBA, founded in 2010 in Warsaw, is a rapidly growing e-commerce company that continues to provide its partners with top-quality solutions. The company has worked on over 80 e-commerce projects for clients around the world. ORBA is an official partner of both Magento and Microsoft.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/4/2018 via Company Press Release

Guapa BV, acquired Made by Mouses

synopsis: Guapa E-commerce has acquired Made by Mouses. From now on, the company will continue under the name Guapa E-commerce in Zwolle, Netherlands. Made by Mouses is an e-commerce specialist based in Zwolle, Netherlands. They have been a specialist in Magento webshops since 2008. Magento is a very efficient and popular webshop software.
buyer: Guapa BV
Based on a proven approach and scrum project methodology, Netherlands-based Guapa E-commerce works with their customers towards high-quality implementations of award winning Magento Enterprise web stores. "
target: Made by Mouses
Made by Mouses is an e-commerce specialist based in Zwolle, Netherlands. They have been a specialist in Magento webshops since 2008. Magento is a very efficient and popular webshop software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/28/2018 via PR Newswire

itelligence AG, will acquire Sybit GmbH

synopsis: itelligence AG, a globally leading SAP consulting company, is acquiring 60% stake in Sybit GmbH, a leading expert in the areas of Customer Relationship Management (CRM) and e-commerce in Germany.
buyer parent: Nippon Telegraph and Telephone Corporation
buyer: itelligence AG
itelligence is a globally leading SAP consulting company that employs some 7,200 highly qualified staff in 25 countries. The company's services range from SAP strategy consulting, SAP license sales and SAP industry solutions developed in-house to application-management and hosting services. "
target: Sybit GmbH
Sybit GmbH is a leading expert in the areas of Customer Relationship Management (CRM) and e-commerce in Germany and has acquired an excellent reputation for its consulting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/22/2018 via Company Press Release

Emakina Group SA, acquired Witty Commerce

synopsis: Emakina Group SA announces the acquisition of WittyCommerce. This Turkish digital agency based in Izmir and Istanbul is an ecommerce expert with an excellent track record in engineering solutions and IT services.
buyer: Emakina Group SA (ENXTBR:ALEMK:$94.85)
The Emakina Group ranks among the top three independent full-service digital agency groups in Europe. Emakina Group agencies offer cutting-edge digital marketing services to leading domestic and multinational clients focusing on creating outstanding user experiences. "
target: Witty Commerce
WittyCommerce, based in Turkey, is mainly an engineering and IT services company. Their specialty is “digital commerce” and they provide solutions for all customer touch-points. WittyCommerce is a top expert in commerce and SAP Hybris.
price ($mm)
$1.25
rev ($mm)
$2
EBITDA ($mm)
$0
EV / rev
0.7x
EV / EBITDA
4.9x
closed 9/27/2017 via Company Press Release

SQLi, acquired Osudio

synopsis: SQLI has completed the acquisition of Osudio, a Netherlands-based leader in e-commerce with operations in Benelux, Denmark and Germany and around 175 experts with key industry skills. Founded in 1996, Osudio assists major corporations in rolling out their digital transformation.
buyer: SQLi (ENXTPA:SQI:$224.55)
Founded in 1990, SQLI is the business world's leading partner for defining, implementing and managing their digital transformations. Its unique positioning allows it to offer comprehensive solutions for companies' performance challenges. "
target: Osudio
Osudio is one of Europe’s largest e-business specialists. Having worked in e-business since the 90’s they understand what works, what doesn’t and what drives growth. Their goal is to help their clients evolve their business model so they can excel in every market or channel.
price ($mm)
rev ($mm)
$22
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/20/2017 via Company Press Release

Capgemini, acquired LyonsCG

synopsis: Capgemini, a global leader in consulting and technology services, announced the acquisition of Lyons Consulting Group (LYONSCG), an award-winning digital and global commerce service provider with deep expertise in Salesforce Commerce Cloud.
buyer: Capgemini (ENXTPA:CAP:$15,280.18)
Capgemini is a global leader in consulting, technology and outsourcing services. Together with its clients, Capgemini creates and delivers business, technology and digital solutions that fit their needs, enabling them to achieve innovation and competitiveness. "
target: LyonsCG
Lyons Consulting Group (LYONSCG) is an award-winning digital and global commerce service provider with deep expertise in Salesforce Commerce Cloud. The company has deep expertise with Salesforce Commerce Cloud and other commerce platforms.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/18/2017 via Market Wire

Ecom Products Group, acquired International Brands Direct

synopsis: Ecom Products Group, a marketing, sales, e-commerce and logistics company, has announced the completion of the acquisition of International Brands Direct. International Brands Direct, a China-based company, provides international retailers access to these platforms to allow for brand building, increased customer retention, and ongoing sales.
buyer: Ecom Products Group (OTCPK:EPGC:$0.18)
Ecom Products Group (EPG) is a marketing, sales, e-commerce and logistics company. EPG offers e-commerce services, from marketing, sales and logistics, to dedicated sector solutions and is also building-out a number of social-based e-commerce platforms. "
target: International Brands Direct
International Brands Direct, or IBD, is a China-based company that has partnerships with some of China’s biggest e-comm platforms. They provide international retailers access to these platforms to allow for brand building, increased customer retention, and ongoing sales.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/4/2017 via Company Press Release

SQLi, acquired Star Republic AB

synopsis: SQLi, the business world's leading partner for defining, implementing and managing their digital transformations, has acquired Star Republic, one of Sweden's brightest innovators and e-commerce experts. Star Republic has delivered +150 customised solutions for companys such as IKEA, Loreal, urb-it, KICKS, Skånetrafiken, and more.
buyer: SQLi (ENXTPA:SQI:$224.55)
Founded in 1990, SQLI is the business world's leading partner for defining, implementing and managing their digital transformations. "
target: Star Republic AB
Since 2003, Star Republic has cultivated their experience to become e-commerce experts and one of Sweden's brightest innovators. From their offices in Gothenburg and Stockholm, they deliver brilliant, complete solutions in digital commerce. Their customers include Carlsberg, IKEA, Loreal and more.
price ($mm)
rev ($mm)
$8
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/5/2017 via PR Newswire

Digility Inc., acquired TAISTech, LLC

synopsis: Digility Inc., the wholly owned subsidiary of Mastek UK, announced the acquisition of US-based leading digital commerce solution provider, TAISTech. Founded in 2000, TAISTech provides strategic consulting, large-scale commerce implementations and support for the Oracle Commerce and Oracle Commerce Cloud applications.
buyer parent: Mastek, Ltd.
buyer: Digility Inc.
Digility Inc., a fully owned subsidiary of Mastek, is a niche digital transformation services provider, who uses agile methodologies to service customers. "
target: TAISTech, LLC
TAISTech is a global implementation and services firm focused on Oracle Commerce. They are an Oracle Gold Partner. TAISTech has over 15 years of experience helping companies succeed by delivering the technology that engages customers and drives sales.
price ($mm)
$25
rev ($mm)
$30
EBITDA ($mm)
EV / rev
0.8x
EV / EBITDA
closed 11/29/2016 via GlobeNewswire

Weidenhammer Systems Corporation, acquired Praxis Information Science

synopsis: Weidenhammer announced that they reached an agreement to acquire Praxis Information Science, an influential and innovative e-commerce firm, based in Austin, Texas. Praxis has built a focused e-commerce consultancy with deep roots in the Magento ecosystem and a strong track record of innovating internally and on behalf of clients.
buyer: Weidenhammer Systems Corporation
Weidenhammer Systems Corporation is a provider of information technology solutions for the commercial and education marketplace. Services include: consulting, software development, infrastructure solutions, managed services and cloud solutions, as well as school district administrative solutions. "
target: Praxis Information Science
Praxis has built a focused e-commerce consultancy with deep roots in the Magento ecosystem and a strong track record of innovating internally and on behalf of clients. Their forward-thinking design and disruptive technologies create experiences that transform customers into evangelists.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via BNC Analysis

Tech Mahindra Limited, acquired Born Group

synopsis: Tech Mahindra Ltd, India's company that offers innovative and customer-centric information technology experiences, acquired Born, a digital content production agency that provides a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Headquartered in India, Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Born Group
Born is a digital content production agency. They provide a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions. Their evolution represents their passion for delivering fully integrated creative work to global clients.
price ($mm)
$95
rev ($mm)
$50
EBITDA ($mm)
EV / rev
2.4x
EV / EBITDA
announced 2/26/2020 via BNC Analysis

Tech Mahindra Limited, will acquire Zen3

synopsis: IT services major Tech Mahindra will acquire Zen3 Infosolutions, an AI-first, data-driven, cloud-native organization. Zen3 provides customized solutions to help leading companies solve their unique technology challenges. The company also offers products for speech analytics, data projects, and database migration.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Zen3
Zen3 is an AI-first, data-driven, cloud-native organization. Zen3 provides customized solutions to help leading companies solve their unique technology challenges. The company also offers products for speech analytics, data projects, and database migration.
price ($mm)
$42
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via BNC Analysis

Tech Mahindra Limited, acquired Born Group

synopsis: Tech Mahindra Ltd, India's company that offers innovative and customer-centric information technology experiences, acquired Born, a digital content production agency that provides a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Headquartered in India, Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Born Group
Born is a digital content production agency. They provide a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions. Their evolution represents their passion for delivering fully integrated creative work to global clients.
price ($mm)
$95
rev ($mm)
$50
EBITDA ($mm)
EV / rev
2.4x
EV / EBITDA
closed 8/20/2019 via Company Press Release

Resolve Systems, acquired FixStream Network Inc.

synopsis: Resolve Systems®, the leading IT automation and orchestration platform, announced the acquisition of FixStream, a pioneer in AIOps.
buyer parent: Insight Venture Partners
buyer: Resolve Systems
Resolve is the #1 IT automation and orchestration platform, powering more than a million automations every day from simple, high-volume tasks to incredibly complex processes that go well beyond what is imagined as automatable. "
target parent: Mahindra Group
target: FixStream Network Inc.
FixStream is one of the fastest-growing AIOps platforms. Its proven solution provides automated dependency mapping that dynamically tracks the changing relationships between applications and underlying infrastructure to aid in quickly diagnosing the root cause of performance issues and outages.
price ($mm)
$24
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.7x
EV / EBITDA
closed 8/16/2019 via BNC Analysis

Tech Mahindra Limited, acquired Mad*Pow

synopsis: Mad*Pow has completed its sale to Tech Mahindra, an India based technology company. Mad*Pow's unique product offering and diverse clientele will provide Tech Mahindra with a broader digital footprint in the U.S. as well as the world. Mad*Pow is a purpose-driven, strategic design consultancy working with industry leaders to create social impact.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Mad*Pow
Mad*Pow is a purpose-driven, strategic design consultancy working with industry leaders to create social impact. Mad*Pow leverages strategic design and the psychology of motivation to create innovative experiences and compelling digital solutions that are good for people and good for business.
price ($mm)
$16*
rev ($mm)
$15
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
announced 6/17/2019 via BNC Analysis

Tech Mahindra Limited, will acquire Objectwise Consulting Group Inc.

synopsis: Tech Mahindra, an information technology firm, will acquire Objectwise Consulting Group Inc, a Canadian IT staff augmentation and consulting company that helps Fortune 100 enterprises deliver successful IT projects. Objectwise helps their clients staff many different IT project roles, including Senior Program Managers, Project Managers and more.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Objectwise Consulting Group Inc.
Objectwise is a Canadian IT staff augmentation and consulting company that helps Fortune 100 enterprises across North America deliver successful IT projects. Objectwise helps their clients staff many different IT project roles, including Senior Program Managers, Project Managers and more.
price ($mm)
$2.06
rev ($mm)
$10
EBITDA ($mm)
EV / rev
0.2x
EV / EBITDA
announced 2/1/2019 via BNC Analysis

Tech Mahindra Limited, will acquire Dynacommerce Holding B.V.

synopsis: Indian IT services major Tech Mahindra has announced the acquisition of a 4-year-old Netherlands-based IT firm Dynacommerce Holding BV. Dynacommerce provides end-to-end omnichannel sales and order-management solutions for mobile, cable, media and utility companies.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Dynacommerce Holding B.V.
Dynacommerce provides end-to-end omnichannel sales and order-management solutions for mobile, cable, media and utility companies. Dynacommerce helps them to transform into agile digital service providers enabling the most complex customer journeys and business models of today and the future.
price ($mm)
$18
rev ($mm)
$10
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
closed 1/31/2018 via Company Press Release

The HCI Group, acquired Infinity HIT, LLC

synopsis: The HCI Group, a top ranked global healthcare IT consulting firm, announced its acquisition of Infinity HIT, a MEDITECH READY Partner. Infinity HIT provides consulting, implementation, optimization, staffing and support services to hospitals and health systems utilizing MEDITECH’s platforms.
buyer parent: Tech Mahindra Limited
buyer: The HCI Group
The HCI Group is a global leader in healthcare IT consulting committed to helping organizations reduce IT operating costs and drive digital transformation initiatives. Their services include advisory services, infrastructure management, application development and IT system implementation. "
target: Infinity HIT, LLC
Infinity HIT, a MEDITECH READY Certified Firm, provides consulting, implementation, optimization, staffing and support services to hospitals and health systems utilizing MEDITECH’s platforms. They enable improved clinical care and operational effectiveness.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/21/2017 via BNC Analysis

TalkPool AG, will purchase LCC Pakistan from Lightbridge Communications Corporation

synopsis: Tech Mahindra announced that its subsidiary, Lightbridge Communications Corporation (LCC), has agreed to sell 100 percent of LCC Pakistan (Pvt) Ltd to Talkpool AG. LCC is a recognized leader in providing consulting and network services to the telecommunications industry, and it provides network services in Pakistan through LCC Pakistan.
buyer: TalkPool AG (OM:TALK:$14.20)
TalkPool enables the IoT ecosystem by providing professional services and solutions for Internet of Things and the emerging cloud infrastructures. TalkPool also delivers a comprehensive range of network design, engineering, implementation and managed services designs. "
seller parent: Mahindra Group
seller: Lightbridge Communications Corporation
Founded in 2008 with about 1,000 employees, LCC Pakistan provides network services in Pakistan. Lightbridge Communications Corporation (LCC) is a recognized leader in providing consulting and network services to the telecommunications industry.
price ($mm)
$5.20
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
announced 3/6/2017 via BNC Analysis

Tech Mahindra Limited, will acquire The HCI Group

synopsis: Tech Mahindra has signed an agreement to acquire US-based healthcare IT consulting company CJS Solutions Group LLC, which conducts business as The HCI Group. The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) software.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. They have 112,800+ professionals across 90 countries, helping over 825 global customers. "
target: The HCI Group
Headquartered in Jacksonville, Florida, The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) and Electronic Medical Record (EMR) software, training and support services.
price ($mm)
$90*
rev ($mm)
$114
EBITDA ($mm)
EV / rev
0.9x
EV / EBITDA
closed 6/23/2016 via BNC Analysis

Tech Mahindra Limited, acquired The BIO Agency

synopsis: Technology services provider Tech Mahindra Ltd (TechM) said it has acquired UK-based digital transformation firm The BIO Agency Ltd, strengthening an important focus area for the company. The BIO Agency offers digital strategy, service design, digital retail, connected products, product innovation and e-commerce solutions.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. They have 103,600+ professionals across 90 countries, helping 750+ global customers. "
target: The BIO Agency
BIO’s team of digital experts specialise in digital innovation and transformation. The agency offers an end-to-end service: business strategy, customer experience and vision strategy, user experience, service design, creative innovation, design, delivery and technical development.
price ($mm)
$64
rev ($mm)
$18
EBITDA ($mm)
EV / rev
3.6x
EV / EBITDA
announced 5/27/2016 via Company Press Release

Tech Mahindra Limited, will acquire Target Group

synopsis: Target Group, the financial services outsourcing and software provider, has announced the acquisition of the business by global multi-national specialist in digital transformation, Tech Mahindra.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. They have 103,600+ professionals across 90 countries, helping 750+ global customers. "
target parent: Pollen Street Capital
target: Target Group
Target Group delivers software and business process outsourcing solutions to the financial services industry for loans and mortgages, savings, investments and insurance. 25% of the world’s top 20 global banks use Target’s software and services to manage their lending and investment portfolios.
price ($mm)
$160
rev ($mm)
$74
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
announced 4/21/2014 via BNC Analysis

Tech Mahindra Limited, will acquire FixStream Network Inc.

synopsis: Tech Mahindra, the IT outsourcing business of the $16.2-billion Mahindra Group, has acquired US-based big data analytics startup FixStream Network. FixStream offers a technology platform that manages data and correlates application instances, storage, flows, paths, and network services.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra is part of the US $15.4 billion Mahindra Group and is a leading global systems integrator and business transformation consulting organization, focused primarily on the telecommunications industry. "
target: FixStream Network Inc.
FixStream Network Inc. provides a datacenter and cloud management platform. It offers a technology platform that manages data and correlates application instances, storage, flows, paths, and network services.
price ($mm)
$10*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/17/2012 via BNC Analysis

Tech Mahindra Limited, will acquire Comviva Technologies Limited

synopsis: India’s Tech Mahindra Ltd. agreed to buy 51% of telecom software company Comviva Technologies from the Bharti Groupand a clutch of shareholders. Comviva offers mobile software solutions to more than 1 billion users through 130 service providers and banks in more than 90 countries across Asia, Africa, the Middle East, Latin America and Europe.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra is part of the US $15.4 billion Mahindra Group and is a leading global systems integrator and business transformation consulting organization, focused primarily on the telecommunications industry. "
target parent: Bharti Airtel Limited
target: Comviva Technologies Limited
Formed in 1999, Comviva has grown rapidly to become the global leader in providing mobile solutions beyond VAS. Comviva’s portfolio of productized solutions and services enable mobile service providers to optimize cost structures, create increased subscriber loyalty and accelerate revenue growth.
price ($mm)
$48*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/25/2013 via PR Newswire

Mahindra Satyam merged with Tech Mahindra Limited,

synopsis: Tech Mahindra Limited, a specialist provider of information technology (IT) solutions and services to the telecommunications industry, and Mahindra Satyam, a leading global consulting and IT services provider, announced the formal amalgamation of Mahindra Satyam with Tech Mahindra.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Tech Mahindra is part of the US $15.4 billion Mahindra Group and is a leading global systems integrator and business transformation consulting organization, focused primarily on the telecommunications industry. "
target: Mahindra Satyam (SATYAM.BO:$1,071.56)
Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance.
price ($mm)[EV]
$1,019 [$562]*
rev ($mm)
$1,150
EBITDA ($mm)
$179
EV / rev
1.1x
EV / EBITDA
7.4x
closed 11/13/2019 via BNC Analysis

Tech Mahindra Limited, acquired Born Group

synopsis: Tech Mahindra Ltd, India's company that offers innovative and customer-centric information technology experiences, acquired Born, a digital content production agency that provides a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,067.09)
Headquartered in India, Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences. Their convergent, digital, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value. "
target: Born Group
Born is a digital content production agency. They provide a suite of market-leading services, from large-scale image production to bespoke content experiences and innovative ecommerce solutions. Their evolution represents their passion for delivering fully integrated creative work to global clients.
price ($mm)
$95
rev ($mm)
$50
EBITDA ($mm)
EV / rev
2.4x
EV / EBITDA
announced 2/12/2020 via BNC Analysis

Computer Gross, will acquire Clever Consulting S.r.l.

synopsis: Computer Gross, a market-leading value-added distributor in Italy, will acquire a 55% stake in Clever Consulting, an Italian IT consulting company that specializes in designing, implementing and maintaining advanced technology solutions. Clever Consulting offers services for IT project management, IT disaster recovery, mobility, and more.
buyer: Computer Gross
Computer Gross is a market-leading value-added distributor in Italy. Computer Gross partners with leading IT brands to offer high-performance solutions. Their wide range of solutions include data center, analytics & big data, cloud, security, networking, and more. "
target: Clever Consulting S.r.l.
Clever Consulting is an Italian IT consulting company that specializes in designing, implementing and maintaining advanced technology solutions. Clever Consulting offers services for IT project management, IT disaster recovery, mobility, and more.
price ($mm)
$2.19*
rev ($mm)
$5
EBITDA ($mm)
EV / rev
0.9x
EV / EBITDA
announced 2/6/2020 via BNC Analysis

Prodigy Ventures Inc., will acquire ZoftNow Inc.

synopsis: Prodigy Ventures Inc. is to acquire ZoftNow Inc., a boutique consulting firm with practitioners & associates that have extensive experience & capabilities in both technology products and projects lifecycle from digital transformation assessments to successful ongoing maintenance programs.
buyer: Prodigy Ventures Inc. (TSXV:PGV:$15.06)
Prodigy Ventures is an innovation company and an early stage investment opportunity in emerging technologies. The Company develops software and services with emerging technologies for digital transformation, identity and payments. "
target: ZoftNow Inc.
ZoftNow is a boutique consulting firm with practitioners & associates that have extensive experience & capabilities in both technology products and projects lifecycle from digital transformation assessments to successful ongoing maintenance programs.
price ($mm)
$0.57
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2020 via PR Web

Learn on Demand Systems, acquired Wadeware LLC

synopsis: Learn on Demand Systems, a global leader in hands-on learning, announced the acquisition of Wadeware, a technical training and content development firm. Wadeware™ provides in-depth technical consulting in the critical business areas of communication and collaboration.
buyer: Learn on Demand Systems
Learn on Demand Systems empowers organizations to accelerate technology learning through hands-on experience and skills validation. A global leader in hands-on live learning, they recognize the challenges companies face to create and maintain engaging labs, workshops, courses and assessments. "
target: Wadeware LLC
Wadeware™ provides in-depth technical consulting in the critical business areas of communication and collaboration. They specialize in best-of-breed messaging, portal, directory, collaboration, networking, and security solutions that improve their clients’ abilities to communicate effectively.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/19/2019 via Company Press Release

Relevance Lab, acquired CIGNEX Holding Corporation

synopsis: CIGNEX Datamatics, a leading provider of Open Source, Cloud and Automation technology solutions and services, has been acquired by Relevance Lab, a specialist IT services company with re-usable technology assets in the area of DevOps, Cloud, Automation, Digital, Service Delivery, and Supply Chain Analytics.
buyer: Relevance Lab
Relevance Lab is an IT services company with re-usable technology assets in the DevOps, Cloud, Automation, Digital, Service Delivery, and Agile Analytics domains. The company helps organizations change their Infrastructure, Applications, and Data to provide business scale and operational efficiency."
target parent: Datamatics Global Services Ltd
target: CIGNEX Holding Corporation
CIGNEX Datamatics is a global consulting company offering solutions & services on Open Source, Cloud, and Automation. CIGNEX Datamatics develops enterprise class solutions built using leading platforms & tools that integrate with existing systems to achieve unparalleled results.
price ($mm)
rev ($mm)
$28
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/18/2019 via BNC Analysis

Souter Investments, acquired Stone Group

synopsis: Souter Investments has completed the acquisition of a majority stake in Stone Group, an ICT services provider. Stone Group has assisted thousands of organisations in adapting and thriving in a continually changing technology landscape by deploying valuable technology, delivering personalised services and providing reliable IT support.
buyer: Souter Investments
Souter Investments is the private family investment office of Stagecoach co-founder Sir Brian Souter. They invest in many assets classes, including funds, real estate and quoted markets, however, they primarily focus on Private Equity investments. "
target parent: RJD Partners Limited
target: Stone Group
Founded in 1991, Stone Group has assisted thousands of organisations in adapting and thriving in a continually changing technology landscape by deploying valuable technology, delivering personalised services and providing reliable IT support.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via BNC Analysis

Softtek, acquired Vector ITC Group

synopsis: Mexico-based digital transformation firm Softtek has acquired a 75 percent stake in Spanish technology consultancy Vector ITC. Vector ITC, founded in 2002 and consolidated under its current name in 2014, serves banking, retail, tourism and other vertical markets.
buyer: Softtek
Softtek is the largest IT services provider in the Latin American region but its clientele spans the globe. Founded in 1982, Softtek is a global company helping organizations bridge the digital gap. "
target: Vector ITC Group
Vector ITC is a Spanish technology consultancy. Vector ITC, founded in 2002, serves banking, retail, tourism and other vertical markets. Vector ITC designs and develops initiatives based on cutting-edge technology to drive digital change and generate the greatest value for companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2019 via BNC Analysis

Altia Consultants SA, will acquire Noesis

synopsis: Altia, a Spanish technology consultancy, will acquire Noesis, an international tech consulting company based in Portugal. Noesis offers services and solutions to support clients in digital transformation and the development of their businesses. Their services include data analytics & AI, ERP, enterprise solutions, infrastructure, DevOps, and more.
buyer: Altia Consultants SA
Altia is a Spanish technology consultancy. Altia helps their clients to improve their productivity, quality, and service. The company offers outsourcing, development, consulting, managed services, and hardware & software solutions. "
target: Noesis
Noesis is an international tech consulting company based in Portugal. Noesis offers services and solutions to support clients in digital transformation and the development of their businesses. Their services include data analytics & AI, ERP, enterprise solutions, infrastructure, DevOps, and more.
price ($mm)
$16
rev ($mm)
$42
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
announced 11/28/2019 via BNC Analysis

GFI Informatique SA, will acquire Informática El Corte Inglés, S.A.

synopsis: El Corte Inglés will sell its IT subsidiary, Informática El Corte Inglés (IECISA), to French Group GFI Informatique SA. IECISA specialises in providing digital solutions and value-added services to digitally transform companies and public entities.
buyer parent: QIPCO Holding
buyer: GFI Informatique SA (ENXTPA:GFI:$997.27)
Since 1995, GFI Informatique has positioned itself as one of the leading IT service firms in France and Southern Europe. GFI Informatique provides its customers with expertise in consulting, systems integration, outsourcing and software solutions. "
target parent: El Corte Inglés, S.A.
target: Informática El Corte Inglés, S.A.
Informática El Corte Inglés (IECISA) is the technology innovation company of the El Corte Ingles Group. It specialises in providing digital solutions and value-added services to digitally transform companies and public entities.
price ($mm)
$386
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/13/2019 via PR Newswire

Eliassen Group, acquired Webster Consulting Group

synopsis: Eliassen Group, LLC, a strategic consulting and talent solutions firm, announced that it has acquired Webster Consulting Group, LLC , a national professional services firm. Webster Consulting Group is a professional services firm that provides reliable IT consulting and staffing solutions.
buyer parent: Stone Point Capital, LLC
buyer: Eliassen Group
Eliassen Group delivers strategic consulting and talent solutions that fuel innovation and business results. They partner with clients to marry their business objectives with their expertise, empowering their company to execute business strategy and scale their business effectively and efficiently. "
target: Webster Consulting Group
Webster Consulting Group is a professional services firm that provides reliable IT consulting and staffing solutions. Founded by experienced IT consulting executives, they combine technical expertise with a solid understanding of the importance of delivering projects on time and within budget.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/8/2019 via BusinessWire

DXC Technology Company, acquired Virtual Clarity Limited

synopsis: DXC Technology has acquired UK-based Virtual Clarity, a leading provider of IT-as-a-Service (ITaaS) transformation advisory services. The acquisition further positions DXC as a leading provider of IT Modernization services for applications and infrastructure and strengthens DXC’s ability to assess, design, and manage transformations to cloud.
buyer: DXC Technology Company (DXC:$20,199.00)
DXC Technology, the world’s leading independent, end-to-end IT services company, manages and modernizes mission-critical systems, integrating them with new digital solutions to produce better business outcomes. "
target: Virtual Clarity Limited
UK-based Virtual Clarity is a provider of IT-as-a-Service transformation advisory services. Virtual Clarity is comprised of enterprise IT experts with deep knowledge of modern tools, techniques and key industries, including Financial Services, Health Care, Manufacturing, and Telecommunications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/24/2019 via BNC Analysis

Fuji Xerox Co., Ltd., will acquire CSG Limited

synopsis: Fuji Xerox, a leading Document Services & Communications provider, will acquire CSG Limited, an Australian technology as a service organization that helps customers maximize productivity and efficiency while reducing costs. CSG provides managed technology, print and cloud solutions for customers of all sizes.
buyer: Fuji Xerox Co., Ltd.
Fuji Xerox is a leading Document Services & Communications provider. Fuji Xerox offers technology solutions and business services to meet its customers' information management needs. Fuji Xerox has expertise in document management, print, office supplies, software solutions and managed services. "
target: CSG Limited (ASX:CSV:$149.44)
CSG is an Australian technology as a service organization that helps customers maximize productivity and efficiency while reducing costs. CSG provides managed technology, print and cloud solutions for customers who range from the small to medium businesses up to large enterprise and government.
price ($mm)[EV]
$95 [$239]
rev ($mm)
$149
EBITDA ($mm)
$16
EV / rev
1.7x
EV / EBITDA
15.7x
closed 9/6/2019 via BNC Analysis

Lightwell Inc, acquired Leveraging Technology

synopsis: Lightwell, an award-winning provider of Integration, Supply Chain, Omnichannel Order Management, and Data Analytics services and solutions, announced it has acquired Leveraging Technology, a New York-based IT consultancy focused on Integration, API Management, Enterprise Architecture, and Cloud/Hybrid Cloud technologies.
buyer: Lightwell Inc
Lightwell is an award-winning provider of Integration, Supply Chain, Omnichannel Order Management, and Data Analytics services and solutions. In addition, they provide IT consulting and IT staffing services to help companies address their technology project and resource needs. "
target: Leveraging Technology
Leveraging Technology is a privately-held IT consulting company headquartered in Rochester, NY. Their client base includes Fortune 500 corporations and smaller regional companies spanning many different industries—including health care, manufacturing, food services, banking, and financial services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/29/2019 via Yahoo, Inc.

S&T AG, acquired BASS Systems SRL

synopsis: S&T AG, a company that provides information technology consulting services in Austria, has acquired BASS Systems SRL. BASS Systems provides IT solutions for complex scenarios, delivering measurable results. Based in the Republic of Moldova, they are specialized in consulting, software development, software architecture and project management.
buyer: S&T AG (XTRA:SANT:$1,174.29)
S&T provides information technology consulting services in Austria. The company advises companies on information technology strategy, deploys and integrates appropriate technologies, and manages elements of their infrastructures on their behalf. "
target: BASS Systems SRL
Since 2008, BASS Systems has been providing IT solutions for complex scenarios, delivering measurable results. Based in the Republic of Moldova, they are specialized in consulting, software development, software architecture and project management.
price ($mm)
$6.40*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/28/2019 via Company Press Release

Jitsugyo no Nihonsha, will acquire NCXX Solutions Inc

synopsis: Jitsugyo no Nihonsha, a Japanese publishing company for books, magazine, comics, and digital contents, will be acquiring NCXX Solutions Inc., a company involved in the design, development, sales and maintenance, management and consulting services of computer software and systems.
buyer: Jitsugyo no Nihonsha
Based in Japan, Jitsugyo no Nihonsha is a Japanese publishing company for books, magazine, comics, and digital contents. Jitsugyo no Nihonsha has been working with readers through the publication of magazines and books since its establishment in 1897. "
target parent: CAICA Inc.
target: NCXX Solutions Inc
NCXX Solutions Inc., based in Japan, is involved in the design, development, sales and maintenance, management and consulting services of computer software and systems.
price ($mm)
$6.18
rev ($mm)
$25
EBITDA ($mm)
EV / rev
0.2x
EV / EBITDA
closed 8/28/2019 via Company Press Release

IT Relation, purchased Miracle42 from Miracle A/S

synopsis: IT Relation has acquired Miracle42, which until now has been an independent subsidiary and competence center in Miracle A/S. Miracle42 is a leader in application management and managed services, as well as being publicly known and respected for its deep and broad competencies regarding DBA Services within Microsoft SQL and Oracle databases.
buyer parent: HgCapital
buyer: IT Relation
IT Relation is a Danish supplier of managed IT services to small and medium sized enterprises (SMEs). They provide services which allow SMEs to move their IT infrastructure and operations into the cloud, as well as providing end user support and consulting as part of a full-service IT offering. "
seller: Miracle A/S
Miracle42 is a leader in application management and managed services, as well as being publicly known and respected for its deep and broad competencies regarding DBA Services within Microsoft SQL and Oracle databases.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/14/2019 via BNC Analysis

PCCW Solutions, will purchase HCL Insys Pte. from HCL Technologies Limited

synopsis: HCL Infosystems Ltd, a leading global technology company, will sell its subsidiary, HCL Insys Pte., to PCCW Solutions, the IT flagship of PCCW Group. HCL Insys Pte. is a premier IT services & solutions company headquartered in Singapore.
buyer parent: PCCW Limited
buyer: PCCW Solutions
PCCW Solutions, IT flagship of PCCW Group, is a leading IT services company in Hong Kong and mainland China. The company helps enterprises accelerate their switch to digital processes. It also supplies and maintains critical IT systems for the public sector, according to its website. "
seller: HCL Technologies Limited (NSEI:HCLTECH:$8,941.45)
HCL Insys Pte. is a premier IT services & solutions company headquartered in Singapore. With one of the largest sales and distribution networks in the country, it provides value, connect and support to corporates in the Computing, Storage, Networking, Security & DevOps.
price ($mm)
$30
rev ($mm)
$66
EBITDA ($mm)
EV / rev
0.5x
EV / EBITDA
closed 7/3/2019 via BNC Analysis

VR Equitypartner, acquired SIGNON Österreich GmbH

synopsis: VR Equitypartner GmbH, one of the leading private equity financiers in Germany, Austria and Switzerland, has acquired a majority stake in SIGNON Österreich GmbH from TÜV SÜD, a safety and sustainability solutions provider. SIGNON is a Vienna-based IT service provider specializing in mobility, infrastructure, and digitization.
buyer: VR Equitypartner
VR Equitypartner is one of the leading private equity financiers in Germany, Austria and Switzerland. The firm supports medium-sized family companies on a target-driven basis. VR Equitypartner's portfolio comprises around 100 investments with an investment volume of EUR 500 million. "
target parent: TUV SUD
target: SIGNON Österreich GmbH
SIGNON is a Vienna-based IT service provider specializing in mobility, infrastructure, and digitization. SIGNON accompany their clients along the whole IT value chain. Their services include consulting, business software development, safety, artificial intelligence, mobile apps, and operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/3/2019 via PR Newswire

Converge Technology Solutions, acquired Nordisk Systems, Inc.

synopsis: Converge Technology Solutions, a Canadian company that combines innovation accelerators and foundational infrastructure solutions to deliver services to clients, has acquired Nordisk Systems, a leading technology solution provider focused on infrastructure, cloud, security, analytics, business continuity and managed services solutions.
buyer: Converge Technology Solutions (TSXV:CTS:$459.59)
Headquartered in Canada, Converge combines innovation accelerators and foundational infrastructure solutions to deliver the best solutions and services to customers. They are building a platform to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services. "
target: Nordisk Systems, Inc.
Nordisk Systems is a leading technology solution provider with decades of experience. They are committed to relieving customers' technology burdens, with the ability to architect visionary infrastructure that solves immediate needs while focusing to achieve future business initiatives.
price ($mm)
$6.50
rev ($mm)
$19
EBITDA ($mm)
$2
EV / rev
0.5x
EV / EBITDA
6.3x
closed 7/1/2019 via BNC Analysis

Umanis, purchased Oceane Consulting Nord from Oceane Consulting

synopsis: Umanis, the French leader in data, digital and business solutions, has acquired Oceane Consulting Nord from Ocean Consulting, a France-based digital services company. Oceane Consulting Nord provides IT consulting services to businesses in the Hauts-de-France region. They offer services for big data, data management, disaster recovery, and more.
buyer: Umanis (ENXTPA:ALUMS:$233.58)
Umanis provides IT consulting and engineering services primarily in France. They specialize in big data, business intelligence and customer relationship management. They were founded in 1990 and are based in France. "
seller: Oceane Consulting
Oceane Consulting is a France-based digital services company. Oceane Consulting provides their clients with solutions that best suits their IT needs. They offer services for big data, data management, eCommerce, business portals, disaster recovery, unified messaging, document management, and more.
price ($mm)
$102
rev ($mm)
$9
EBITDA ($mm)
EV / rev
12.0x
EV / EBITDA

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Ticker: XTRA:EUCA
 
 
 
 
 
 
 
 
Euromicron AG
euromicron AG is a medium-sized high-tech group and specialist for the Internet of Things (IoT). euromicron enables its customers to network business and production processes and successfully move to a digital future.
year
2016
rev ($mm)
$357.08
EBITDA ($mm)
$6.34
EBIT ($mm)
($1.76)
Net Income ($mm)
Employees
1813
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Ticker: ASX:RHP
 
 
 
 
 
 
 
 
rhipe
rhipe
rhipe, the Cloud Channel Company, distributes and aggregates subscription licensing models for Service Providers from many of the world’s leading software vendors including Microsoft, VMware, Red Hat, Citrix, Veeam, Trend Micro, Sinefa and DocuSign. They are based in Australia.
year
2018
rev ($mm)
$136.48
EBITDA ($mm)
$4.69
EBIT ($mm)
$4.27
Net Income ($mm)
$3.40
Employees
203
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Ticker: AIM:CNIC
 
 
 
 
 
 
 
 
CentralNic Group plc
CentralNic plc, (AIM: CNIC) is the Registry Service Provider powering the sale of domain names through online retailers globally. One of the world's pioneering registry service providers, CentralNic provides registry services, distribution, and strategic consultancy for new TLDs, ccTLDs and SLDs.
year
2019
rev ($mm)
$88.62
EBITDA ($mm)
$10.40
EBIT ($mm)
$5.02
Net Income ($mm)
Employees
234
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Ticker: BSE:512161
 
 
 
 
 
 
 
 
8KMiles
8KMiles
8K Miles Software Services is a global Cloud, SaaS & Security Solutions company. They provide digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, large enterprises, healthcare providers and pharmaceutical companies.
year
2016
rev ($mm)
$56.81
EBITDA ($mm)
$18.04
EBIT ($mm)
$16.08
Net Income ($mm)
$9.79
Employees
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Ticker: SYAI
 
 
 
 
 
 
 
 
Cloudeeva, Inc.
Cloudeeva, Inc.
Cloudeeva is the leading provider of fully diversified, end-to-end enterprise cloud solutions and information technology solutions to commercial and government clients worldwide.
year
2012
rev ($mm)
$40.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: DXC
 
 
 
 
 
 
 
 
DXC Technology Company
DXC Technology Company
DXC Technology is the world's leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. The company serves nearly 6,000 private and public sector clients across 70 countries.
year
2019
rev ($mm)
$20,199.00
EBITDA ($mm)
$3,733.00
EBIT ($mm)
$2,024.00
Net Income ($mm)
Employees
130000
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Ticker: CTSH
 
 
 
 
 
 
 
 
Cognizant Technology Solutions
Cognizant Technology Solutions
Cognizant is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses.
year
2019
rev ($mm)
$16,628.00
EBITDA ($mm)
$3,169.00
EBIT ($mm)
$2,659.00
Net Income ($mm)
$2,095.00
Employees
289900
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Ticker: ENXTPA:CAP
 
 
 
 
 
 
 
 
Capgemini
Capgemini
Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services with more than 145,000 people in over 40 countries. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want.
year
2019
rev ($mm)
$15,280.18
EBITDA ($mm)
$1,965.60
EBIT ($mm)
$1,638.90
Net Income ($mm)
$926.01
Employees
216801
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Ticker: ENXTPA:ATO
 
 
 
 
 
 
 
 
Atos SE
Atos SE
Serving a global client base, Atos SE provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry.
year
2019
rev ($mm)
$14,259.69
EBITDA ($mm)
$1,953.29
EBIT ($mm)
$1,297.35
Net Income ($mm)
$4,064.14
Employees
100503
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Ticker: NSEI:INFY
 
 
 
 
 
 
 
 
Infosys Limited
Infosys Limited
Infosys is a global leader in consulting, technology, and outsourcing solutions. Infosys enables clients in more than 50 countries to outperform the competition and stay ahead of the innovation curve.
year
2019
rev ($mm)
$12,642.00
EBITDA ($mm)
$3,023.00
EBIT ($mm)
$2,709.00
Net Income ($mm)
$2,322.00
Employees
228123
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Ticker: NSEI:HCLTECH
 
 
 
 
 
 
 
 
HCL Technologies Limited
HCL Technologies Limited
Founded in 1976 as one of India's original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor based computer in 1978 well before its global peers.
year
2019
rev ($mm)
$8,941.45
EBITDA ($mm)
$2,001.75
EBIT ($mm)
$1,682.97
Net Income ($mm)
$1,404.66
Employees
120081
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Ticker: ENXTPA:SOP
 
 
 
 
 
 
 
 
Sopra Steria
Sopra Steria
Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of end-to-end service offerings on the market: consulting, systems integration, software development and business process services.
year
2019
rev ($mm)
$4,879.84
EBITDA ($mm)
$431.50
EBIT ($mm)
$322.14
Net Income ($mm)
$167.96
Employees
44959
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Ticker: JSE:DTC
 
 
 
 
 
 
 
 
Datatec Limited
Datatec Limited
Datatec is a global ICT solutions and services group with revenues of over US$ 5 billion, more than 7,500 employees worldwide and operations in over 50 countries. The Group operates in three principal areas of the ICT industry: Technology, Integration and Consulting.
year
2019
rev ($mm)
$4,332.38
EBITDA ($mm)
$102.34
EBIT ($mm)
$66.23
Net Income ($mm)
$13.13
Employees
10130
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Ticker: TSE:4307
 
 
 
 
 
 
 
 
Nomura Research Institute, Ltd.
Nomura Research Institute, Ltd.
Nomura Research Institute (NRI) is an independent, global IT solutions and consulting services provider. Leveraging NRI's global consulting business, NRI is able to provide innovative IT solutions for investment banks, asset managers, banks, insurance providers, retailers and distributors.
year
2016
rev ($mm)
$4,088.01
EBITDA ($mm)
$882.92
EBIT ($mm)
$568.49
Net Income ($mm)
$425.37
Employees
10757
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Ticker: OB:ATEA
 
 
 
 
 
 
 
 
Atea ASA
Atea ASA
Atea is the leading Nordic and Baltic supplier of IT infrastructure. Atea is present in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assist its customers with specialist competencies within IT infrastructure services.
year
2019
rev ($mm)
$3,934.76
EBITDA ($mm)
$106.11
EBIT ($mm)
$76.84
Net Income ($mm)
$51.85
Employees
7419
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Ticker: BME:IDR
 
 
 
 
 
 
 
 
Indra Sistemas, S.A.
Indra Sistemas, S.A.
Indra is one of the main global consulting and technology companies and the technology partner for core business operations of its clients businesses throughout the world. Indra is a world leader in the development of comprehensive technological solutions.
year
2019
rev ($mm)
$3,577.74
EBITDA ($mm)
$233.15
EBIT ($mm)
$226.34
Net Income ($mm)
$127.98
Employees
47333
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Ticker: WSE:ACP
 
 
 
 
 
 
 
 
The Asseco Group
The Asseco Group
Asseco Poland is the largest IT company listed on the Warsaw Stock Exchange. It has developed technologically advanced software solutions for companies and institutions of all key sectors of the economy for more than 20 years.
year
2019
rev ($mm)
$2,497.10
EBITDA ($mm)
$335.43
EBIT ($mm)
$220.68
Net Income ($mm)
$89.18
Employees
24053
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Ticker: HLSE:TIE1V
 
 
 
 
 
 
 
 
Tieto
Tieto
Tieto is the largest IT services company in the Nordics providing full lifecycle IT services. They also provide global product development services for companies in the communications and embedded technologies arena.
year
2019
rev ($mm)
$1,794.11
EBITDA ($mm)
$222.02
EBIT ($mm)
$156.83
Net Income ($mm)
$134.87
Employees
15275
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Ticker: OB:EVRY
 
 
 
 
 
 
 
 
Evry AS
Evry AS
EVRY is one of the leading IT service and software providers in the Nordic region and has around 10,000 customers across the private and public sectors. Through its strong local presence and in-depth technological and commercial insight, EVRY is a driving force for innovation and modernisation.
year
2019
rev ($mm)
$1,492.17
EBITDA ($mm)
$142.35
EBIT ($mm)
$124.31
Net Income ($mm)
$75.30
Employees
8897
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Ticker: HOSE:FPT
 
 
 
 
 
 
 
 
FPT Corporation
FPT Corporation is the global leading technology and IT services group headquartered in Vietnam. FPT delivers world-class services in Smart factory, Digital platform, RPA, AI, IoT, Enterprise Mobilization, Cloud, AR/VR, Embedded System, Application Service, BPO and more services globally.
year
2018
rev ($mm)
$1,436.62
EBITDA ($mm)
$177.61
EBIT ($mm)
$132.83
Net Income ($mm)
$133.31
Employees
26644
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