Like Syncordis SA

announced 11/14/2017 via BusinessWire

L&T Infotech, will acquire Syncordis SA

synopsis: Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions Company, announced it has signed definitive agreements to acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: Syncordis SA
Syncordis SA provides business and IT consultancy focused exclusively on the Temenos digital Suites. Their implementation, helpdesk, monitoring and application support services help clients reduce risks, increase efficiency and enhance quality of their banking system.
price ($mm)
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closed 2/14/2019 via BusinessWire

Accenture, acquired Orbium

synopsis: Accenture, a global professional services company, has completed the acquisition of Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland.
buyer: Accenture (ACN:$47,949.38)
Accenture is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology & operations. Accenture works at the intersection of business and technology to help clients improve their performance & create value for their stakeholders. "
target: Orbium
Orbium is the largest services provider for the Avaloq Banking Suite — a leader in digital and core banking software for the banking and wealth management industry, used by more than 150 banks and wealth managers worldwide.
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closed 5/4/2016 via Company Press Release

adesso AG, acquired Smarthouse Media GmbH

synopsis: Smarthouse Media GmbH, a leading full-service provider of online financial applications based in Karlsruhe, has been sold by Axel Springer Digital Ventures to adesso AG. Smarthouse Media operates over 300 portals on the basis of its own product solutions and meets the IT security and compliance requirements of banks and stock exchange operators.
buyer: adesso AG (DB:ADN1:$641.29)
adesso AG is an independent IT service provider ensures the success of projects and prepares companies for the future by means of consultancy, software development and optimisation of operating costs. It is their mission to optimise core business processes by targeted implementation of modern IT. "
target parent: Axel Springer SE
target: Smarthouse Media GmbH
Smarthouse Media is a full service provider of online financial applications. They combinee expertise in consulting, creation and technology – supporting clients in provider and data management as well as the conception, design, development, refinement and hosting of innovative online solutions.
price ($mm)
$27
rev ($mm)
$18
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
announced 4/10/2020 via Company Press Release

Cennox PLC, will acquire Cel Data Services

synopsis: Cennox, the global provider of optimization solutions for banks and associated support services, has agreed to acquire CEL Data Services SA, based in Brussels, a subsidiary of ING Belgium SA / NV. CEL Data Services offers ATM management services, such as cash processing and IT services to financial institutions and Belgian stores.
buyer: Cennox PLC
UK-based Cennox is a specialist international ATM services business. The company provides a range of sector specific services & project capability designed to help its banking clients, increase transaction levels, and reduce costs. "
target parent: ING Group NV
target: Cel Data Services
CEL Data Services is a Belgian Information and Communications Technology (ICT) services provider in the financial industry. The company offers ATM management services, such as cash processing and IT services to financial institutions and Belgian stores.
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closed 7/26/2018 via Company Press Release

Five Degrees, acquired Libra ehf

synopsis: Five Degrees , the Dutch Fintech in banking software, acquires Libra, a leading provider of core banking IT systems in the financial sector in Iceland. Libra adds value for prospects and customers of Five Degrees through its offering of core banking solutions in the field of securities and loans.
buyer: Five Degrees
Five Degrees is a banking technology company. Five Degrees supports financials in their digital transformation with its next-generation digital banking platform. Matrix, their next generation digital banking platform, empowers financial institutions to enter the era of modern digital banking. "
target: Libra ehf
Libra is a leader in creating software for the Icelandic financial industry which employs over 40 people in Iceland. Libra has been developing software solutions with a strong focus on loans and securities trading for nearly two decades.
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closed 3/21/2014 via Company Press Release

Equiniti Limited, acquired Pancredit Systems Limited

synopsis: Equiniti, a leading business services outsourcing provider, announces the acquisition of Pancredit Systems Limited (Pancredit). Pancredit is an innovative and fast-growing lending software business which supports banks, intermediaries and price comparison sites with intelligent loan administration and origination services.
buyer: Equiniti Limited (LSE:EQN:$669.57)
Equiniti is a strategic partner to leading businesses, delivering complete commercial solutions in share registration, employee benefits, investment services and outsourced specialist tasks. "
target: Pancredit Systems Limited
Pancredit was founded in 1988 to develop market leading applications for the finance industry. The company employs highly experienced staff most of whom have extensive knowledge of both the finance industry and the technologies required to deliver effective, modern software solutions.
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closed 8/8/2016 via BNC Analysis

Capital Square Partners, acquired Indecomm Global Services

synopsis: Singapore-based private equity firm Capital Square Partners has acquired close to 55% stake in Indecomm Global Services, a technology-enabled services and outsourcing company serving clients in mortgage, healthcare and banking sectors globally.
buyer: Capital Square Partners
Capital Square Partners is an investment holding company, and acts as principal investors to invest their own capital in businesses they believe in, which operate in markets they understand in depth, and are either already segment leaders or can achieve leadership. "
target: Indecomm Global Services
Indecomm Global Services offers consulting, outsourcing, learning, and technology solutions Its title and settlement services platform-based solutions include title search and typing through iTitleHub™, post-closing through Dynamic Doc Hub™, and eRecording through InteleDoc Direct™ .
price ($mm)
$90*
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closed 8/18/2011 via PR Newswire

Cognizant Technology Solutions, acquired CoreLogic Global Services Private Limited

synopsis: CoreLogic, a provider of information, analytics and business services, announced the closing of the sale of CoreLogic Global Services Private Limited (CoreLogic India) to Cognizant. CoreLogic India provides capabilities in software product development, analytical modeling, domain-centric back-office services, and technology support.
buyer: Cognizant Technology Solutions (CTSH:$16,752.00)
Cognizant Technology Solutions is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. "
target parent: CoreLogic, Inc.
target: CoreLogic Global Services Private Limited
CoreLogic India provides capabilities in software product development, analytical modeling, domain-centric back-office services, and technology support to CoreLogic and its customers, primarily in the U.S. mortgage and real estate markets.
price ($mm)
$50
rev ($mm)
EBITDA ($mm)
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closed 8/26/2019 via PR Web

NXTsoft, acquired CCMC Inc.

synopsis: NXTsoft, a company focused on secure data-centric solutions to the market space has acquired CCMC, Inc. based in Orlando, Fla., the market leader in providing focused data integration and connectivity solutions to financial institutions nationwide.
buyer: NXTsoft
NXTsoft builds and grows companies using management’s core strengths in sales and marketing, software development, business scaling, and capital access. The company’s focus is concentrated in risk management, which includes cybersecurity, compliance and risk analytics. "
target: CCMC Inc.
CCMC, Inc. established in 1994, is a professional services and software firm specializing in providing value-added solutions and services to the financial services industry. Their services focus on the integration of disparate systems, as well as data and workflow optimization.
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closed 12/14/2005 via PR Newswire

Oracle Corporation, acquired i-Flex Solutions Limited

synopsis: Oracle today announced that it has completed its acquisition of Citigroup's interest in India's largest applications software company, i-flex solutions. Oracle now owns approximately 43 percent of the outstanding shares of i-flex. Charles Phillips, Oracle President, has joined the i-flex board of directors.
buyer: Oracle Corporation (ORCL:$39,766.00)
Oracle is the world's largest enterprise software company. The company is a leading provider of systems software, including database management, application development, and application server software. "
target: i-Flex Solutions Limited
price ($mm)[EV]
$1,142 [$1,294]
rev ($mm)
$262
EBITDA ($mm)
$69
EV / rev
4.9x
EV / EBITDA
18.7x
closed 11/30/2015 via BusinessWire

FIS, acquired SunGard Data Systems Inc.

synopsis: FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the closing of its acquisition of SunGard, one of the world's leading financial software and technology services companies.
buyer parent: Fidelity National Financial
buyer: FIS (FIS:$9,241.00)
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk & compliance, consulting and outsourcing solutions. FIS serves more than 20,000 clients in over 130 countries. "
target: SunGard Data Systems Inc.
SunGard is one of the world's leading financial software companies, with annual revenue of $2.8 billion. They provide solutions for financial services, the public sector and education.
price ($mm)[EV]
$4,959 [$9,100]
rev ($mm)
$2,841
EBITDA ($mm)
$588
EV / rev
3.2x
EV / EBITDA
15.5x
closed 2/15/2006 via BusinessWire

Capco, acquired FundClear Solutions LLP

synopsis: Capco, the global provider of integrated transformation consulting, business process outsourcing and reference data services for the financial services industry, today formally announced its acquisition of managed services company, FundClear Solutions LLP.
buyer parent: Symphony Technology Group
buyer: Capco
Capco is a leading global provider of integrated transformation services and solutions designed specifically for the financial services industry. "
target: FundClear Solutions LLP
FundClear has been working with Capco for some time to develop and validate its suite of services that offer hedge funds both an institutional quality operational infrastructure and real-time applications as a managed service.
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closed 2/28/2003 via PR Newswire

LineData Services, purchased portfolio solutions assets targeted at the European market from Thomson Financial

synopsis: Linedata Services, a global leader in Financial IT services, announced that it has purchased the portfolio solutions assets targeted at the European market of Thomson Financial, an operating unit of The Thomson Corporation and leading provider of information and technology solutions to the worldwide financial community.
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata Services is a major international provider of financial IT solutions that specializes in Asset Management, Savings and Insurance and Leasing and Credit Finance. As a sand services provider, and solution integrator, Linedata Services offers global solutions that are tailored to the world of "
seller parent: Thomson Reuters
seller: Thomson Financial
Thomson Financial, an operating unit of The Thomson Corporation, is a leading provider of information and technology solutions to the worldwide financial community. Today, Thomson Financial comprises four business units, each designed to serve our principal target markets.
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announced 11/14/2017 via BusinessWire

L&T Infotech, will acquire Syncordis SA

synopsis: Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions Company, announced it has signed definitive agreements to acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: Syncordis SA
Syncordis SA provides business and IT consultancy focused exclusively on the Temenos digital Suites. Their implementation, helpdesk, monitoring and application support services help clients reduce risks, increase efficiency and enhance quality of their banking system.
price ($mm)
rev ($mm)
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announced 6/16/2021 via BNC Analysis

L&T Infotech, will acquire Cuelogic Technologies Pvt. Ltd.

synopsis: Larsen & Toubro Infotech Ltd (LTI) has signed a definitive agreement to acquire Pune-based Cuelogic Technologies, a digital engineering and outsourced product development company. Founded in 2010, Cuelogic has capabilities in digital engineering, and primarily focuses on developing cloud native web and mobile applications.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is an India-based global technology consulting and digital solutions company helping over 360 clients succeed in a converging world. The company accelerates clients digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, Internet of Things, and cloud journeys."
target: Cuelogic Technologies Pvt. Ltd.
Pune-based Cuelogic Technologies is a digital engineering and outsourced product development company. Founded in 2010, Cuelogic has capabilities in digital engineering, and primarily focuses on developing cloud native web and mobile applications.
price ($mm)
$8.40
rev ($mm)
$6
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
announced 10/17/2019 via BusinessWire

L&T Infotech, will acquire Powerupcloud Technologies Pvt. Ltd.

synopsis: Mumbai-based Larsen & Toubro Infotech, a global technology consulting and digital solutions company, will acquire Powerupcloud Technologies Pvt. Ltd., a fast-growing cloud consulting company headquartered in Bengaluru. Powerup brings a strong team of cloud consulting, artificial intelligence, and data analytics professionals to LTI.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is an India-based global technology consulting and digital solutions company helping over 360 clients succeed in a converging world. The company accelerates clients digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, Internet of Things, and cloud journeys."
target: Powerupcloud Technologies Pvt. Ltd.
Powerup is an India based company that helps businesses move to the cloud. Their consulting team helps implement, migrate, and optimize cloud applications for global corporations. They also help build Big Data analytics platforms that allow enterprises to extract more value from their environment.
price ($mm)
$15
rev ($mm)
$4
EBITDA ($mm)
EV / rev
4.3x
EV / EBITDA
announced 7/17/2019 via BusinessWire

L&T Infotech, will acquire Lymbyc

synopsis: India-based Larsen & Toubro Infotech Ltd. will acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company. Headquartered in India, Lymbyc’s product Leni provides solutions for descriptive and predictive business insights, leverages deep learning, Natural Language Processing, data visualization, and predictive analytics.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is an India-based global technology consulting and digital solutions company helping over 300 clients succeed in a converging world. The company accelerates clients digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, Internet of Things, and cloud journeys."
target: Lymbyc
India-based Lymbyc's robust analytical product melds advanced technology, data science, and insights foundations to empower business leaders. Lymbyc offers a virtual analyst, creating a platform to extend the insights domain beyond tools for analysts, to approximate the human analyst themselves.
price ($mm)
$5.51
rev ($mm)
$1
EBITDA ($mm)
EV / rev
5.4x
EV / EBITDA
announced 2/14/2019 via BusinessWire

L&T Infotech, will acquire NIELSEN+PARTNER

synopsis: Larsen & Toubro Infotech Ltd. ("LTI"), a global technology consulting and digital solutions company, has signed a definitive agreement to acquire NIELSEN+PARTNER (N+P), an IT consulting company specializing in implementation, customization and operation of Temenos WealthSuite, and software engineering in Germany.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: NIELSEN+PARTNER
NIELSEN+PARTNER is an IT consulting company specializing in implementation, customization and operation of Temenos WealthSuite, and software engineering in Germany. N+P takes pride in providing exemplary service to customers and partnering in their transformations.
price ($mm)
$32
rev ($mm)
$11
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
closed 1/17/2019 via BusinessWire

L&T Infotech, acquired Ruletronics

synopsis: Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions company, has acquired Ruletronics, a pure-play Pega® consulting and implementation company with offices in the UK, USA, and India.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: Ruletronics
Founded in 2012, Ruletronics is an established global IT solutions and consulting company who provide innovative, strategic, cost effective end-to-end Business Process Management (BPM) and Customer Relationship Management (CRM) solutions by Leveraging Pega Platform. They are based in the UK.
price ($mm)
$7.48
rev ($mm)
$3
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
announced 11/14/2017 via BusinessWire

L&T Infotech, will acquire Syncordis SA

synopsis: Larsen & Toubro Infotech Ltd., a global technology consulting and digital solutions Company, announced it has signed definitive agreements to acquire Luxembourg based Syncordis S.A., a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
LTI is a global technology consulting and digital solutions company helping more than 250 clients succeed in a converging world. They go the extra mile for clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys."
target: Syncordis SA
Syncordis SA provides business and IT consultancy focused exclusively on the Temenos digital Suites. Their implementation, helpdesk, monitoring and application support services help clients reduce risks, increase efficiency and enhance quality of their banking system.
price ($mm)
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announced 10/25/2016 via BusinessWire

L&T Infotech, will acquire AugmentIQ Data Sciences Pvt. Ltd.

synopsis: Global IT services and solutions provider L&T Infotech announced that it will acquire Pune based AugmentIQ Data Sciences Pvt. Ltd., an innovative start-up offering IP-based, big data and analytics solutions that help enterprises derive business benefits from big data. LTI will gain access to MAXIQ, the big data platform developed by AugmentIQ.
buyer parent: Larsen & Toubro
buyer: L&T Infotech (:$1,414.16)
Larsen & Toubro Infotech or LTI is a global IT services and solutions provider with presence in 22 countries. They solve complex business challenges at the convergence of digital and physical with real-world expertise and client centricity. "
target: AugmentIQ Data Sciences Pvt. Ltd.
AugmentIQ Data Sciences offers end-to-end Big Data Solutions that enable businesses unleash the power of their information assets irrespective of their type, scale and source. Their flagship product- The MAXIQ platform- makes it simple for any enterprise to process data and information.
price ($mm)
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closed 5/19/2021 via Company Press Release

iON United, acquired WireFire

synopsis: iON United Inc., a Canadian cybersecurity company, has acquired Wirefire Solutions Inc., a full-service cybersecurity firm headquartered in British Columbia. Merging the two companies sets a new milestone for cybersecurity in Canada to further protect the many organizations that embraced virtual services during the global pandemic.
buyer: iON United
Founded in 2003, iON United Inc. is one of Canada’s most reputable cybersecurity firms. iON invests in world-class platforms to deliver best-in-class Cloud, IT, Industrial Control System / SCADA Security, and IoT security solutions for leading enterprise organizations. "
target: WireFire
WireFire is a technology consulting firm based in Canada. The company designs and builds enterprise secure network solutions that extend from industrial environments to the boardroom, from head office to remote sites, from IoT devices and mobile users to datacenters and into the cloud.
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announced 5/5/2021 via BNC Analysis

Accenture, will acquire AppsPro

synopsis: Accenture, a global professional services company, will acquire AppsPro, a leading IT company in Saudi Arabia. AppsPro harnesses the power of Oracle applications and technologies to help their clients adapt to the digital world. They offer solutions for robotics, IoT, blockchain, VR, and more.
buyer: Accenture (ACN:$47,949.38)
Accenture is a global professional services company with leading capabilities in digital, cloud, and security. Accenture offers Strategy and Consulting, Interactive, Technology, and Operations services powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. "
target: AppsPro
AppsPro is a leading information technology company and platinum Oracle partner in Saudi Arabia. AppsPro harnesses the power of Oracle applications and technologies to help their clients adapt to the digital world. They offer solutions for robotics, IoT, blockchain, VR, and more.
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closed 1/20/2021 via GlobeNewswire

Bureau Veritas, acquired Secura

synopsis: Bureau Veritas, a world leader in testing, inspection and certification, announced that it has completed the acquisition of Secura B.V., an independent service company specializing in cybersecurity services.
buyer: Bureau Veritas (:$5,866.70)
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 75,000 employees located in more than 1,500 offices and laboratories around the globe. "
target: Secura
Secura is an independent cybersecurity expert. Secura provides insights to protect valuable assets and data. They make cybersecurity tangible and measurable in the field of IT, OT and IoT.
price ($mm)
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 1/7/2021 via BNC Analysis

Sapphire Systems Inc., acquired ITOM Solution

synopsis: Sapphire Systems, a leading provider of enterprise software applications and digital operating technology, has acquired ITOM Solution, a leading UK-based ServiceNow specialist partner. ITOM Solution is a fast-growth and innovative provider of IT Operations Management, AiOps, Application Performance Management, and IoT cloud services.
buyer parent: Horizon Capital LLP
buyer: Sapphire Systems Inc.
Sapphire Systems is a leading provider of enterprise software applications and digital operating technology. Established in 1993, Sapphire Systems has developed a reputation as a leading global provider of Enterprise Resource Planning (ERP) and financial management solutions (FMS). "
target: ITOM Solution
ITOM Solution is a leading UK-based ServiceNow specialist partner. ITOM Solution is a fast-growth and innovative provider of IT Operations Management, AiOps, Application Performance Management, and IoT cloud services. The company is a leading partner of ServiceNow, Cisco AppDynamics and Dynatrace.
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closed 11/18/2020 via BusinessWire

Ascent Software, acquired Mango Solutions Ltd

synopsis: Ascent, a UK software strategy and development firm, has acquired award-winning Mango Solutions, one of the UK’s largest data science consulting firms. The acquisition allows Ascent to obtain a bigger slice of the fast-growing market for data science, advanced analytics, data engineering, and IoT (Internet of Things) solutions.
buyer parent: Horizon Capital LLP
buyer: Ascent Software
Ascent is a European software strategy and development company headquartered in the UK. Ascent employs over 275 experts across 14 countries, specialising in software product development, business intelligence, advanced analytics, data science, and IoT (Internet of Things) solutions for customers. "
target: Mango Solutions Ltd
UK-based Mango Solutions empowers organisations to make informed decisions through data science and advanced analytics. Mango also offers a comprehensive range of training and upskilling programmes for all user levels to help organisations build a successful data science capability internally.
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announced 9/23/2020 via Company Press Release

Avanade Inc., will acquire AZEO, SAS

synopsis: Avanade will acquire Azeo, a provider of Microsoft and IoT services in France. Azeo’s 250 employees, with deep Microsoft expertise across modern workplace, data and AI, cloud and IoT solutions, will join Avanade to offer clients in France a wide portfolio of tailored, end-to-end, Microsoft-based business transformation solutions.
buyer parent: Accenture
buyer: Avanade Inc.
Avanade is a provider of innovative digital and cloud services, business solutions, and design-led experiences on the Microsoft ecosystem. Avanade powers the Accenture Microsoft Business Group, helping companies to engage customers, empower employees, optimize operations, and transform products. "
target: AZEO, SAS
AZEO is a provider of Microsoft and IoT (the Internet of Things) services in France. AZEO is a major player and influencer in the Microsoft ecosystem, capable of intervening on the largest projects while remaining agile and a pioneer in adapting services to the era of digital transformation.
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closed 9/2/2020 via BNC Analysis

Magnesium Capital LLP, acquired Embriq AS

synopsis: Rejlers AB has divested 100% of the shares in Embriq AS to funds advised by Magnesium Capital LLP. Rejlers have decided to focus on its core Engineering consulting operations in Sweden, Norway and Finland. Embriq is a recognized and leading provider of industrial IoT technology, software and IT services.
buyer: Magnesium Capital LLP
Magnesium Capital is a growth-oriented private equity firm based in London that focuses on investing in fast-growing technology and tech-led businesses that are transforming the way we produce, distribute and consume energy & resources. "
target parent: Rejlers AB
target: Embriq AS
Embriq is a recognized and leading provider of industrial IoT technology, software and IT services. They deliver solutions that help data-driven businesses optimize their competitiveness. With over 175 employees, the company serves more than 200 customers in the Nordic region.
price ($mm)
$44
rev ($mm)
$44
EBITDA ($mm)
EV / rev
1.0x
EV / EBITDA
closed 10/13/2020 via GlobeNewswire

Atos SE, acquired digital.security

synopsis: Atos, a global leader in digital transformation, has acquired digital.security, a subsidiary of Econocom group and a leading independent player in cybersecurity in France and BeLux. With this acquisition, Atos strengthens its global cybersecurity services and consolidates its leading position in the market.
buyer: Atos SE (ENXTPA:ATO:$13,230.39)
Atos is a global leader in digital transformation with 110,000 employees in 73 countries. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. "
target parent: Econocom
target: digital.security
digital.security is a leading independent player in cybersecurity in France and BeLux. digital.security aims to offer companies and government organisations advanced audit and consulting services and a CERT™ dedicated to the IoT ecosystem.
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closed 7/1/2020 via Company Press Release

HeleCloud, acquired Datastork Ltd.

synopsis: UK-based HeleCloud has acquired DataStork, a Bulgarian Cloud Software Engineering and AI/Machine Learning services company. The acquisition of DataStork allows HeleCloud to empower the Cloud revolution by providing the skills, know-how, tools, and operational capabilities for enterprises and midmarket organisations on the AWS platform.
buyer: HeleCloud
UK-based HeleCloud is an Amazon Web Services (AWS) Premier Consulting Partner of the AWS Partner Network, helping enterprises of all sizes establish Cloud vision and execute Cloud strategies through their industry-leading Cloud Roadmap methodology. "
target: Datastork Ltd.
Bulgaria-based DataStork solves complex Cloud, SaaS, and BigData problems through software development and consultancy. DataStork has developed a wide range of technical capabilities covering microservices, IoT and Serverless, DevOps, BigData, backend systems, frontend applications, and search.
price ($mm)
rev ($mm)
$1
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 6/30/2020 via BNC Analysis

Aspire Systems, acquired RapidValue

synopsis: Aspire Systems, a global information technology services company announced that it has acquired a majority stake in RapidValue Solutions, a digital product engineering services and solutions. RapidValue was founded in 2009 and is fast emerging as a global leader in digital transformation for enterprises.
buyer: Aspire Systems
Aspire Systems is a global technology services firm serving as a trusted technology partner for their customers. Their services include Product Engineering, Enterprise Solutions, Independent Testing Services and IT Infrastructure Support services. "
target: RapidValue
RapidValue was founded in 2009 and is fast emerging as a global leader in digital transformation for enterprises. They provide end-to-end services and solutions in mobility, omni-channel, IoT and cloud technology.
price ($mm)
rev ($mm)
$10
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 4/7/2020 via BusinessWire

GlobalLogic, Inc., acquired Meelogic Consulting AG

synopsis: GlobalLogic Inc., a leader in Digital Product Engineering, announced that it has completed the acquisition of Meelogic Consulting AG, a Germany-based software engineering services firm with deep expertise in Healthcare, Automotive, and other key industries undergoing significant digital transformation.
buyer: GlobalLogic, Inc.
GlobalLogic is a full-lifecycle product development services leader that combines deep domain expertise and cross-industry experience to connect makers with markets globally. GlobalLogic collaborates with clients to show them how strategic research and development can become a tool for their future."
target: Meelogic Consulting AG
Meelogic Consulting AG develops IT solutions for a mobile and interconnected world on the basis of an in depth understanding of technologies and markets in the digital age. Meelogic is an Internet-of-Things specialist that combines an agile start-up culture with years of consulting experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/2/2020 via Company Press Release

Pythian, acquired Agosto

synopsis: Two innovative cloud solution providers are merging in a deal that will create a consolidated powerhouse in the Google Cloud channel. Pythian, a multi-cloud data analytics specialist owned by a private equity firm, said Thursday it has purchased Agosto, a Google Cloud reseller and specialist in IoT and other cutting-edge services.
buyer parent: Mill Point Capital
buyer: Pythian
Ottawa-based Pythian is a global IT services company that helps companies by enabling their clients to turn data into valuable insights, predictions, and products. From cloud automation to machine learning, Pythian designs, implements, and supports customized solutions for difficult data challenges."
target: Agosto
Founded in 2001, Agosto is a Google Premier Partner and cloud product development company collaborating with organizations looking for a fresh perspective to work smarter with Google Cloud & apply advanced technology services to their business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2020 via BNC Analysis

StoneAge, Inc., acquired Breadware

synopsis: StoneAge, Inc., a manufacturer of high-pressure waterblast tools and automated equipment for industrial cleaning applications, has acquired Breadware, Inc., an industrial Internet of Things (IoT) product development company. With the acquisition, StoneAge aims to be the world’s leading provider of industrial cleaning robotics and automated systems.
buyer: StoneAge, Inc.
StoneAge manufactures high-pressure waterblast tools and automated equipment for industrial cleaning applications. The company leads the way with tools that advance productivity and hands-free automated equipment that ensures clients complete their waterblasting jobs safely, easily, and on time. "
target: Breadware
Breadware is an industrial Internet of Things (IoT) consultancy firm that helps businesses to plan, build, and launch IoT initiatives. Breadware’s team has a strong reputation as an IoT solution provider in multiple sectors for companies like Target, Gates Corporation, and Caesars Entertainment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2020 via Company Press Release

KPMG Canada, purchased ServiceNow from WireFire

synopsis: KPMG in Canada, a company that provides Audit, Tax, and Advisory services, has acquired Wirefire's ServiceNow Practice. ServiceNow software helps companies automate tasks, activities, and processes into cloud-based self-service models to deliver a better overall experience to employees and customers.
buyer parent: KPMG International
buyer: KPMG Canada
KPMG Canada is the Canadian member firm of KPMG International that provides Audit, Tax, and Advisory services to many of the public and private business, not-for profit, and public sector organizations in Canada. "
seller: WireFire
Based in Canada, WireFire is a technology consulting firm. ServiceNow software helps companies automate tasks, activities, and processes into cloud-based self-service models to deliver a better overall experience to employees and customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/19/2020 via BusinessWire

Accenture, acquired VanBerlo

synopsis: Accenture has acquired award-winning product design and innovation agency VanBerlo, headquartered in Eindhoven, Netherlands. VanBerlo has deep experience in innovation and product strategy; product, software and user experience design; and prototyping, with a focus on sustainable solutions.
buyer: Accenture (ACN:$47,949.38)
Accenture is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology & operations. Accenture works at the intersection of business and technology to help clients improve their performance & create value for their stakeholders. "
target: VanBerlo
VanBerlo is an award-winning product design and innovation agency headquartered in Eindhoven, Netherlands. The agency’s smart connected solutions combine physical objects with digital services, using technologies like internet of things sensors, artificial intelligence and data analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2019 via PR Newswire

Converge Technology Solutions, acquired Datatrend Technologies, Inc.

synopsis: Converge Technology Solutions Corp., a Canadian IT solutions provider, has acquired Datatrend Technologies, Inc., a leading technology solutions provider. Datatrend provides planning, design, integration and project management for data centers, cloud environments, cabling and wireless solutions for multi-site rollouts and the Internet of Things.
buyer: Converge Technology Solutions (TSXV:CTS:$821.65)
Headquartered in Canada, Converge combines innovation accelerators and foundational infrastructure solutions to deliver the best solutions and services to customers. They are building a platform to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services. "
target: Datatrend Technologies, Inc.
Datatrend is a leading technology solutions provider. Datatrend provides planning, design, implementation, integration and project management for next generation data centers, cloud environments, cabling and wireless solutions for multi-site rollouts and the Internet of Things.
price ($mm)
$18
rev ($mm)
$84
EBITDA ($mm)
$3
EV / rev
0.2x
EV / EBITDA
5.6x
closed 10/2/2019 via PR Newswire

Alithya, acquired Matricis Informatique Inc.

synopsis: Alithya, a leader in digital strategy and transformation, has acquired Matricis, a company that specializes in developing solutions that enable businesses to accelerate digital transformation through the leveraging of data. The company has developed specialties in the healthcare, industrial, and financial sectors.
buyer: Alithya (TSX:ALYA:$203.78)
Alithya is a leader in digital strategy and transformation in North America. Alithya's integrated offering is based on four pillars of expertise: business strategy, application services, enterprise solutions, and data and analytics. "
target: Matricis Informatique Inc.
Matricis specializes in developing solutions that enable businesses to accelerate digital transformation through the leveraging of data. Matricis designs advanced applications and systems using techniques derived from the Internet of Things, Artificial Intelligence, and operational intelligence.
price ($mm)
$5.41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/25/2019 via Company Press Release

Sysco AS, will acquire Upsys AB

synopsis: SYSCO, a Norwegian technology company driving the digitization process in the Nordic region, will acquire UPSYS, a Swedish high-tech IT consulting company focusing on Big Data, IoT, and related hi-tech areas. The acquisition expands SYSCO areas of expertise and provides better access to the Swedish market.
buyer parent: Credo Partners AS
buyer: Sysco AS
SYSCO is a leading Norwegian company in Oracle technology. The company aims to be a key driver for the digitization process in the Nordic region and is a leading partner for the entire energy sector. SYSCO is the Nordic partner for Microsoft and Oracle's collaboration of cloud services. "
target: Upsys AB
Sweden-based UPSYS is a high-tech IT consulting company specializing in building high performance, robust systems with extreme performance and scalability. UPSYS focuses on Big Data, the Internet of Things, and related hi-tech areas such as AI, Machine Learning, Cloud, and embedded systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/25/2019 via Company Press Release

Avanade Inc., will acquire Alnamic AG

synopsis: Avanade, the leading digital innovator on the Microsoft ecosystem, will acquire Alnamic AG, a recognized leader in industry specific solutions based on Microsoft Dynamics 365 and AX in Germany. Alnamic specialises in Microsoft technology solutions in the manufacturing, IoT, wholesale and distribution sectors.
buyer parent: Accenture
buyer: Avanade Inc.
Avanade is a provider of innovative digital and cloud services, business solutions, and design-led experiences on the Microsoft ecosystem. Avanade powers the Accenture Microsoft Business Group, helping companies to engage customers, empower employees, optimize operations, and transform products. "
target: Alnamic AG
Alnamic AG implements enterprise solutions based on Microsoft Dynamics 365 for Finance and Operations/Dynamics AX. The portfolio is supplemented by modern Internet of Things (IoT) and Industry 4.0 solutions based on Microsoft Azure and e-ControlNet.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/29/2019 via Company Press Release

Top Global Limited, will acquire I Industries Pte. Ltd.

synopsis: Top Global Limited, an Asian lifestyle real estate group, will acquire a 75% stake in I Industries Pte. Ltd. (IIPL), a company in Singapore that is engaged in the business of information technology consultancy and sale of machinery and equipment. IIPL specializes in the areas of Artificial Intelligence, Miniaturisation, and Internet of Things.
buyer: Top Global Limited
Top Global Limited (TGL) is an Asian lifestyle real estate group. TGL aims to become a leading lifestyle developer in the region. The group has been involved with numerous Singapore and Indonesia property developments which include residential, township, and industrial projects. "
target: I Industries Pte. Ltd.
I Industries Pte. Ltd. (IIPL) is a company in Singapore that is engaged in the business of information technology consultancy and sale of machinery and equipment. IIPL specializes in the areas of Artificial Intelligence (AI), Miniaturisation, and Internet of Things (IOT).
price ($mm)
$0.68*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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