Like Sureline

closed 5/20/2021 via Company Press Release

Persistent, acquired Sureline

synopsis: India-based Persistent has announced the acquisition of assets and a highly specialized team of cloud experts from Sureline Systems, an innovative leader in enterprise-class cloud migration and disaster recovery solutions. The acquisition will bolster Persistent's cloud transformation offerings and solutions and reduce cloud migration costs.
buyer: Persistent (BSE:533179:$552.65)
Based in India, Persistent is a trusted Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help their clients anticipate what’s next and answer questions before they’re asked. "
target: Sureline
Sureline enables business agility and productivity, and with cloud migration and disaster recovery of any virtual, physical, or containerized application or server at the push of a button. Sureline’s SUREedge software solutions deliver application mobility that is secure, reliable and efficient.
price ($mm)
$2.50
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closed 5/27/2020 via GlobeNewswire

RudderStack, acquired Blendo

synopsis: RudderStack has acquired Blendo, a new breed of integration-as-a-service platforms that enables companies to extract a multiple of data (sales, marketing, product, customer support, etc) from different cloud services, integrate it and load it into their own cloud-based data warehouses for analysis.
buyer: RudderStack
RudderStack helps enterprises capture more value from their customer data, with the first open source alternative to traditional Customer Data Platforms like Segment. "
target: Blendo
Blendo is a new breed of integration-as-a-service platforms that enables companies to extract a multiple of data (sales, marketing, product, customer support, etc) from different cloud services, integrate it and load it into their own cloud-based data warehouses for analysis.
price ($mm)
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announced 2/20/2019 via Company Press Release

Google, will acquire Alooma

synopsis: Google announced its intent to acquire Alooma, a leader in data migration. Alooma helps enterprise companies streamline database migration in the cloud with an innovative data pipeline tool that enables them to move their data from multiple sources to a single data warehouse.
buyer: Google (GOOGL:$257,637.00)
Google is a multinational corporation that is specialized in internet-related services and products. Google offers innovative search technologies that connect millions of people with information every day. Google is a top web property in all major global markets. "
target: Alooma
Alooma helps enterprise companies streamline database migration in the cloud with an innovative data pipeline tool that enables them to move their data from multiple sources to a single data warehouse.
price ($mm)
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closed 1/29/2019 via GlobeNewswire

Mimecast Services Limited, acquired SimplyMigrate

synopsis: Mimecast Limited, a leading email and data security company, today announced it has acquired Simply Migrate Ltd., an innovative provider of archive data migration technology.
buyer: Mimecast Services Limited (MIME:$553.31)
Mimecast makes business email and data safer for thousands of customers and their millions of employees worldwide. Founded in 2003, the company's next-generation cloud-based security, archiving and continuity services protect email and deliver comprehensive email risk management. "
target: SimplyMigrate
Simply Migrate is an innovative provider of archive data migration technology that brings simplicity to the migration of data from multiple sources to multiple targets.
price ($mm)
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closed 7/18/2018 via Company Press Release

Epiq Systems, Inc., acquired Controle

synopsis: Epiq, a global leader in the legal services industry, announced that it acquired a majority interest in Controle, LLC, a leader in information governance services and solutions. Controle is singularly focused on Information Governance of Electronically Stored Information (ESI).
buyer: Epiq Systems, Inc. (EPIQ:$529.71)
Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. "
target: Controle
Controle is singularly focused on Information Governance of Electronically Stored Information. Their mission is to help people Take Controle of their ESI. They do this by helping people build an ESI framework that includes eDiscovery, Archiving, Data Classification and Defensible Deletion of data.
price ($mm)
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closed 8/21/2019 via BusinessWire

Syncsort Incorporated, acquired SQData

synopsis: Syncsort, the global leader in Big Iron to Big Data software, announced it has acquired SQData, a high performance, multi-purpose data integration solution used to replicate, migrate, transform and integrate corporate information. They are based in Texas.
buyer parent: Centerbridge Capital Partners
buyer: Syncsort Incorporated
Syncsort is a trusted enterprise software provider and the global leader in Big Iron to Big Data solutions. More than 6,000 organizations, including 84 of the Fortune 100, use the company’s products to solve their most complex data management challenges, on premise and in the cloud. "
target: SQData
SQData is a high performance, multi-purpose data integration solution used to replicate, migrate, transform and integrate corporate information. They are based in Texas.
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closed 5/4/2021 via GlobeNewswire

Anaqua Inc., acquired SeeUnity, Inc.

synopsis: Anaqua, the leading innovation and intellectual property (IP) management technology provider, has acquired SeeUnity, a premium provider of API-based content integration and migration software products.
buyer parent: Astorg
buyer: Anaqua Inc.
Anaqua provides integrated, end-to-end innovation & intellectual property (IP) management solutions. Its solution suite merges best practice workflows with big data analytics & tech-enabled services to create one intelligent environment designed to inform, enable and streamline IP Operations. "
target: SeeUnity, Inc.
SeeUnity is the leading provider of API-based enterprise content integration and migration products with more than 500 customers globally. SeeUnity helps professionals securely synchronize and migrate data across on-premise or cloud-based ECM systems and external applications.
price ($mm)
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closed 4/21/2022 via Company Press Release

OVH Cloud, acquired ForePaaS

synopsis: OVHcloud, the European leader in cloud computing, has acquired ForePaaS, an end-to-end unified data platform. ForePaaS enables businesses to simplify and accelerate the implementation of machine learning and data analytics projects. Their cloud platform allows users to manage all their data cycles and bring their data-driven strategies to life.
buyer: OVH Cloud
OVH is a global, hyper-scale cloud provider that offers businesses industry-leading performance and value. Vertically integrated to own its network, server technology and green data centers, OVH operates more cost effectively and passes these benefits back to customers. "
target: ForePaaS
ForePaaS is an end-to-end unified data platform. ForePaaS enables businesses to simplify and accelerate the implementation of machine learning and data analytics projects. Their cloud-based platform allows users to manage all their data cycles and bring their data-driven strategies to life.
price ($mm)
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announced 2/28/2022 via Company Press Release

Software AG, will acquire StreamSets Inc.

synopsis: Germany-based Software AG will acquire StreamSets, a leader in data integration for the modern data stack. StreamSets’ enterprise-grade data integration platform enables customers to move data seamlessly and securely to and from any part of their digital backbone.
buyer: Software AG (XTRA:SOW:$905.56)
Germany-based Software AG is the software pioneer of a truly connected world. Software AG empowers connected enterprises using integration and APIs, Internet of Things and analytics, and business and IT transformation. "
target: StreamSets Inc.
StreamSets mission is to make data engineering teams wildly successful. The StreamSets DataOps Platform empowers engineers to build and run the smart data pipelines needed to power DataOps across hybrid and multi-cloud architectures.
price ($mm)
$590
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/24/2021 via BusinessWire

Mark Logic Corporation, acquired Smartlogic Semaphore Limited

synopsis: MarkLogic Corporation, a leader in complex data integration and portfolio company of Vector Capital, has acquired Smartlogic, a premier metadata management solutions provider and leader in semantic AI technology.
buyer parent: Vector Capital
buyer: Mark Logic Corporation
MarkLogic helps customers create value from complex data faster. Their platform ingests data from any source, creating and refining metadata to support powerful models. Customers use these models for deep search and query. "
target: Smartlogic Semaphore Limited
Smartlogic is a software and services company that specializes in adding semantic search capabilities to any system that requires it. The Smartlogic open semantic platform is called Semaphore.
price ($mm)
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EBITDA ($mm)
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closed 6/2/2021 via BNC Analysis

OwnBackup, acquired Nimmetry Inc.

synopsis: OwnBackup announces the acquisition of Nimmetry, based in Santa Clara, CA, with a significant presence in Hyderabad, India. Nimmetry provides a unified platform for seamless integration of big and small SaaS-based data using a microservices architecture.
buyer: OwnBackup
OwnBackup believes that no company operating on the cloud should ever lose data. With comprehensive backup, visual compare, and fast recovery capabilities, they have helped hundreds of organizations through data loss and corruption crises. "
target: Nimmetry Inc.
Nimmetry provides a unified platform for seamless integration of big and small SaaS-based data using a microservices architecture. Nimmetry enables information model aware data extraction from premier cloud systems so users spend less time organizing and more time deriving insights from analysis.
price ($mm)
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announced 2/19/2021 via Company Press Release

CrowdStrike, will acquire Humio

synopsis: CrowdStrike, a leader in cloud-delivered endpoint and cloud workload protection, announced it has agreed to acquire Humio, a leading provider of high-performance cloud log management and observability technology.
buyer: CrowdStrike (CRWD:$1,137.92)
CrowdStrike provides cloud-delivered endpoint and workload protection. Leveraging artificial intelligence (AI), the CrowdStrike Falcon platform protects customers against cyberattacks on endpoints and workloads on or off the network by offering visibility and protection across the enterprise. "
target: Humio
Humio is the creator of the Humio live observability platform that enables data aggregation, exploration, reporting and analysis from a range of sources. The purpose-built logging tool features innovative data storage and in-memory search/query engine technologies.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/22/2020 via GlobeNewswire

Qlik Technologies, Inc., acquired Blendr.io

synopsis: Qlik has acquired Belgium-based Blendr.io, a secure embedded integration and automation platform that automates data integration and orchestration of processes across 500+ SaaS applications and cloud data sources. Blendr.io expands Qlik’s ability to deliver Active Intelligence through its end-to-end data integration and cloud analytics platform.
buyer parent: Thoma Bravo, LLC
buyer: Qlik Technologies, Inc. (QLIK:$665.31)
Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. Qlik provides an end-to-end, real-time data integration and analytics cloud platform to close the gaps between data, insights and action. "
target: Blendr.io
Belgium-based Blendr.io, an easy-to-use, scalable, and secure embedded integration and automation platform (iPaaS) that seamlessly automates data integration and orchestration of processes across 500+ SaaS applications and cloud data sources.
price ($mm)
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closed 9/9/2020 via Company Press Release

3Cloud, acquired Pragmatic Works

synopsis: 3Cloud, a leading Microsoft Azure services firm, announced that it has acquired the consulting arm of Pragmatic Works, an award-winning services firm focused on Microsoft’s cloud and data platforms.
buyer: 3Cloud
3Cloud is a “born in the cloud” Gold-certified Microsoft Azure technology consulting firm and Azure Expert Managed Services Provider that provides cloud strategy, design, implementation, and managed services to clients across multiple industries. "
target parent: SentryOne
target: Pragmatic Works
Pragmatic Works is a software, consulting and training company that focuses on helping customers optimize their data lifecycle. They are experts on data management and performance, business intelligence, big data and cloud technologies.
price ($mm)
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announced 8/26/2020 via Company Press Release

AVEVA Group plc, will acquire OSIsoft

synopsis: UK-based AVEVA has reached an agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. The combination of AVEVA and OSIsoft will help customers in industrial and essential organizations accelerate their digital transformational strategies.
buyer parent: Schneider Electric SE
buyer: AVEVA Group plc (LSE:AVV:$1,119.63)
UK-based AVEVA is the world's leading engineering software provider to the plant, power, process, and marine industries, delivering integrated, best-in-class engineering design, construction, and information management solutions. "
target: OSIsoft
OSIsoft is a proven leader in enabling operational intelligence. The company delivers an open enterprise infrastructure, the PI System, to connect sensor-based data, systems, and people, providing real-time, actionable insights that empower companies to optimize and transform their business.
price ($mm)
$5,020
rev ($mm)
$489
EBITDA ($mm)
$160
EV / rev
10.3x
EV / EBITDA
31.3x
closed 9/25/2019 via PR Web

Xenon Partners, acquired Metricfire Limited

synopsis: Xenon Partners, a software-focused technology private equity firm, has acquired Metricfire, an Irish provider in time series data monitoring. Metricfire offers cloud monitoring at any scale. Their platform collects data at scale and provides responsive graphs and dashboards, allowing their clients to ensure their customers are happy.
buyer: Xenon Partners
Xenon Partners acquires and operates early and mid-stage technology companies, with a particular emphasis on B2B Software as a Service (SaaS) solutions. Xenon provides its portfolio companies with deep operational expertise in growth marketing, sales, design, product engineering, and more. "
target: Metricfire Limited
Metricfire is an Irish provider in time series data monitoring. Metricfire offers cloud monitoring at any scale. Their platform collects data at scale and provides responsive graphs and dashboards, allowing their clients to ensure their customers are happy.
price ($mm)
rev ($mm)
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closed 7/31/2019 via BNC Analysis

Cegedim SRH, acquired CosyTec

synopsis: Cegedim SRH, a French company that offers innovative HR outsourcing solutions and services with high added value, from payroll management to HR management, acquired CosyTec, a French Software company whose software solutions are used world-wide by Industry and Service leaders, especially in Production Scheduling, Logistics and Workforce Scheduling.
buyer parent: Cegedim
buyer: Cegedim SRH
Headquartered in France, Cegedim SRH offers innovative HR outsourcing solutions and services with high added value, from payroll management to HR management. Their TEAMSRH platform provides HR solutions tailored to the needs, context and size of its clients. "
target: CosyTec
Headquartered in France, CosyTec's software solutions are used world-wide by Industry and Service leaders, willing to implement highly efficient Business Process Optimization solutions, especially in the areas of Production Scheduling, Logistics / Supply Chain Management and Workforce Scheduling.
price ($mm)
rev ($mm)
$1
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/11/2019 via GlobeNewswire

Collibra, acquired SQLdep

synopsis: Belgium-based Collibra, a data intelligence company, has acquired SQLdep. Headquartered in Prague, SQLdep is a Software as a Service (SaaS) provider that automates the discovery and visualisation of technical data lineage and enables organisations to capture context around data, understand data quality, and support compliance initiatives.
buyer: Collibra
Belgium-based Collibra is the Data Intelligence company that accelerates business outcomes by connecting the right data, insights, and algorithms to all Data Citizens. Collibra's cloud-based platform connects IT and the business to build a data-driven culture for the digital enterprise. "
target: SQLdep
SQLdep is a Prague-based Software as a Service (SaaS) provider of automated data lineage. SQLdep automates the discovery and visualisation of technical data lineage and enables organisations to capture context around data, understand data quality, support compliance initiatives, and increase trust.
price ($mm)
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closed 5/6/2019 via BusinessWire

Qlik Technologies, Inc., acquired Attunity Ltd.

synopsis: Qlik, a leader in data analytics, and Attunity Ltd., a leading provider of data integration and big data management software solutions, announced its acquisition of Attunity has been completed.
buyer parent: Thoma Bravo, LLC
buyer: Qlik Technologies, Inc. (QLIK:$665.31)
Qlik’s vision is a data-literate world, one where everyone can use data to solve their most challenging problems. Companies use Qlik's platform to see more deeply into customer behavior, reinvent business processes, discover new revenue streams, and balance risk and reward. "
target: Attunity Ltd. (ATTUF:$86.25)
Attunity Ltd, is a leading provider of data integration and big data management software solutions that enable availability, delivery and management of data across heterogeneous enterprise platforms, organizations and the cloud.
price ($mm)[EV]
$550 [$506]
rev ($mm)
$86
EBITDA ($mm)
$9
EV / rev
6.0x
EV / EBITDA
56.9x
closed 1/17/2019 via PR Newswire

KnowledgeLake, acquired RatchetSoft LLC

synopsis: KnowledgeLake, a transactional content services company, announced the acquisition of RatchetSoft, a robotic process automation software and services company that enables organizations to automate computerized processes and integrate external data sources into existing desktop, browser-based, and more.
buyer parent: Ron Cameron
buyer: KnowledgeLake
KnowledgeLake is one of the most successful providers of software solutions and services for Microsoft SharePoint. Their browser-based document processing platform imports, processes, and routes high volumes of content to multiple line-of-business applications and repositories. "
target: RatchetSoft LLC
RatchetSoft is a U.S. based software company dedicated to creating RPA (Robotics Process Automation), software and solutions that dramatically increase user productivity and reduce data entry errors.
price ($mm)
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closed 5/20/2021 via Company Press Release

Persistent, acquired Sureline

synopsis: India-based Persistent has announced the acquisition of assets and a highly specialized team of cloud experts from Sureline Systems, an innovative leader in enterprise-class cloud migration and disaster recovery solutions. The acquisition will bolster Persistent's cloud transformation offerings and solutions and reduce cloud migration costs.
buyer: Persistent (BSE:533179:$552.65)
Based in India, Persistent is a trusted Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help their clients anticipate what’s next and answer questions before they’re asked. "
target: Sureline
Sureline enables business agility and productivity, and with cloud migration and disaster recovery of any virtual, physical, or containerized application or server at the push of a button. Sureline’s SUREedge software solutions deliver application mobility that is secure, reliable and efficient.
price ($mm)
$2.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/30/2022 via PR Newswire

Persistent, will acquire MediaAgility Inc.

synopsis: India-based Persistent Systems will acquire MediaAgility, a global cloud transformation services provider with deep expertise building scalable, cloud-based solutions as a Google Cloud Premier Partner. The acquisition will expand Persistent's ability to execute cloud-based digital transformation journeys for its global clients.
buyer: Persistent (BSE:533179:$552.65)
Persistent is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. Persistent combines deep technical expertise and industry experience to help their clients anticipate what’s next and answer questions before they’re asked. "
target: MediaAgility Inc.
MediaAgility is a cloud transformation services provider with deep expertise building scalable, cloud-based solutions as a Google Cloud Premier Partner. They provide cloud-native application development and modernization, analytics and AI, cloud engineering, and more to clients across the globe.
price ($mm)
$72
rev ($mm)
$26
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
announced 2/23/2022 via Company Press Release

Persistent, will acquire Data Glove, Inc.

synopsis: Persistent Systems, a global services and solutions company, will acquire Data Glove Inc., a global information technology company. Data Glove helps their clients to transform and adapt their businesses for the digital age. They provide services for cloud transformation, workplace transformation, app transformation, and intelligent automation.
buyer: Persistent (BSE:533179:$552.65)
Persistent is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. Persistent combines deep technical expertise and industry experience to help their clients anticipate what’s next and answer questions before they’re asked. "
target: Data Glove, Inc.
Data Glove is a global information technology company. Data Glove helps their clients to transform and adapt their businesses for the digital age. They provide services for cloud transformation, workplace transformation, application transformation, and intelligent automation.
price ($mm)
$51
rev ($mm)
$49
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
closed 5/20/2021 via Company Press Release

Persistent, acquired Sureline

synopsis: India-based Persistent has announced the acquisition of assets and a highly specialized team of cloud experts from Sureline Systems, an innovative leader in enterprise-class cloud migration and disaster recovery solutions. The acquisition will bolster Persistent's cloud transformation offerings and solutions and reduce cloud migration costs.
buyer: Persistent (BSE:533179:$552.65)
Based in India, Persistent is a trusted Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help their clients anticipate what’s next and answer questions before they’re asked. "
target: Sureline
Sureline enables business agility and productivity, and with cloud migration and disaster recovery of any virtual, physical, or containerized application or server at the push of a button. Sureline’s SUREedge software solutions deliver application mobility that is secure, reliable and efficient.
price ($mm)
$2.50
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2019 via Company Press Release

Persistent Systems Ltd., acquired youperience

synopsis: Persistent Systems, a global company specializing in software product and technology services, has acquired Germany-based youperience, a European Salesforce consulting partner. Based on the Salesforce platform, youperience helps customers quickly design, implement, and optimise successful customer relationship management solutions.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems is a global company specializing in software product and technology services. The company builds software that drives the business of their customers; enterprises and software product companies with software at the core of their digital transformation. "
target: youperience
Youperience is a Germany-based Salesforce partner that helps users with their digital transformation in marketing, sales, or customer service. Based on the Salesforce platform, youperience helps customers quickly design, implement, and optimise successful customer relationship management solutions.
price ($mm)
$5.44
rev ($mm)
$3
EBITDA ($mm)
EV / rev
2.4x
EV / EBITDA
closed 9/12/2018 via PR Newswire

Persistent Systems Ltd., acquired Herald Health

synopsis: Persistent Systems, a global company specializing in software product and technology services, has acquired Herald Health, a software solution that solves data overload for healthcare systems. Herald Health's platform flexibly integrates with hospital information systems and provides high-yield, actionable data in real-time.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems is a global company specializing in software product and technology services. The company builds software that drives the business of their customers; enterprises and software product companies with software at the core of their digital transformation. "
target: Herald Health
Herald Health is a software solution that solves data overload for healthcare systems. Their platform flexibly integrates with hospital information systems and provides high-yield, actionable data in real-time based on the users operational and clinical priorities.
price ($mm)
$2.30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/21/2017 via PR Newswire

Persistent Systems Ltd., acquired PARX

synopsis: Persistent Systems, a global company specializing in software product and technology services, has announced the acquisition of PARX, a Salesforce Certified Platinum Partner in the DACH market of Germany, Austria and Switzerland that focuses on its customers' business models, strategic and operational objectives.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems builds software that drives the business of their customers; enterprises and software product companies with software at the core of their digital transformation. "
target: PARX
PARX is a leading Salesforce Platinum Consulting Partner in the DACH market (Germany, Austria, Switzerland). PARX has successfully digitalized business processes in companies, in an array of industries in implementing over 1000 projects.
price ($mm)
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closed 4/4/2016 via PR Newswire

Persistent Systems Ltd., acquired GENWI

synopsis: Persistent Systems, a company that builds software that drives the business of their customers, announced the acquisition of Genwi, developer of the Genwi Marketing System, a flexible and customizable platform that delivers superior user experience to the sales and marketing teams at many Global 1,000 companies.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems builds software that drives the business of their customers; enterprises and software product companies with software at the core of their digital transformation. "
target: GENWI
Genwi is used by marketers to distribute information, gathered from multiple sources, to mobile devices in realtime. It provides an efficient way to curate, manage and optimize content, which results in vastly better channel to relay information to an customers, partners and employees.
price ($mm)
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closed 3/15/2016 via BNC Analysis

Persistent Systems Ltd., acquired PRM Cloud Solutions Ltd.

synopsis: Pune-based Persistent Systems has acquired Australia-based PRM Cloud Solutions, a certified Salesforce consulting partner. PRM Cloud Solutions is one of Australia's leading cloud application development firms with Resources based in Perth, Melbourne and Queensland.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems builds software that drives their customers business, for enterprises and software product companies with software at the core of their digital transformation. "
target parent: Datetix Group Ltd.
target: PRM Cloud Solutions Ltd.
PRM Cloud Solutions is one of Australia's leading cloud application development firms with Resources based in Perth, Melbourne and Queensland. Since 2004 PRM Cloud Solutions has been a trusted partner with Salesforce.
price ($mm)
$0.38
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/16/2016 via BusinessWire

Accelerite, purchased Citrix CloudPlatform from Citrix Systems, Inc.

synopsis: Accelerite, provider of enterprise infrastructure software, announced it has closed the acquisition of Citrix CloudPlatform, powered by Apache CloudStack and CloudPortal Business Manager. Citrix CloudPlatform is cloud computing software for creating, managing, and deploying publice and private cloud infrastructure services.
buyer parent: Persistent Systems Ltd.
buyer: Accelerite
Accelerite provides infrastructure software in the areas of Cloud Management (Convirt/rCloud/Rovius), Endpoint and Enterprise Mobility Management (Radia) and an API based Service Creation and Monetization platform for the fields of telecommunications and Internet of Things (Aepona). "
seller: Citrix Systems, Inc. (CTXS:$3,217.17)
Citrix CloudPlatform is cloud computing software for creating, managing, and deploying public and private cloud infrastructure services. CloudPortal Business Manager is a unified cloud services delivery and business management platform that enables cloud services automation.
price ($mm)
rev ($mm)
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announced 11/11/2015 via BNC Analysis

Persistent Systems Ltd., will acquire Akumina Inc.

synopsis: Persistent Systems Ltd signed an agreement with Akumina Inc, to acquire the assets and hire the employees of its content management services business. Akumina manufactures InterChange, a software platform built using SharePoint-as-a-Service which allows businesses to develop and deploy web content management solutions on Microsoft technologies.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems builds software that drives their customers business, for enterprises and software product companies with software at the core of their digital transformation. "
target: Akumina Inc.
Incorporated in 2011, Akumina is a SharePoint web solutions company that develops and deploys web content management solutions on Microsoft technologies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/23/2015 via BNC Analysis

Persistent Systems Ltd., will acquire Aepona Group Ltd.

synopsis: Pune-based software product and technology services provider Persistent Systems Ltd (PSI) has agreed to acquire Ireland-based technology firm Aepona Holdings Ltd. The company lets service providers open up their networks to developers by leveraging cloud service.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems builds software that drives their customers business, for enterprises and software product companies with software at the core of their digital transformation. "
target parent: Intel Corporation
target: Aepona Group Ltd.
Aepona provides an industry-proven platform for Service Provider and Enterprise business transformation, allowing organizations to realize the value of their business assets – creating new sources of revenue and opening up new routes to market.
price ($mm)
rev ($mm)
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closed 6/16/2015 via PR Newswire

Accelerite, acquired Convirture

synopsis: Accelerite, a leading provider of software for IT infrastructure, mobile, and cloud solutions, announced it has acquired Convirture, a unified management provider for virtualization and cloud environments. Convirture builds systems management and orchestration tools for multi-virt, multi-cloud, and software-defined infrastructures.
buyer parent: Persistent Systems Ltd.
buyer: Accelerite
Accelerite is a provider of software, mobile, and cloud solutions to some of largest enterprises in the world. Its products range from workload management and disaster recovery orchestration software to endpoint protection and management. "
target: Convirture
Convirture builds systems management and orchestration tools for multi-virt, multi-cloud, and software-defined infrastructures. Convirture's systems management platform enables IT organizations to deliver "IT-as-a-Service" from the fragmented and siloed data centers they have today.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2014 via Reuters

Persistent Systems Ltd., acquired CloudSquads

synopsis: Pune-based Persistent Systems Ltd, a software product and technology services provider, has acquired Pune- and California-based CloudSquads Inc, an enterprise social apps platform. CloudSquads transforms social conversations into actionable insights that drive improvements in marketing, sales and customer service.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems is a global company specializing in software product and technology services. For more than two decades, Persistent has been an innovation partner for the world's largest technology brands, leading enterprises and pioneering start-ups. "
target: CloudSquads
CloudSquads Inc is an enterprise social apps platform. CloudSquads transforms social conversations into actionable insights that drive improvements in marketing, sales and customer service. The company was founded in 2009 and is based in Palo Alto, California.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/16/2013 via Market Wire

Persistent Systems Ltd., will acquire NovaQuest LLC

synopsis: Persistent Systems, the global leader in software product and technology services, has agreed to acquire privately-held NovaQuest, a Product Lifecycle Management and Search Based technology solutions company and a leading Value Added Reseller and services provider of Dassault Systèmes' 3DEXPERIENCE platform and applications.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems is a global company specializing in software product and technology services. For more than two decades, Persistent has been an innovation partner for the world's largest technology brands, leading enterprises and pioneering start-ups. "
target: NovaQuest LLC
NovaQuest LLC is an information technology solutions company. Founded in January 2009, NovaQuest sells and supports Dassault Systemes’ leading Product Lifecycle Management technologies for improved product design and development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/12/2012 via BNC Analysis

Persistent Systems Ltd., will acquire Doyenz Inc.

synopsis: Persistent Systems Ltd has struck a deal to acquire 'rCloud', an innovative cloud platform business of Doyenz, Inc. Doyenz’s rCloud provides backup and disaster recovery for VMware environments allowing IT professionals to restore virtual environments in under fifteen minutes, providing quick access to business-critical applications.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems Ltd provides outsourced software development services primarily to software companies in Europe, the United States, Canada, and Asia. They design, develop, and maintain software systems and solutions. They focus primarily in telecommunications, life sciences, and infrastructure. "
target: Doyenz Inc.
Doyenz provides an innovative cloud platform that meets the business continuity needs of small and medium-sized businesses. Its rCloud provides backup and disaster recovery for VMware environments allowing IT professionals to restore virtual environments in under fifteen minutes.
price ($mm)
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 2/6/2012 via BNC Analysis

Persistent Systems Ltd., will purchase 'Location' Business from Openwave Systems, Inc.

synopsis: Persistent Systems Ltd has acquired the ‘Location' business of California's mobile Internet software solutions company Openwave Systems, Inc., for an undisclosed sum, the company has disclosed in a statement.
buyer: Persistent Systems Ltd. (BSE:533179:$552.65)
Persistent Systems Ltd provides outsourced software development services primarily to software companies in Europe, the United States, Canada, and Asia. They design, develop, and maintain software systems and solutions. They focus primarily in telecommunications, life sciences, and infrastructure. "
seller parent: Harbinger Capital Partners
seller: Openwave Systems, Inc.
Openwave Systems Inc. is one of the world's leading innovators of software applications and infrastructure designed to enable revenue-generating, personalized services, including merchandising and advertising, which converge the mobile and broadband experience across all of a user's devices.
price ($mm)
$5.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2022 via BusinessWire

Pearl Street Equity LLC, acquired Webonise

synopsis: Pearl Street Equity LLC and affiliates announced the acquisition of Webonise US, LLC, a global technology product development and services company that builds capabilities that enable business to thrive.
buyer: Pearl Street Equity LLC
Pearl Street Equity LLC is a New York-based single-family office. Pearl Street and affiliates have investments in venture capital, public and private equity, real estate and credit strategies. "
target: Webonise
Webonise US, LLC is a global technology product development and services company that builds capabilities that enable business to thrive.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2022 via Company Press Release

ThoughtWorks, acquired Connected Lab Inc.

synopsis: Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, announced its acquisition of privately-held, Canadian-based Connected, an end-to-end, product development service firm that partners with their clients to discover and deliver software-powered products.
buyer parent: Apax Partners
buyer: ThoughtWorks (:$1,069.94)
Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. The company provides access to a broad range of technology capabilities, to help customers think big, move fast, and deliver value with the right skills at the right time. "
target: Connected Lab Inc.
Connected is an end-to-end product strategy and development services company based in Toronto. Connected partners with the world's leading organizations to build software-powered products at speed and scale.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2022 via GlobeNewswire

Design on Tap merged with Ceemless,

synopsis: Design on Tap, a digital marketing agency, has merged with Ceemless Innovation, a tech innovator. Ceemless Innovation was founded to identify technology problems in the marketplace for mid-market businesses and find innovative solutions to transform them into new businesses. Design on Tap will continue under the Ceemless Innovation brand.
buyer: Ceemless
Ceemless Innovation is a multi-dimensional firm with over 50 years combined experience leading tech innovation and implementation. Since its founding, Ceemless Innovation has been serving businesses with services like technology identification, DevOps/managed solutions, and business consulting. "
target: Design on Tap
Design on Tap is a product growth team for businesses ready to scale marketing. Design on Tap helps B2B SaaS product teams craft and optimize their buyers' journey, grow smarter with buyer insights, and design and launch innovative products.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/16/2022 via BNC Analysis

The North Alliance, acquired Dunning, Kruger & Associates

synopsis: The North Alliance, a Norwegian marketing company, has acquired Dunning, Kruger & Associates (DK&A), a digital design and engineering consultancy in Finland. DK&A helps businesses to solve complex problems. They provide full-stack digital product development services that enable brands to deliver real value to their customers.
buyer parent: Norvestor Equity AS
buyer: The North Alliance
Pan-Scandinavian The North Alliance (NoA) offers an integrated range of services within design, communications, and technology. NoA consists of leading agencies in Sweden, Denmark and Norway with offices in Stockholm, Copenhagen, Oslo, Krakow, Chicago and Los Angeles. "
target: Dunning, Kruger & Associates
Dunning, Kruger & Associates (DK&A) is a digital design and engineering consultancy in Finland. DK&A helps businesses to solve complex problems. They provide full-stack digital product development services that enable brands to deliver real value to their customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/15/2022 via BNC Analysis

AI SOFT, will acquire AI SOFT

synopsis: Taxsa Bunnag, the CEO of AI SOFT, will acquire a 51% stake in the company from Comanche International, a provider of hotel IT solutions in Thailand. AI SOFT is a professional IT outsourcing and software development firm in Thailand. They offer a team of 30+ full stack developers that are ready to help businesses develop quality software products.
buyer: AI SOFT
AI SOFT is a professional IT outsourcing and software development firm in Thailand. AI SOFT helps businesses to plan, organize, and coordinate their IT projects. They offer a team of 30+ full stack developers and IT experts that are ready to help businesses develop quality software products. "
target parent: Comanche International Public Company Limited
target: AI SOFT
AI SOFT is a professional IT outsourcing and software development firm in Thailand. AI SOFT helps businesses to plan, organize, and coordinate their IT projects. They offer a team of 30+ full stack developers and IT experts that are ready to help businesses develop quality software products.
price ($mm)
$0.15*
rev ($mm)
$1
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 1/31/2022 via Reuters

TOTVS S.A., acquired Mobile2you

synopsis: TOTVS, a Brazilian tech firm, has acquired Mobile2you, a financial app developer in Brazil. Mobile2you develops tailor-made digital products for corporations and start-ups. The company has developed mobile apps and financial solutions for leading companies such as Consigaz, O Boticário, Digio, Museu do Amanhã, and more.
buyer: TOTVS S.A. (TOTS3:$3,258.86)
TOTVS is a Brazilian technology company specialized in the development of business solutions for key players of all sizes. The company's tools are integrated and serve both the core business and the back office of its customers, permeating their entire value chain from end to end. "
target: Mobile2you
Mobile2you is a financial app developer in Brazil. Mobile2you develops tailor-made digital products for corporations and start-ups. The company has developed mobile apps and financial solutions for leading companies such as Consigaz, O Boticário, Digio, Museu do Amanhã, and more.
price ($mm)
$5.08
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2022 via BNC Analysis

CI&T, acquired Somo

synopsis: Global systems integrator CI&T has acquired digital transformation product agency Somo Global to expand its reach across EMEA (Europe, Middle East and Africa). Somo is the UK’s leading independent digital product agency, delivering digital ambitions at pace and scale for some of the world’s largest brands.
buyer: CI&T (NYSE:CINT:$309.28)
CI&T is a global digital specialist, a partner in end-to-end digital transformation for 50+ Large Enterprises & Fast Growth Clients. As digital natives, they bring a 26-year track record of accelerating business impact through complete and scalable digital solutions. "
target: Somo
Co-founded in 2010 by Nick Hynes and Carl Uminski, Somo is the UK’s leading independent digital product agency, delivering digital ambitions at pace and scale for some of the world’s largest brands and coolest start-ups. Somo has pioneered over 1000 products for over 100 world-leading brands.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2021 via PR Newswire

Advent International, acquired Encora

synopsis: Encora, a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally-native companies and Advent International, a leading global private equity firm, announced that Advent has acquired a majority stake in Encora's business.
buyer: Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of June 30, 2020, had $58.4 billion in assets under management. "
target parent: Warburg Pincus
target: Encora
Encora is a leader in outsourced product development services, specializing in innovation acceleration for leading-edge technology companies. Encora's global talent pool, micro-industry vertical expertise and proprietary agile engineering capabilities enable clients to improve their speed to impact.
price ($mm)
$1,500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/8/2021 via PR Newswire

Cognizant Softvision, will acquire Devbridge Group

synopsis: Cognizant will acquire Devbridge, a privately-held software consultancy and product development company headquartered in Chicago. Upon completion of the acquisition, Devbridge employees will become part of Cognizant Softvision, which develops custom digital products.
buyer parent: Cognizant Technology Solutions
buyer: Cognizant Softvision
Cognizant Softvision creates impactful end-to-end digital products and solutions that result in relevant, memorable and rewarding interactions between brands and consumers. They deliver sustainable innovation and business transformation for the world’s leading brands. "
target: Devbridge Group
Devbridge is a digital product and technology consultancy focused on enterprise transformation and product development. Using cross-functional teams Devbridge brings industry expertise and takes ownership of end-to-end product development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/17/2021 via BNC Analysis

Softbinator Technologies, will acquire WiseUp

synopsis: Softbinator Technologies, a Romanian software development company, will acquire WiseUp, a software product development company in Romania. WiseUp is focused on building and launching cutting-edge products faster, at a lower cost, and with less risk. They help companies to prototype new products or improve their existing ones.
buyer: Softbinator Technologies
Softbinator Technologies is a Romanian software development company. Softbinator Technologies develops software products for customers in Asia, Europe and America. They are focused on creating solutions for fintech, edutech, healthtech, e-commerce, IoT, AI/robotics and blockchain. "
target: WiseUp
WiseUp is a software product development company in Romania. WiseUp is focused on building and launching cutting-edge products faster, at a lower cost, and with less risk. They help companies to prototype new products or improve their existing ones to strengthen their position in the market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/17/2021 via BNC Analysis

S4 Capital LLC, will acquire Zemoga

synopsis: S4 Capital, a tech-led, new age, new era, digital advertising and marketing services company in the UK, will acquire Zemoga, a full service digital agency. Zemoga helps their clients to design and produce amazing digital experiences that improve lives and build business. The company designs and develops websites, mobile apps, OTT apps, and more.
buyer: S4 Capital LLC (LSE:SFOR:$657.22)
S4 Capital is a tech-led, new age, new era, digital advertising and marketing services company in the UK. S4 aims to build a purely digital advertising and marketing services business. The company is integrating leading businesses in two practice areas: content and data & digital media. "
target: Zemoga
Zemoga is a full service digital agency. Zemoga helps their clients to efficiently design and produce amazing digital experiences that improve lives and build business. The company designs and develops websites, mobile apps, OTT apps, and more.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/15/2021 via PR Web

WillowTree, LLC, acquired Maark, LLC

synopsis: WillowTree, a market-leading digital product consultancy, has acquired Maark, a Boston-based end-to-end digital transformation agency specializing in Adobe Experience Cloud. The acquisition bolsters WillowTree’s existing Adobe Experience Cloud capabilities and cements the firm’s position as the largest independent digital product consultancy.
buyer: WillowTree, LLC
WillowTree helps the world’s most admired brands on their path to digital leadership—from product to process. Founded in 2008, WillowTree has grown into a full-service digital product consultancy, helping its clients anywhere humans and technology intersect. "
target: Maark, LLC
Maark delivers end-to-end digital marketing services and cutting-edge product development in complex industries. Its expertise spans the planning and design of world-class user-experiences and the building and integration of the technologies that make those experiences possible.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/8/2021 via PR Newswire

Caisse de dépôt et placement du Québec, will acquire Wizeline

synopsis: Canada-based Caisse de dépôt et placement du Québec (CDPQ) will acquire majority ownership of Wizeline, a technology services provider that partners with clients to build high-quality digital products and platforms. The arrival of CDPQ marks a significant milestone in Wizeline's growth, enabling continued expansion of services and geographies.
buyer: Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec (CDPQ) invests constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, CDPQ works alongside its partners to build enterprises that drive performance and progress. "
target parent: Apax Partners
target: Wizeline
Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with its customers to modernize core technologies, mature data-driven capabilities, and improve user experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/8/2021 via BNC Analysis

Four Communications Group plc, acquired Marmelo

synopsis: Four Communications Group, one of the leading independent integrated communications agencies in the UK and the Middle East, has acquired Marmelo, a small, digital agency of creative technologists in the UK. Marmelo creates UX-driven websites and mobile apps to help their clients solve their business problems.
buyer: Four Communications Group plc
Four Communications is one of the leading independent integrated communications agencies in the UK and the Middle East. Four offers a truly integrated approach with services spanning advertising, digital, social, media planning & buying, marketing, PR, public affairs, events, and more. "
target: Marmelo
Marmelo is a small, digital agency of creative technologists in the UK. Marmelo provides consulting and product development services for clients in various sectors. The company creates UX-driven websites and mobile apps to help their clients solve their business problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/12/2021 via BNC Analysis

Rural Sourcing, will acquire Centare

synopsis: Rural Sourcing, Inc., a leader in onshore digital engineering, will acquire Centare, a cloud software product development consultancy. Centare designs and develops software products that are tailored to their clients' unique needs. They offer services for application development, mobile development, product branding, software architecture and more.
buyer parent: Bain Capital
buyer: Rural Sourcing
Rural Sourcing Inc. (RSI) is the leading IT outsourcing provider with a cost-effective, agile approach to software development, support and maintenance of critical business and cloud applications. RSI provides world-class solutions to Fortune 1000 clients across various industries. "
target: Centare
Centare is a cloud software product development consultancy. Centare designs, develops, and deploys great software products that are tailored to their clients' unique needs. They offer services for application development, mobile development, product branding, software architecture, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2021 via Company Press Release

iCrossing, acquired Mediablaze

synopsis: iCrossing, a global digital marketing agency, has acquired Mediablaze, a digital experience and content marketing agency in the UK. Mediablaze creates digital content experiences across multiple customer touch-points to keep audiences coming back for more. They provide services for strategic consulting, content marketing, and web & app development.
buyer parent: The Hearst Corporation
buyer: iCrossing
iCrossing is a global marketing agency that builds seamless digital experiences that influence consumers to act. iCrossing uncovers the data-powered drivers that matter to brands’ audiences and use them to build impactful consumer-first experiences that provide significant business growth. "
target: Mediablaze
Mediablaze is a digital experience and content marketing agency in the UK. Mediablaze creates digital content experiences across multiple customer touch-points to keep audiences coming back for more. They provide services for strategic consulting, content marketing, and web & app development.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/17/2021 via BNC Analysis

Trybe, acquired Jungle Devs Software Ltda

synopsis: The Trybe announced the acquisition of Jungle Devs , a technology company based in Santa Catarina that creates digital products, Web and Mobile applications, and uses the training of professionals as value delivery strategy for their clients. 
buyer: Trybe
Trybe is a school of the future and for the future that was founded with the purpose of generating significant opportunities for anyone who wants to improve their lives and build a successful career in technology. They focus on web development, software development, and programming. "
target: Jungle Devs Software Ltda
Jungle Devs is a technology company based in Santa Catarina that creates digital products, Web and Mobile applications, and uses the training of professionals as value delivery strategy for their clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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
closed 6/16/2021 via BNC Analysis

Shortcut AS, acquired Dynamo Consulting AB

synopsis: Shortcut, the largest mobile app consultancy in the Nordics, has acquired Dynamo from CombinedX, a group of knowledge companies in Sweden. Dynamo is a mobile app developer in Sweden. They offer consulting, project development, and advisory services. The company has created mobile apps for leading brands such as Oriflame, Spotify, SVT, and more.
buyer: Shortcut AS
Shortcut is a leading mobile app agency based in Norway. Shortcut develops iOS, Android, Cloud + web applications that are used by millions every day. The company has created apps for clients such as Lederne, Bilkollektivet, Fastr, Vipps, and more. "
target parent: CombinedX
target: Dynamo Consulting AB
Dynamo is a mobile app developer in Sweden. Dynamo help entrepreneurs and companies to develop their mobile products or services. They offer consulting, project development, and advisory services. The company has created mobile apps for leading brands such as Oriflame, Spotify, SVT, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via BNC Analysis

Ionic Partners, acquired Gigster

synopsis: Gigster, Inc., a leader in custom enterprise software application development using cloud teams, announced that it has been acquired by Ionic Partners, LLC (“Ionic”) and has appointed Andy Tryba as CEO. Gigster accelerates the delivery of digital transformation applications, giving companies the agility to thrive in a software-defined world.
buyer: Ionic Partners
Ionic Partners brings together over 30 years of global software industry expertise as both operators and investors. They are developing a horizontal platform to merge together ‘2nd Chasm’ companies to help them scale and unleash the power of value creation through innovation. "
target: Gigster
Gigster accelerates the delivery of digital transformation applications, giving companies the agility to thrive in a software-defined world. The Gigster platform delivers business impact with applications that matter at startup speed.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Matching Companies
Ticker: NTAP
 
 
 
 
 
 
 
 
NetApp
NetApp
Leading organizations worldwide count on NetApp for software, systems and services to manage and store their data. Customers value their teamwork, expertise and passion for helping them succeed now and into the future.
year
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rev ($mm)
$6,193.00
EBITDA ($mm)
$1,357.00
EBIT ($mm)
$1,207.00
Net Income ($mm)
$1,012.00
Employees
11000
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Ticker: TDC
 
 
 
 
 
 
 
 
Teradata Corporation
Teradata Corporation
Teradata helps companies get more value from data than any other company. Teradata's leading portfolio of big data analytic solutions and services can help organizations gain a sustainable competitive advantage with data.
year
2017
rev ($mm)
$2,268.00
EBITDA ($mm)
$337.00
EBIT ($mm)
$280.00
Net Income ($mm)
$169.00
Employees
10093
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Ticker: NYSE:SNOW
 
 
 
 
 
 
 
 
Snowflake Computing
Snowflake Computing
Snowflake delivers the Data Cloud a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Inside the Data Cloud, organizations unite their data, easily discover and securely share governed data, and execute diverse analytic workloads.
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EBITDA ($mm)
($693.54)
EBIT ($mm)
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3557
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Ticker: QTM
 
 
 
 
 
 
 
 
Quantum Corporation
Quantum Corporation
Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. More than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges.
year
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rev ($mm)
$365.37
EBITDA ($mm)
$21.54
EBIT ($mm)
$14.76
Net Income ($mm)
Employees
827
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Ticker: WANSF
 
 
 
 
 
 
 
 
WANdisco, Inc.
WANdisco, Inc.
WANdisco is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today’s data challenges of secure storage, scalability and availability.
year
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rev ($mm)
$8.01
EBITDA ($mm)
($16.09)
EBIT ($mm)
($16.99)
Net Income ($mm)
Employees
143
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Ticker: CVLT
 
 
 
 
 
 
 
 
Commvault
Commvault is the recognized leader in data backup and recovery. Commvault’s converged data management solution redefines what backup means for the progressive enterprise through solutions that protect, manage and use their most critical asset — their data.
year
2019
rev ($mm)
$696.98
EBITDA ($mm)
$42.41
EBIT ($mm)
$30.49
Net Income ($mm)
$5.28
Employees
2559
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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: ANTS
 
 
 
 
 
 
 
 
ANTs Software Inc.
ANTs Software Inc.
ANTs Software, Inc., develops high-performance data management architectural products and solutions. The company's mission is to help customers reduce hardware, software, and development costs by providing exceptional performance.
year
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rev ($mm)
$5.81
EBITDA ($mm)
($7.32)
EBIT ($mm)
($8.35)
Net Income ($mm)
Employees
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Ticker: OTCPK:OVTZ
 
 
 
 
 
 
 
 
Oculus VisionTech Inc.
Oculus VisionTech Inc.
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year
2019
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($0.20)
Net Income ($mm)
Employees
3
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Ticker: SPBU
 
 
 
 
 
 
 
 
Spare Backup, Inc.
Spare Backup, Inc.
Spare Backup, Inc. specializes in helping consumers, small office/home office users and small to mid-sized businesses protect their computer data quickly, automatically and cost-effectively. The company's flagship product is the first totally automated online backup service.
year
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rev ($mm)
$1.72
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: XRTX
 
 
 
 
 
 
 
 
Xyratex Ltd.
Xyratex Ltd.
Xyratex is a leading provider of data storage technology, including modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry.
year
2012
rev ($mm)
$1,158.90
EBITDA ($mm)
$41.67
EBIT ($mm)
$20.58
Net Income ($mm)
$17.66
Employees
1960
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Ticker: ADIC
 
 
 
 
 
 
 
 
Advanced Digital Information Corporation
Advanced Digital Information Corporation is a leading provider of Intelligent Storage(TM) solutions to the open systems marketplace. ADIC is the world's largest supplier of automated tape systems using the drive technologies most often employed for backing up open system, client-server networks.
year
2005
rev ($mm)
$454.20
EBITDA ($mm)
$30.70
EBIT ($mm)
$4.10
Net Income ($mm)
$14.30
Employees
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Ticker: ADGL
 
 
 
 
 
 
 
 
AllDigital, Inc.
AllDigital, Inc.
AllDigital offers secure digital broadcasting solutions across multiple devices including mobile, desktop and digital television. Global media and entertainment, enterprise, and organizations have leveraged from their connected device technology to get to market faster, more efficiently.
year
2014
rev ($mm)
$4.10
EBITDA ($mm)
($1.61)
EBIT ($mm)
($1.68)
Net Income ($mm)
Employees
28
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Ticker: STX
 
 
 
 
 
 
 
 
Seagate Technology, Inc.
Seagate Technology, Inc.
Seagate is the global leader in data storage solutions, developing amazing products that enable people and businesses around the world to create, share and preserve their most critical memories and business data.
year
2016
rev ($mm)
$12,169.00
EBITDA ($mm)
$1,794.00
EBIT ($mm)
$962.00
Net Income ($mm)
$626.00
Employees
52350
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Ticker: OTCPK:TIGR
 
 
 
 
 
 
 
 
TigerLogic Corporation
TigerLogic Corporation
TigerLogic Corporation is a global provider in engagement solutions, including Omnis, a mobile development platform, and Postano, a social media aggregation and display platform.
year
2015
rev ($mm)
$6.49
EBITDA ($mm)
($5.52)
EBIT ($mm)
($5.79)
Net Income ($mm)
Employees
63
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Ticker: EPAM
 
 
 
 
 
 
 
 
EPAM Systems
EPAM Systems
Established in 1993, EPAM Systems, Inc. is recognized as a leader in software product development by independent research agencies. Headquartered in the United States, EPAM serves clients worldwide utilizing its award-winning global delivery platform located in 19 countries.
year
2021
rev ($mm)
$3,374.17
EBITDA ($mm)
$566.66
EBIT ($mm)
$491.14
Net Income ($mm)
$424.91
Employees
41168
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Ticker: BSE:533179
 
 
 
 
 
 
 
 
Persistent Systems Ltd.
Persistent Systems Ltd.
Persistent Systems builds software that drives their customers business, for enterprises and software product companies with software at the core of their digital transformation.
year
2021
rev ($mm)
$552.65
EBITDA ($mm)
$86.82
EBIT ($mm)
$67.76
Net Income ($mm)
$59.47
Employees
10357
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Ticker: OM:DEVP B
 
 
 
 
 
 
 
 
DevPort AB
DevPort AB
DevPort is a Swedish technology consulting company and acts as an independent advisor and development partner with the customer's best interests in mind. DevPort's operations can be divided into three main areas; Product Development, Production Development and Digital Solutions.
year
2020
rev ($mm)
$39.58
EBITDA ($mm)
$2.46
EBIT ($mm)
$2.44
Net Income ($mm)
$0.75
Employees
244
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Ticker: 2321
 
 
 
 
 
 
 
 
Softfront
Softfront
Softfront provides software product development and consultation services for communications-related technology focusing on SIP/VoIP. The company is based in Tokyo, Japan.
year
2015
rev ($mm)
$4.11
EBITDA ($mm)
EBIT ($mm)
($3.77)
Net Income ($mm)
Employees
81
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Ticker: NSEI:CALSOFT
 
 
 
 
 
 
 
 
California Software Company
California Software Company
California Software Company (Calsoft) is a Product Engineering & Enterprise Solutions company with a strong background in development and implementation. Calsoft delivers Product Engineering Services and technology-driven Business Solutions that help meet the business objectives of their clients.
year
2019
rev ($mm)
$0.21
EBITDA ($mm)
EBIT ($mm)
$0.09
Net Income ($mm)
$0.09
Employees
1
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Ticker: BSE:507685
 
 
 
 
 
 
 
 
Wipro, Ltd.
Wipro, Ltd.
Wipro Ltd. is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology.”
year
2022
rev ($mm)
$744,788.00
EBITDA ($mm)
EBIT ($mm)
$155,387.00
Net Income ($mm)
Employees
0
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Ticker: BSE:532819
 
 
 
 
 
 
 
 
Mindtree
Mindtree
Mindtree delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. "Born digital", Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain.
year
2023
rev ($mm)
$105,253.00
EBITDA ($mm)
$25,029.00
EBIT ($mm)
$22,609.00
Net Income ($mm)
Employees
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Ticker: XTRA:SANT
 
 
 
 
 
 
 
 
S&T AG
S&T AG
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.
year
2020
rev ($mm)
$1,337.34
EBITDA ($mm)
$86.38
EBIT ($mm)
$63.21
Net Income ($mm)
$55.67
Employees
4934
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Ticker: GLOB
 
 
 
 
 
 
 
 
Globant, Inc.
Globant, Inc.
Globant is a digitally native technology services company. They dream and build digital journeys that matter to millions of users. They are the place where engineering, design, and innovation meet scale.
year
2022
rev ($mm)
$1,297.08
EBITDA ($mm)
$215.62
EBIT ($mm)
$135.33
Net Income ($mm)
Employees
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Ticker: DB:ADN1
 
 
 
 
 
 
 
 
adesso AG
adesso AG
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.
year
2021
rev ($mm)
$736.30
EBITDA ($mm)
$70.09
EBIT ($mm)
$52.82
Net Income ($mm)
$51.94
Employees
5814
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Ticker: BSE:532221
 
 
 
 
 
 
 
 
Sonata Software
Sonata Software
Sonata Software is a global IT services company. Sonata has deep technology expertise gained from multi-faceted relationships spanning Product Engineering, Professional Consulting Services, Early Adopter Programs, Implementation and Alliances status with technology industry leaders.
year
2021
rev ($mm)
$568.69
EBITDA ($mm)
$48.06
EBIT ($mm)
$45.73
Net Income ($mm)
$32.81
Employees
3661
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Ticker:
 
 
 
 
 
 
 
 
Nagarro, Inc.
Nagarro, Inc.
Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus, win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs.
year
2021
rev ($mm)
$554.58
EBITDA ($mm)
$64.81
EBIT ($mm)
$57.36
Net Income ($mm)
$22.46
Employees
12052
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Ticker: TSE:9759
 
 
 
 
 
 
 
 
NSD Co., Ltd.
NSD Co., Ltd.
Founded in 1969, NSD Co., Ltd. is a provider of system solutions for a wide variety of businesses in various industries. NSD is a leading systems integrator in Japan. The company offers software development services, packaged software products and IT management services.
year
2017
rev ($mm)
$506.70
EBITDA ($mm)
$73.02
EBIT ($mm)
$68.56
Net Income ($mm)
$43.72
Employees
3315
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Ticker: TSE:4725
 
 
 
 
 
 
 
 
CAC Holdings Corporation
CAC Holdings Corporation
Computer Applications Co.,Ltd. (CAC) was established in 1966 as Japan´s first independent software development company. CAC provides a full range of services supporting IT utilization and the integration of IT and business processes.
year
2019
rev ($mm)
$470.75
EBITDA ($mm)
$23.55
EBIT ($mm)
$16.06
Net Income ($mm)
$13.68
Employees
4821
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Ticker: XTRA:AEIN
 
 
 
 
 
 
 
 
Allgeier Holding AG
Allgeier Holding AG
Allgeier is one of the leading IT companies for Business Performance today: Allgeier combines the advantages of an international provider with the merits of medium-sized companies with a growth strategy oriented consistently to innovations and future trends, and an integrative business model.
year
2021
rev ($mm)
$432.31
EBITDA ($mm)
$35.76
EBIT ($mm)
$17.04
Net Income ($mm)
Employees
2554
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