M&A Deal Summary

Infosys Acquires Blue Acorn iCi

On October 8, 2020, Infosys acquired information technology company Blue Acorn iCi from Beringer Capital

Acquisition Highlights
  • This is Infosys’ 7th transaction in the Information Technology sector.
  • This is Infosys’ 11th transaction in the United States.
  • This is Infosys’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2020-10-08
Target Blue Acorn iCi
Sector Information Technology
Buyer(s) Infosys
Sellers(s) Beringer Capital
Deal Type Add-on Acquisition

Target

Blue Acorn iCi

Charleston, South Carolina, United States
website
Blue Acorn iCi is an independent digital customer experience company. Blue Acorn iCi has unparalleled expertise - from building complex websites that need scale and platform integration, to transforming data into actionable insights, to helping brands operate and grow their digital commerce channel utilizing a comprehensive suite of commerce services. Blue Acorn iCi was founded in 2008 and is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

Infosys

Bangalore, India

website


Category Company
Founded 1981
Sector Information Technology
Employees346,845
Revenue 16.3B USD (2022)
DESCRIPTION

Infosys is a provider of consulting, technology, and outsourcing solutions. As a proven partner focused on building tomorrow's enterprise, Infosys enables clients in more than 30 countries to outperform the competition and stay ahead of the innovation curve. Infosys was founded in 1981 and is based in Bengaluru, India.


DEAL STATS #
Overall 18 of 22
Sector (Information Technology) 7 of 9
Type (Add-on Acquisition) 17 of 21
State (South Carolina) 1 of 1
Country (United States) 11 of 11
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 GuideVision

Prague, Czech Republic

GuideVision is an enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training and support on the ServiceNow platform. GuideVision was established in 2014 and is based in Prague, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Trifacta

San Francisco, California, United States

Trifacta is a provider of data wrangling software that enables non-technical users to easily transform data for analysis. Trifacta provides proven, scalable cloud data management capabilities natively and securely for major cloud deployments, including Google Cloud Platform (GCP), Amazon Web Services (AWS), and Microsoft Azure. Trifacta is based in San Francisco, California.

Sell $400M

Seller(S) 1

DESCRIPTION

Beringer Capital is a private equity and M&A advisory firm. Beringer's direct investment group looks to partner with founders of growing companies to maximize the value of their business. Areas of investment interest include marketing services, digital media, and specialty media. In addition to direct investing, Beringer also provides M&A and corporate development services. Beringer Capital was formed in 1990 and is headquartered in Toronto.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 3 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Adweek

New York, New York, United States

Adweek is a resource for news and insight in media, marketing, and advertising. Adweek is the major source of news for marketing, media, and advertising professionals. It delivers insightful, forward-thinking content across various platforms, including a weekly print magazine, an iPad app, daily newsletters, social media, original videos, events, and awards. Adweek was formed in 1978 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Perform[cb]

Sarasota, Florida, United States

Perform[cb] is a performance-based digital marketing network that connects advertisers with publishers. The Company provides a network that gives advertisers access to a qualified network of relevant publishers or affiliates, who can provide them with high-value sales leads. Perform[cb] was founded in 2002 and is headquartered in Sarasota, Florida.

Buy -