M&A Deal Summary

Infosys Acquires Simplus

On February 10, 2020, Infosys acquired internet software and services company Simplus from JW Capital

Acquisition Highlights
  • This is Infosys’ 2nd transaction in the Internet Software and Services sector.
  • This is Infosys’ 9th transaction in the United States.
  • This is Infosys’ 1st transaction in Utah.

M&A Deal Summary
Date 2020-02-10
Target Simplus
Sector Internet Software and Services
Buyer(s) Infosys
Sellers(s) JW Capital
Deal Type Add-on Acquisition

Target

Simplus

Sandy, Utah, United States
website
Simplus is a provider of cloud consulting, implementation, data integration, change management and training services for Salesforce Quote-to-Cash applications. Simplus is based in Sandy, Utah.

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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 15 of 22
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 14 of 21
State (Utah) 1 of 1
Country (United States) 9 of 11
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Stater N.V.

Amersfoort, Netherlands

Stater N.V. is the largest mortgage service provider in the Netherlands. Stater N.V. services relate to close to forty percent of all mortgages in the Netherlands, from mortgage application approval to final redemption.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Kaleidoscope Innovation

Cincinnati, Ohio, United States

Kaleidoscope Innovation, Inc. is a full-service insights, design, and development firm innovating across medical, consumer, and industrial markets. Kaleidoscope offers both consultancy-style and onsite services, across a full breadth of disciplines to meet their client's needs where needed, including insights & human factors, medical affairs, industrial design & user experience, engineering, visualization, and software development. Kaleidoscope Innovation was established in 1989 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

SELLER

JW Capital

website

Category Growth Capital Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

JW Capital is a collection of entrepreneurs who look to acquire and invest in fast growing companies. JW Capital was formed in 2013 and is headquartered in South Jordan, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Utah) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Workfront

Lehi, Utah, United States

Workfront, Inc. is a provider of Software as a Service (SaaS)-based project management and collaborative workforce management solutions. Workfront is the first enterprise application platform for knowledge workers, helping people get their best work done by automating projects and processes, managing content, and providing company-wide collaboration in a single system of record. Workfront was established in 2001 and is based in Lehi, Utah.

Sell $280M
Mergr

Product

Company

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