M&A Deal Summary

Polygon Acquires Hermez

On August 13, 2021, Polygon acquired information technology company Hermez for 250M USD

Acquisition Highlights
  • This is Polygon’s 1st transaction in the Information Technology sector.
  • This is Polygon’s 2nd largest (disclosed) transaction.
  • This is Polygon’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-08-13
Target Hermez
Sector Information Technology
Buyer(s) Polygon
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Hermez

Zug, Switzerland
website
Hermez is an open-source ZK-Rollup optimised for secure, low-cost, and usable token transfers on the wings of Ethereum. Create account. Hermez was founded in 2020 and is based in Zug, Switzerland.

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Buyer(S) 1

Buyer

Polygon

Bengaluru, India

website

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Polygon provides an easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon was founded in 2017 and is based in Bengaluru, India.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Switzerland) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Mir

United States

Mir is an Ethereum scaling startup that utilizes zero-knowledge proof (ZK-proof) technology.

Buy $400M
Mergr

Product

Company

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