M&A Deal Summary

Toptal Acquires VironIT

On April 12, 2024, Toptal acquired information technology company VironIT

Acquisition Highlights
  • This is Toptal’s 1st transaction in the Information Technology sector.
  • This is Toptal’s 2nd transaction in the United States.
  • This is Toptal’s 1st transaction in Delaware.

M&A Deal Summary

Date 2024-04-12
Target VironIT
Sector Information Technology
Buyer(s) Toptal
Deal Type Add-on Acquisition

Target

VironIT

Wilmington, Delaware, United States
website
VironIT is a software development company specializing in custom software solutions and IT consulting services. VironIT is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

Toptal

San Francisco, California, United States

website


Category Company
Founded 2011
Sector Information Technology
DESCRIPTION

Toptal, LLC is one the fastest-growing and most innovative companies. Toptal today connects thousands of elite freelance software engineers and designers from around the world to over 2,000 blue-chip enterprises, such as J.P. Morgan and Pfizer, tech companies such as Airbnb and Zendesk, and numerous startups, to provide world-class solutions that meet the most complex and challenging requirements. Toptal’s rapid growth is testimony to exploding client demand and the unmatched quality and reliability of the company’s services.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Delaware) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Skillbridge

New York, New York, United States

Skillbridge is an online platform for elite business freelancers. In the last 24 months the company has grown to over 7,500 screened freelance professionals, with clients ranging from the largest private equity houses to the Fortune 500. Their proprietary Talent Dynamics matching technology means projects start in days, not weeks, and deliver with unparalleled reliability. Winner of the 2015 Bully award for innovation and growth potential, Skillbridge was founded at the Wharton School and has offices in New York and London. Notable investors include 500 Startups.

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