M&A Deal Summary

UST Acquires Advantasure

On September 19, 2022, UST acquired information technology company Advantasure

Acquisition Highlights
  • This is UST’s 8th transaction in the Information Technology sector.
  • This is UST’s 8th transaction in the United States.
  • This is UST’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-09-19
Target Advantasure
Sector Information Technology
Buyer(s) UST
Deal Type Add-on Acquisition

Target

Advantasure

Glen Allen, Virginia, United States
website
Advantasure is a healthcare technology and business process services company dedicated to improving the performance of health plans and provider organizations in the delivery of government healthcare programs. Advantasure is based in Glen Allen, Virginia.

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Buyer(S) 1

Buyer

UST

Aliso Viejo, California, United States

website

Category Company
Founded 1999
Sector Information Technology
Employees3,500
DESCRIPTION

UST offers digital technology solutions to Fortune 500 companies across various geographies. The company caters to technology and innovation requirements of multinational corporations providing end-to-end solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions. UST was founded in 1999 and is based in Aliso Viejo, California.

DEAL STATS #
Overall 13 of 17
Sector (Information Technology) 8 of 10
Type (Add-on Acquisition) 13 of 17
State (Virginia) 1 of 1
Country (United States) 8 of 9
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Accrete

Santa Clara, California, United States

Accrete is a consulting and outsourcing company that provides information technology and engineering services focusing on hi-tech, semiconductor, and networking. Accrete is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Prodigy Labs

Toronto, Ontario, Canada

Prodigy Labs accelerates digital transformation for enterprises with best-in-class services. The company's services are vast and include everything from advisory to delivery services and all the services in between. Prodigy Labs was formed in 2014 and is based in Toronto, Ontario.

Buy -
Mergr

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