M&A Deal Summary

Alithya Group Acquires Travercent

On December 16, 2019, Alithya Group acquired internet software and services company Travercent for 18M USD

Acquisition Highlights
  • This is Alithya Group’s 1st transaction in the Internet Software and Services sector.
  • This is Alithya Group’s 3rd largest (disclosed) transaction.
  • This is Alithya Group’s 2nd transaction in the United States.
  • This is Alithya Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-12-16
Target Travercent
Sector Internet Software and Services
Buyer(s) Alithya Group
Deal Type Add-on Acquisition
Deal Value 18M USD
Advisor(s) Innovation Advisors LLC (Financial)

Target

Travercent

Richardson, Texas, United States
website
Travercent LLC is a cloud-focused consulting group specialised in the healthcare sector. Travercent competencies include delivery of Oracle’s cloud-based ERP, EPM, and HCM software services along with internally developed applications that address complex use cases. Travercent LLC is based in Richardson, Texas.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Alithya Group

Quebec, Quebec, Canada

website

Category Company
Founded 1992
Sector Information Technology
Employees1,500
DESCRIPTION

Alithya Group, Inc. is an information technology consulting firm that advises, guides and assists its clients in their pursuit of innovation and excellence. Alithya prioritizes the achievement of business objectives on every project, through the optimal use of information technology. Alithya Group, Inc. was founded in 1992 and is based in Quebec, Canada.

DEAL STATS #
Overall 6 of 9
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Texas) 1 of 1
Country (United States) 2 of 4
Year (2019) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Matricis Informatique

Montreal, Quebec, Canada

Matricis Informatique, Inc. specializes in developing solutions that enable businesses to accelerate digital transformation through the leveraging of data. The company includes approximately 40 data scientists, engineers, and technology professionals who design advanced applications and systems using techniques derived from the Internet of Things (IoT), Artificial Intelligence (AI), a combination of the aforementioned (AIoT), and operational intelligence. Matricis Informatique was founded in 1999 and is based in Montreal, Quebec.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 R3D Conseil

Québec, Quebec, Canada

R3D Conseil specializes in consulting and digital application development in the areas of insurance, finance, government services, healthcare, and telecommunications. R3D Conseil was founded in 1996 and is based in Québec, Canada.

Buy -
Mergr

Product

Company

Legal