M&A Deal Summary

Congruity360 Acquires Seven10 Storage Software

On September 9, 2020, Congruity360 acquired software company Seven10 Storage Software from McCarthy Capital

Acquisition Highlights
  • This is Congruity360’s 1st transaction in the Software sector.
  • This is Congruity360’s 2nd transaction in the United States.
  • This is Congruity360’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-09-09
Target Seven10 Storage Software
Sector Software
Buyer(s) Congruity360
Sellers(s) McCarthy Capital
Deal Type Add-on Acquisition

Target

Seven10 Storage Software

Lawrence, Massachusetts, United States
Seven10 Storage Software LLC is an enterprise storage software company that provides organizations with effortless, unified information management that includes data migration capabilities from existing storage arrays. Seven10 was formed in 2009 and is based in Lawrence, Massachusetts.

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Buyer(S) 1

Buyer

Congruity360

Pembroke, Massachusetts, United States

Category Company
Sector Information Technology
DESCRIPTION

Congruity360 LLC is a comprehensive solution provider for complete data lifecycle management. Congruity360 delivers high-quality managed services and solutions across storage, migration, support, information governance, and turnkey colocation services within its privately-owned Data Center.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 NextGen Storage

New York, New York, United States

NextGen Storage LLC is a hybrid-cloud consulting and vendor-sourcing services firm. NextGen’s cloud-integrated data storage and data management technologies, coupled with software-defined cloud-interconnect services, better positions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Congruity360 - Hardware Maintenance and Data Migration Assets

Pembroke, Massachusetts, United States

Congruity360's Hardware Maintenance and Data Migration Assets provide vendor-agnostic, IT Management services. Congruity360's Hardware Maintenance and Data Migration Assets are based in Pembroke, Massachusetts.

Sell -

Seller(S) 1

SELLER

McCarthy Capital

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

McCarthy Capital is a private equity firm that seeks to invest in mid-to-late-stage companies. The firm looks for companies with revenue of at least $10 million and $3 million in operating profits. McCarthy will consider companies across a broad range of industries possessing significant growth opportunities through participation in growing markets, market share expansion, industry consolidation or innovative business strategies. McCarthy prefers to invest in the range of $5 and $125 million, and will take a minority or majority ownership stake in companies where management has material capital at risk. McCarthy Capital was founded in 1986 and is based in Omaha, Nebraska.


DEAL STATS #
Overall 18 of 28
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 9 of 13
State: Massachusetts M&A 2 of 2
Country: United States M&A 18 of 28
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Signal

Omaha, Nebraska, United States

Signal is a franchisor that provides a full suite of services for residential, commercial, retail, and institutional customers. The security service offerings include mobile patrol, mobile and static guard, and virtual monitoring. Signal was founded in 2003 and is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 EPG

Phoenix, Arizona, United States

EPG offers interdisciplinary services including environmental planning and permitting, landscape architecture planning and design, biological and cultural resources, earth sciences, paleontology, public involvement, geographic information systems (GIS), and environmental mitigation and construction support. EPG was founded in 1999 and is based in Phoenix, Arizona.

Sell -