M&A Deal Summary

EPAM Systems Acquires Dextrys

On June 22, 2016, EPAM Systems acquired software company Dextrys from Francisco Partners

Acquisition Highlights
  • This is EPAM Systems’ 7th transaction in the Software sector.
  • This is EPAM Systems’ 7th transaction in the United States.
  • This is EPAM Systems’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2016-06-22
Target Dextrys
Sector Software
Buyer(s) EPAM Systems
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition

Target

Dextrys

Newburyport, Massachusetts, United States
Dextrys, Inc. is a provider of software services through a comprehensive global delivery model that combines world-class, industry-certified offshore development centers (ODCs) in Suzhou and Shanghai, China, with superior onsite project management, architecture and business development capabilities.

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Buyer(S) 1

Buyer

EPAM Systems

Newtown, Pennsylvania, United States

Category Company
Founded 1993
Sector Software
Employees53,150
Revenue 4.7B USD (2023)
DESCRIPTION

EPAM Systems is a provider of digital engineering, cloud, and AI-enabled transformation services, as well as a business and experience consulting partner for global enterprises and ambitious startups. EPAM Systems was incorporated in 1993 and is based in Newtown, Pennsylvania.


DEAL STATS #
Overall 11 of 28
Sector (Software) 7 of 9
Type (Add-on Acquisition) 11 of 28
State (Massachusetts) 2 of 5
Country (United States) 7 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Alliance Global Services

Conshohocken, Pennsylvania, United States

Alliance Global Services LLC is a software product development services and test automation solutions firm. Alliance Global Services offers software design, development and quality management services and works with clients in Life Science and Healthcare, Insurance, Information and Media, and Software and High Tech verticals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Continuum

West Newton, Massachusetts, United States

Continuum LLC is a provider of fully integrated managed IT services, allowing its Managed Services Provider (MSP) partners to maintain both on premise and cloud-based servers, desktops and other endpoints for small-and-medium-sized businesses.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 39 of 81
Sector (Software) 14 of 28
Type (Add-on Acquisition) 25 of 49
State (Massachusetts) 1 of 4
Country (United States) 30 of 67
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Dell Software Group

Aliso Viejo, California, United States

Dell Software’s portfolio of solutions span a number of areas critical to the modern business and IT management landscape, including advanced analytics, database management, data protection, endpoint systems management, identity and access management, Microsoft platform management, network security, and performance monitoring. With Dell Software solutions, organizations of all sizes can secure, manage, monitor, protect, and analyze information and infrastructure in order to help fuel innovation and drive their businesses forward.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 SonicWALL

San Jose, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity.

Buy -