M&A Deal Summary

Ionic Partners Acquires Sparkrock 365

On June 23, 2022, Ionic Partners acquired internet software and services company Sparkrock 365

Acquisition Highlights
  • This is Ionic Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Ionic Partners’ 1st transaction in the United States.
  • This is Ionic Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-06-23
Target Sparkrock 365
Sector Internet Software and Services
Buyer(s) Ionic Partners
Deal Type Add-on Acquisition

Target

Sparkrock 365

Chicago, Illinois, United States
website
Sparkrock 365 is a cloud-based solution that is purpose-built to support the needs of school districts, non-profits, and publicly-funded social impact organizations with a robust, highly-secure, all-in-one back-end infrastructure. Sparkrock 365 was founded in 2003 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Ionic Partners

Austin, Texas, United States

website


Category Company
Founded 2020
SectorSoftware
DESCRIPTION

Ionic Partners is an enterprise software platform focused on 2nd Chasm businesses with strong core products and recurring revenue. Ionic creates extraordinary value through a product-led thesis, leveraging a cloud-first global workforce, building elastic infrastructure, and infusing world-class operating best practices into the daily workflow of their companies. Ionic Partners was founded in 2020 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1