M&A Deal Summary

Movate Acquires Directly - OnDemand Business

On March 17, 2022, Movate acquired internet software and services company Directly - OnDemand Business from Directly

Acquisition Highlights
  • This is Movate’s 1st transaction in the Internet Software and Services sector.
  • This is Movate’s 1st transaction in the United States.
  • This is Movate’s 1st transaction in California.

M&A Deal Summary
Date 2022-03-17
Target Directly - OnDemand Business
Sector Internet Software and Services
Buyer(s) Movate
Sellers(s) Directly
Deal Type Divestiture

Target

Directly - OnDemand Business

San Francisco, California, United States
Directly's OnDemand Business is powered by multilingual capabilities, new-age technologies, and a flexible network of freelance product experts across over 60 countries. Directly's OnDemand Business is based in San Francisco, California.

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Buyer(S) 1

Buyer

Movate

Plano, Texas, United States
Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

Movate is a global technology consulting and support company. With more than 140 clients and 5500 professionals, Movate delivers on customers' need to transform technology-driven business processes. Movate’s mission is to have “100% reference-able customers”, and delivers services across technology support, remote infrastructure management, virtualization, and mobility from 13 locations globally. Movate was founded in 1996 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 TSD Global

Taguig, Philippines

TSD Global manages customer support and sales campaigns on behalf of some of the world's largest companies. TSD Global's comprehensive suite of services and deep BPO expertise have established a successful track record of creating efficient solutions to customers' needs resulting in high return on investment for clients and long-term client relationships. TSD Global was founded in 1989 and is based in Taguig, Philippines.

Buy -

Seller(S) 1

SELLER

Directly

San Francisco, California, United States
Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

Directly is a support automation platform that uses artificial intelligence to better understand customers and improve support operations. Directly has delivered millions of customer support experiences for companies like Microsoft, Airbnb, and Samsung. Directly was founded in 2011 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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