M&A Deal Summary

New Work Acquires Prescreen

On July 10, 2017, New Work acquired internet software and services company Prescreen for 17M EUR

Acquisition Highlights
  • This is New Work’s 5th transaction in the Internet Software and Services sector.
  • This is New Work’s largest (disclosed) transaction.
  • This is New Work’s 2nd transaction in Austria.

M&A Deal Summary
Date 2017-07-10
Target Prescreen
Sector Internet Software and Services
Buyer(s) New Work
Deal Type Add-on Acquisition
Deal Value 17M EUR

Target

Prescreen

Vienna, Austria
website
Prescreen GmbH is a provider of the Prescreen candidate management system. Prescreen GmbH was founded in 2011 and is based in Vienna, Austria.

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Buyer(S) 1

Buyer

New Work

Hamburg, Germany

website

Category Company
Founded 2003
Sector Software
Employees1,894
Revenue 313M EUR (2022)
DESCRIPTION

New Work is a social software platform for enabling a small-world network for professionals. New Work was established in 2003 and is based in Hamburg, Germany.

DEAL STATS #
Overall 6 of 7
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 6 of 7
Country (Austria) 2 of 2
Year (2017) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 BuddyBroker AG

Zurich, Switzerland

BuddyBroker AG is a developer of innovative and intuitive recruiting solutions.

Buy €7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-13 InterNations

Munich, Germany

InterNations GmbH is an online community for people who live and work abroad. InterNations offers expats a variety of ways to connect and exchange with other members who are in the same situation and have similar needs. InterNations GmbH was founded in 2007 and is based in Munich, Germany.

Buy €10M
Mergr

Product

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