M&A Deal Summary

Resolve Systems Acquires FixStream Networks

On August 20, 2019, Resolve Systems acquired information technology company FixStream Networks from Tech Mahindra for 24M USD

Acquisition Highlights
  • This is Resolve Systems’ 1st transaction in the Information Technology sector.
  • This is Resolve Systems’ largest (disclosed) transaction.
  • This is Resolve Systems’ 1st transaction in the United States.
  • This is Resolve Systems’ 1st transaction in California.

M&A Deal Summary
Date 2019-08-20
Target FixStream Networks
Sector Information Technology
Buyer(s) Resolve Systems
Sellers(s) Tech Mahindra
Deal Type Divestiture
Deal Value 24M USD

Target

FixStream Networks

San Jose, California, United States
website
FixStream Networks, Inc. is a unified platform will handle a wide array of IT operations from AI-driven infrastructure mapping, operational data correlation, and predictive analytics to intelligently automating cross-domain actions based on those findings. FixStream Networks is based in San Jose, California.

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Buyer(S) 1

Buyer

Resolve Systems

Irvine, California, United States

website

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Resolve Systems is an IT process automation software company that places human ingenuity at the forefront of workplace advancement. Resolve evolved significantly from its ITPA origins into the leading incident response and resolution software platform supporting the network, IT and security operations environments of leading Fortune 500 enterprises throughout the world. Resolve Systems was founded in 2000 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Ayehu

San Jose, California, United States

Ayehu provides an Intelligent automation and orchestration platform purpose-built for IT Operations and ITSM organizations looking to automate manual processes. Ayehu was founded in 2007 and is based in San Jose, California.

Buy -

Seller(S) 1

SELLER

Tech Mahindra

Pune, India

website

Category Company
Founded 1986
Sector Information Technology
Employees125,236
Revenue 446.5B INR (2022)
DESCRIPTION

Tech Mahindra is an entity which provides information technology services and solutions in India, the Americas, Europe, and internationally. Tech Mahindra was founded in 1986 and is based in Pune, India.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Mad*Pow

Portsmouth, New Hampshire, United States

Mad*Pow is a design agency that improves the experiences people have with technology, organizations, and each other. Using human-centered design, Mad*Pow creates strong multi-channel experience strategies, intuitive digital experiences and streamlined processes for its clients. Mad*Pow has partnered with industry leaders including Cigna, ESPN, Pearson, adidas, John Hancock, Microsoft, and Google. Mad*Pow was founded in 2000 and is based in Portsmouth, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 BORN Group

New York, New York, United States

BORN Group is a digital agency with a core focus on creative, content and commerce. BORN Group provides a holistic suite of market-leading services, from large-scale image production to bespoke content experiences and innovative eCommerce solutions. BORN Group was founded in 2001 and is based in New York City.

Buy -
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