M&A Deal Summary

Synoptek Acquires Pay Per Cloud

On February 9, 2015, Synoptek acquired internet software and services company Pay Per Cloud

Acquisition Highlights
  • This is Synoptek’s 1st transaction in the Internet Software and Services sector.
  • This is Synoptek’s 3rd transaction in the United States.
  • This is Synoptek’s 2nd transaction in California.

M&A Deal Summary

Date 2015-02-09
Target Pay Per Cloud
Sector Internet Software and Services
Buyer(s) Synoptek
Deal Type Add-on Acquisition
Advisor(s) Bank Street (Financial)

Target

Pay Per Cloud

Roseville, California, United States
Pay Per Cloud, Inc. is a full service cloud hosting company. Pay Per Cloud (PPC) specializes in creating high-availability cloud solutions and provides comprehensive managed IT services.

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Buyer(S) 1

Buyer

Synoptek

Irvine, California, United States

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Synoptek provides information technology management services and support to organizations worldwide. The company offers solutions to manage and operate IT infrastructure using their advanced IT service management (ITSM) capabilities, automated toolsets, and skilled technologists. Synoptek was formed in 2001 and is based in Irvine, California.


DEAL STATS #
Overall 3 of 10
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 6
State: California M&A 2 of 3
Country: United States M&A 3 of 10
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-23 Rocket SCIENCE Consulting

San Francisco, California, United States

Rocket SCIENCE Consulting Corp. is a provider of information technology services, website design and development.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 EarthLink - IT Services Business

Atlanta, Georgia, United States

EarthLink - IT Services Business is an IT consulting and managed services provider.

Buy -