Add-on Acquisition • Information Technology

Techedge Group Acquires Sturnis365

On April 29, 2019, Techedge Group acquired information technology company Sturnis365

Acquisition Context
  • This is Techedge Group’s 2nd transaction in the Information Technology sector.
  • This is Techedge Group’s 1st transaction in Italy.
Investment Fate
  • Sturnis365 was divested to a consortium of strategic buyers in 2022.

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M&A Deal Summary

Date April 29, 2019
Target Sturnis365
Sector Information Technology
Buyer(s) Techedge Group
Deal Type Add-on Acquisition

Target Company

Sturnis365

Milan, Italy
Sturnis365 provides full end-user collaborative creation, publication, and disclosure of corporate information, including annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting, and procurement and tax disclosures. Its unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize the overall cost of ownership. Sturnis365 was founded in 2017 and is based in Milan, Italy.
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Buyer Overview 1

Buyer

Techedge Group

Milano, Italy

Category Company
Founded 2003
Sector Information Technology
Employees1,700
DESCRIPTION

Techedge Group mission is to help organizations evolve into true digital companies through short iterative cycles of business-driven innovation. Techedge provides business solutions & services that combine business advisory, technology expertise and premium delivery capabilities, with a lean, trust-based approach. With nearly 1,700 professionals worldwide, Techedge offers clients the scalability of a global provider, the flexibility of a local partner, and the competence of a strategic, trusted advisor.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 2 of 2
Country: Italy 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 NIMBL

Denver, Colorado, United States

NIMBL LLC is a premium boutique specialized in the development and advisory of business solutions based on Cloud Technology and one of the few SAP S/4HANA® Cloud lighthouse partners worldwide. NIMBL collaborates with some of the most known brands, including names such as Dole Packaged Foods North America & Europe, Cintas, Ariat International and Hunter Douglas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Sturnis365

Milan, Italy

Sturnis365 provides full end-user collaborative creation, publication, and disclosure of corporate information, including annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting, and procurement and tax disclosures. Its unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize the overall cost of ownership. Sturnis365 was founded in 2017 and is based in Milan, Italy.

Sell -