M&A Deal Summary

3Pillar Global Acquires Chenoa Information Services

On September 6, 2023, 3Pillar Global acquired software company Chenoa Information Services

Acquisition Highlights
  • This is 3Pillar Global’s 4th transaction in the Software sector.
  • This is 3Pillar Global’s 6th transaction in the United States.
  • This is 3Pillar Global’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2023-09-06
Target Chenoa Information Services
Sector Software
Buyer(s) 3Pillar Global
Deal Type Add-on Acquisition
Advisor(s) Avendus Capital Pvt. Ltd. (Financial)

Target

Chenoa Information Services

Berkeley Heights, New Jersey, United States
Chenoa Information Services is a fintech company specializing in providing innovative technological solutions for the financial services industry. Chenoa Information Services is based in Berkeley Heights, New Jersey.

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Buyer(S) 1

Buyer

3Pillar Global

Fairfax, Virginia, United States

Category Company
Founded 2006
Sector Software
DESCRIPTION

3Pillar Global is an outsourced provider of software product development and design services for customer-facing, revenue-generating applications. The Company provides “Product Development as a Service” to industry-leading enterprise logos including Carfax, Fortune, and PBS. 3Pillar Global was founded in 2006 and is based in Fairfax, Virginia.


DEAL STATS #
Overall 8 of 8
Sector (Software) 4 of 4
Type (Add-on Acquisition) 8 of 8
State (New Jersey) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Jonah Group

Toronto, Ontario, Canada

Jonah Group is a software development firm that specializes in the design, build, implementation, and management of custom software applications for enterprises under pressure to evolve. Jonah's proprietary software development methodology, Lightwave, is a set of processes, recipes, tools, and best practices that help deliver software efficiently and with low risk while giving their clients an excellent experience. The company's attitude toward inhabiting customer goals and expressing them fully within digital products sets them apart from its competitors. It boasts an impressive list of clients ranging from Canada's blue-chip institutional investors and other premier financial institutions to some of the largest health care and health care insurance providers. Jonah Group was formed in 2001 and is headquartered in Toronto, Canada.

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