Divestiture • Software

66degrees Acquires Qwinix Technologies

On May 25, 2021, 66degrees acquired software company Qwinix Technologies from AMG National

Acquisition Context
  • This is 66degrees’ 1st transaction in the Software sector.
  • This is 66degrees’ 1st transaction in the United States.
  • This is 66degrees’ 1st transaction in Colorado.

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M&A Deal Summary

Date May 25, 2021
Target Qwinix Technologies
Sector Software
Buyer(s) 66degrees
Sellers(s) AMG National
Deal Type Divestiture

Target Company

Qwinix Technologies

Centennial, Colorado, United States
Qwinix Technologies, Inc. is an application development and software solutions provider. Qwinix Technologies is based in Centennial, Colorado.
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Buyer Overview 1

Buyer

66degrees

Chicago, Illinois, United States

Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

66degrees provide services for both Google Cloud Platform and Google Workspace across clients’ cloud lifecycle, including Cloud Optimization, Professional Services, Support and Google Workspace License management. 66degrees was founded in 2010 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 1 of 2
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 2
Year: 2021 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-25 Pandera Systems

Clearwater, Florida, United States

Pandera Systems is a global analytics and technology provider with a primary focus on developing innovative data solutions leveraging the advanced capabilities of the cloud. Pandera engineers, data scientists, and technologists build and run leading-edge technology solutions by leveraging cloud, design thinking, data, and analytics through collaborative relationships with its partners and customers. Pandera Systems is based in Clearwater, Florida.

Buy -

Seller Profile 1

SELLER

AMG National

Englewood, Colorado, United States

Category Company
Sector Financial Services
DESCRIPTION

AMG National Corp. is a financial services holding company that wholly owns AMG National Trust Bank. AMG National Trust Bank is an innovative, independent commercial bank and wealth management firm that leverages broad financial services to tailor solutions to clients and help them create their masterpieces.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Qwinix Technologies

Centennial, Colorado, United States

Qwinix Technologies, Inc. is an application development and software solutions provider. Qwinix Technologies is based in Centennial, Colorado.

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