Add-on Acquisition • Information Technology

Accolite Digital Acquires TeamTek

On November 22, 2022, Accolite Digital acquired information technology company TeamTek

Acquisition Context
  • This is Accolite Digital’s 2nd transaction in the Information Technology sector.
  • This is Accolite Digital’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 22, 2022
Target TeamTek
Sector Information Technology
Buyer(s) Accolite Digital
Deal Type Add-on Acquisition
Advisor(s) TH Global Capital (Financial)

Target Company

TeamTek

London, United Kingdom
TeamTek is a digital and technology services company providing digital strategy and technology advisory, enterprise platform integration, DevOps, and Data Ops services to banking and financial services clients across Europe. TeamTek is based in London.
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Buyer Overview 1

Buyer

Accolite Digital

Addison, Texas, United States

Category Company
Founded 2007
Sector Information Technology
DESCRIPTION

Accolite Digital is a provider of cloud and digital product engineering services across the banking and financial services, technology, healthcare, communications and media, and logistics industries. Accolite helps its customers successfully navigate their digital transformation journeys by providing digital product engineering, cloud services, data engineering, DevOps, customer experience, and design services. Accolite Digital was founded in 2007 and is based in Addison, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Information Technology 2 of 2
Type: Add-on Acquisition 3 of 3
Country: United Kingdom 1 of 1
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Xerris

Calgary, Alberta, Canada

Xerris is a cloud technology services company providing custom cloud technology, microservices, application development, data, and AI expertise with partnerships across AWS, Azure, GCP, HashiCorp, and Snowflake. Xerris was founded in 2019 and is based in Calgary, Alberta.

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