M&A Deal Summary

Accolite Digital Acquires Xerris

On February 16, 2022, Accolite Digital acquired internet software and services company Xerris

Acquisition Highlights
  • This is Accolite Digital’s 1st transaction in the Internet Software and Services sector.
  • This is Accolite Digital’s 1st transaction in Canada.
  • This is Accolite Digital’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-02-16
Target Xerris
Sector Internet Software and Services
Buyer(s) Accolite Digital
Deal Type Add-on Acquisition

Target

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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Buyer(S) 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. Headquartered in Addison, Texas, 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. With over 1,600 professionals globally, Accolite has a presence across the United States, Canada, and Europe and has digital labs in Bangalore, Hyderabad, Gurugram, and Chennai.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Abyeti Technologies

Bengaluru, India

Abyeti Technologies is a provider of product engineering services to enterprise software product companies across multiple domains and technologies. Abyeti Technologies was founded in 2012 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 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.

Buy -
Mergr

Product

Company

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