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M&A Deal Summary

Acuative Acquires TenFour

On March 2, 2022, Acuative acquired information technology company TenFour from NewSpring Capital

Acquisition Highlights
  • This is Acuative’s 2nd transaction in the Information Technology sector.
  • This is Acuative’s 2nd transaction in the United States.
  • This is Acuative’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-03-02
Target TenFour
Sector Information Technology
Buyer(s) Acuative
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

TenFour

Morristown, New Jersey, United States
TenFour operates the first IT network infrastructure utility, a model that is transforming the industry and positions IT organizations to drive their digital vision and prosper in today’s Digital Age. TenFour virtualizes all IT network infrastructures in the global enterprise beyond compute and storage—from routers, switches, and firewalls to phones, WiFi, cameras, and IoT devices. The Company is advancing new approaches to deliver and consume IT that drive business value, enhancing agility, reliability, performance, and security at lower cost. TenFour also provides transitional network monitoring, repair, and administration services to facilitate the evolution from traditional models to a virtualized infrastructure model. TenFour was founded in 1998 and is based in Morristown, New Jersey.

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Buyer(S) 1

Buyer

Acuative

Fairfield, New Jersey, United States
Category Company
Founded 1984
Sector Information Services
DESCRIPTION

Acuative Corp. is a global provider of technology solutions.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 Thrupoint

New York, New York, United States

Thrupoint, Inc. is a provider of IT/network consulting and professional services.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 79 of 92
Sector: Information Technology M&A 12 of 17
Type: Add-on Acquisition M&A Deals 43 of 52
State: New Jersey M&A 8 of 9
Country: United States M&A 78 of 91
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 Radius Global Market Research

New York, New York, United States

Radius is a custom research firm specializing in data and market research that enable brands to make more informed product development, advertising, and other strategic business decisions. Radius Global Market Research was founded in 1960 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Federal Donuts

Philadelphia, Pennsylvania, United States

Federal Donuts is a culinary pioneer in the fast-casual space with Donuts, Fried Chicken, and Coffee. Federal Donuts was founded in 2011 and is based in Philadelphia, Pennsylvania.

Buy -
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