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M&A Deal Summary

Advania Acquires Cloudio

On November 2, 2022, Advania acquired information technology company Cloudio from Xoriant

Acquisition Highlights
  • This is Advania’s 12th transaction in the Information Technology sector.
  • This is Advania’s 3rd transaction in Denmark.

M&A Deal Summary
Date 2022-11-02
Target Cloudio
Sector Information Technology
Buyer(s) Advania
Sellers(s) Xoriant
Deal Type Divestiture

Target

Cloudio

Vanløse, Denmark
Cloudio is an enterprise-grade solution provider in the areas of IoT, supplier collaboration, and financial statement analysis. Cloudio is based in Vanløse, Denmark.

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Buyer(S) 1

Buyer

Advania

Stockholm, Sweden
Category Company
Sector Software
Employees3,956
DESCRIPTION

Advania is a provider of software, consulting, hardware, information technology operations, hosting, and data center services. The company specializes in providing customers with a diverse but integrated range of solutions and services, a competent and innovative professional staff, and proven managerial skills. Advania is based in Stockholm, Sweden.

DEAL STATS #
Overall 16 of 21
Sector (Information Technology) 12 of 16
Type (Divestiture) 3 of 3
Country (Denmark) 3 of 3
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 3 Step IT Group Oy - Front End Services

Helsinki, Finland

3 Step IT Group Oy - Front End Services comprises warehouse management, configuration, installation, delivery, and ordering.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 RTS

Stockholm, Sweden

RTS is an advisory partner with expertise in IT infrastructure and digitalization. With deep expertise in innovative technology and strategic partnerships with leading IT vendors, it enables companies and organizations to succeed in their digital transformation. The company's comprehensive offering in IT infrastructure consists of four business units: RTS Professional Services, RTS Solutions, RTS Technology Platforms, and RTS Cloud. RTS is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

Xoriant

Sunnyvale, California, United States
Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

Xoriant is a digital product engineering, software development, and technology services firm that delivers innovative solutions, accelerating time to market and ensuring client's competitiveness in industries like BFSI, high tech, healthcare, pharma, industrial manufacturing, retail, telecommunications, and automotive. Across all its technology focus areas – digital product engineering, DevOps, cloud, infrastructure and security, big data and analytics, data engineering, management, and governance, and IoT – every solution the company develops benefits from the product engineering pedigree. Xoriant was formed in 1990 and is based in Sunnyvale, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Denmark) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Arth Systems

Redmond, Washington, United States

Arth Systems is a professional services company and a systems integrator, enabling mid-market businesses to improve productivity and streamline IT operations through the integration of Microsoft cloud technology in the high technology, retail, and healthcare sectors. Arth Systems was founded in 2008 and is based in Redmond, Washington.

Buy -
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