M&A Deal Summary

Advantix Solutions Group Acquires TeraNova Global - Mobility Management Business

On August 15, 2018, Advantix Solutions Group acquired internet software and services company TeraNova Global - Mobility Management Business from TeraNova Global

Acquisition Highlights
  • This is Advantix Solutions Group’s 1st transaction in the Internet Software and Services sector.
  • This is Advantix Solutions Group’s 2nd transaction in the United States.
  • This is Advantix Solutions Group’s 1st transaction in California.

M&A Deal Summary

Date 2018-08-15
Target TeraNova Global - Mobility Management Business
Sector Internet Software and Services
Buyer(s) Advantix Solutions Group
Sellers(s) TeraNova Global
Deal Type Divestiture

Target

TeraNova Global - Mobility Management Business

San Diego, California, United States
TeraNova Global - Mobility Management Business is a mobility management service provider.

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Buyer(S) 1

Buyer

Advantix Solutions Group

Richardson, Texas, United States

Category Company
Sector Information Technology
DESCRIPTION

Advantix Solutions Group, Inc. is a provider of expense management solutions for both wireline and wireless communication.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 The BlueKloud Co.

United States

The BlueKloud Co., Inc. is an Internet of Things (IoT) technology company.

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Seller(S) 1

SELLER

TeraNova Global

San Diego, California, United States

Category Company
Founded 2007
Sector Communications
DESCRIPTION

TeraNova Global is an enterprise mobility management (EMM) company that helps businesses evaluate, implement, optimize and manage wireless technology solutions. TeraNova Global was founded in 2007 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1