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M&A Deal Summary

Alfresco Software Acquires Technology Services Group

On March 17, 2020, Alfresco Software acquired software company Technology Services Group

Acquisition Highlights
  • This is Alfresco Software’s 2nd transaction in the Software sector.
  • This is Alfresco Software’s 1st transaction in the United States.
  • This is Alfresco Software’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-03-17
Target Technology Services Group
Sector Software
Buyer(s) Alfresco Software
Deal Type Add-on Acquisition
Advisor(s) Sikich (Financial)

Target

Technology Services Group

Chicago, Illinois, United States
Technology Services Group, Inc. is an enterprise content management software and services firm. TSG provides no-code interfaces for case management, annotation, as well as additional massive scale options that leverage NoSQL approaches. Technology Services Group was founded in 1996 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Alfresco Software

Wellesley, Massachusetts, United States
Category Company
Founded 2005
Sector Software
DESCRIPTION

Alfresco Software, Inc. is an enterprise open-source software company focused on making business flow quickly, seamlessly, and intelligently, by driving the convergence of enterprise content management and business process management. Alfresco Software was founded in 2005 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 pernexas

Bad Aibling, Germany

pernexas GmbH is a provider of connectors for seamlessly integrating the Alfresco Digital Business Platform with SAP NetWeaver, SAP S/4 HANA, and SAP Fiori.

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