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M&A Deal Summary

Amdocs Acquires Sourced

On May 12, 2021, Amdocs acquired information technology company Sourced for 75M USD

Acquisition Highlights
  • This is Amdocs’ 11th transaction in the Information Technology sector.
  • This is Amdocs’ 9th largest (disclosed) transaction.
  • This is Amdocs’ 4th transaction in Canada.
  • This is Amdocs’ 4th transaction in Ontario.

M&A Deal Summary
Date 2021-05-12
Target Sourced
Sector Information Technology
Buyer(s) Amdocs
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Sourced

Toronto, Ontario, Canada
Sourced is a global technology consultancy specializing in large-scale cloud transformations for sophisticated, high-end enterprises in industries such as financial services, communications, and others. Sourced was founded in 2010 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Amdocs

Saint Louis, Missouri, United States
Category Company
Founded 1982
Sector Software
Employees29,058
Revenue 5.0B USD (2024)
DESCRIPTION
Amdocs office in St. Louis, Missouri.
Amdocs office in St. Louis, Missouri.

Amdocs provides software and services for communications, media, and entertainment industry service providers worldwide. It develops, implements, and manages software and services associated with business and operational support systems to enable service providers to introduce new products and process orders, as well as to support new business models. Amdocs was incorporated in 1982 and is based in Saint Louis, Missouri.

DEAL STATS #
Overall 25 of 25
Sector: Information Technology M&A 11 of 11
Type: Add-on Acquisition M&A Deals 22 of 22
State: Ontario M&A 4 of 4
Country: Canada M&A 4 of 4
Year: 2021 M&A 1 of 1
Size (of disclosed) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 OpenMarket

Seattle, Washington, United States

OpenMarket is a provider of mobile engagement solutions helping enterprises conduct SMS, MMS, OTT and RCS-based Application-to-Person (A2P) customer communication at scale. OpenMarket is based in Seattle, Washington.

Sell $300M
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