M&A Deal Summary

Apps Associates Acquires Emtec - Oracle Services Division

On July 25, 2023, Apps Associates acquired internet software and services company Emtec - Oracle Services Division from Emtec

Acquisition Highlights
  • This is Apps Associates’ 1st transaction in the Internet Software and Services sector.
  • This is Apps Associates’ 4th transaction in the United States.
  • This is Apps Associates’ 1st transaction in Florida.

M&A Deal Summary

Date 2023-07-25
Target Emtec - Oracle Services Division
Sector Internet Software and Services
Buyer(s) Apps Associates
Sellers(s) Emtec
Deal Type Divestiture

Target

Emtec - Oracle Services Division

Jacksonville, Florida, United States
Emtec's Oracle Services Division provides oracle cloud solutions,

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Buyer(S) 1

Buyer

Apps Associates

Acton, Massachusetts, United States

Category Company
Founded 2002
Sector Information Technology
Employees800
DESCRIPTION

Apps Associates is a global IT and business services organization that provides solutions for Cloud, Analytics, and Integration. Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing, and maintaining complex ERP, business intelligence, and cloud applications. Apps Associates was founded in 2002 and is based in Acton, Massachusetts.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 Forcivity

Manchester, New Hampshire, United States

Forcivity is a full-service Salesforce, ServiceMax, and IFS consultancy and system integrator, on a mission to revolutionize what customer service means. They are dedicated to helping businesses digitally transform their service operations, leveraging technology to create impactful change and improve customer and employee experiences. Forcivity was formed in 2015 and is based in Manchester, New Hampshire.

Buy -

Seller(S) 1

SELLER

Emtec

Jacksonville, Florida, United States

Category Company
Founded 1964
Sector Information Technology
Employees733
Revenue 224M USD (2012)
DESCRIPTION

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.


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: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Definition 6

Atlanta, Georgia, United States

Definition 6 is a unified marketing agency that creates brand experiences that unite brands and people in motion. Definition 6 was founded in 1997 and is based in Atlanta, Georgia.

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