M&A Deal Summary

Apse Capital Acquires Ultima Business Solutions

On August 1, 2019, private equity firm Apse Capital acquired information technology company Ultima Business Solutions from Pegasystems

Acquisition Highlights
  • This is Apse Capital’s 1st transaction in the Information Technology sector.
  • This is Apse Capital’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-08-01
Target Ultima Business Solutions
Sector Information Technology
Buyer(s) Apse Capital
Sellers(s) Pegasystems
Deal Type Divestiture
Advisor(s) Lincoln International (Financial)
Broadfield Law (Legal)

Target

Ultima Business Solutions

Reading, United Kingdom
Ultima Business Solutions is a digital transformation specialist, offering end-to-end tailored IT solutions, leveraging its deep infrastructure, professional and managed services capabilities. Ultima Business Solutions was formed in 1990 and is based in Reading, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Apse Capital is a private equity firm spun out of investment firm GMT. Apse Capital is based in London.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Kallidus

London , United Kingdom

Kallidus is a human capital management and e-learning software as a service (SaaS) provider. The Company has amassed an enviable blue-chip customer base, across a range of sectors, by enabling companies to maximize their talent pool through continual development of employees and effective learning to improve performance. Kallidus is based in London, United Kingdom.

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Seller(S) 1

SELLER

Pegasystems

Cambridge, Massachusetts, United States

Category Company
Founded 1983
Sector Software
Employees5,443
Revenue 1.5B USD (2024)
DESCRIPTION

Pegasystems is a developer of software application services. Pegasystems was founded in 1983 and is based in Cambridge, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 InTheChat Communications

Waterloo, Ontario, Canada

InTheChat Communications, Inc. (ITC) is an enterprise-grade digital customer service platform provider that unifies text messaging, social media, live chat, email, messengers, and chatbots into a seamless conversation with customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Qurious.io

San Francisco, California, United States

Qurious.io, Inc. is a cloud-based real-time speech analytics solution powered by artificial intelligence (AI) for customer service teams. Qurious.io's software-as-a-service (SaaS) offering uses speech-to-text, natural language processing (NLP), and emotion detection capabilities to analyze the dialog within each customer service call as it happens. Qurious.io is based in San Francisco, California.

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