M&A Deal Summary

Aras Acquires SofTech Srl

On August 2, 2018, Aras acquired software company SofTech Srl from SofTech

Acquisition Highlights
  • This is Aras’ 1st transaction in the Software sector.
  • This is Aras’ 1st transaction in Italy.

M&A Deal Summary

Date 2018-08-02
Target SofTech Srl
Sector Software
Buyer(s) Aras
Sellers(s) SofTech
Deal Type Divestiture

Target

SofTech Srl

Legnano, Italy
SofTech Srl is a provider of product life cycle management (PLM) software solutions. SofTech is based in Legnano, Italy.

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Buyer(S) 1

Buyer

Aras

Andover, Massachusetts, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Aras is a provider of enterprise open source technology with an advanced model-based service-oriented architecture to deliver a highly scalable, flexible, and secure PLM solution suite. Aras was founded in 2000 and is based in Andover, Massachusetts.


DEAL STATS #
Overall 1 of 2
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2018 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Comet Solutions

Cincinnati, Ohio, United States

Comet Solutions, Inc. is a provider of software and services that simplify the complex process of engineering product systems.

Buy -

Seller(S) 1

SELLER

SofTech

Lowell, Massachusetts, United States

Category Company
Founded 1969
Sector Software
Employees25
Revenue 4M USD (2016)
DESCRIPTION

SofTech is a provider of enterprise technology solutions and consultancy services proven to optimize performance and deliver measureable business results. SofTech's Computer Aided Design (CAD) Connectors and Product Lifecycle Management (PLM) software solutions are designed with knowledge of the critical challenges faced by companies today and help our clients create innovative products. SofTech was founded in 1969 and is based in Lowell, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 SofTech - PLM Product Line

Lowell, Massachusetts, United States

SofTech, Inc. - PLM Product Line e PLM product line provides engineering technological services business.

Sell $1M