M&A Deal Summary

Arctiq and rSolutions Acquire Arctiq

On November 30, 2023, Arctiq and rSolutions acquired information technology company Arctiq

Acquisition Highlights
  • This is Arctiq’s 1st and rSolutions’ 1st transaction in the Information Technology sector.
  • This is Arctiq’s 1st and rSolutions’ 1st transaction in Canada.
  • This is Arctiq’s 1st and rSolutions’ 1st transaction in Ontario.

M&A Deal Summary

Date 2023-11-30
Target Arctiq
Sector Information Technology
Buyer(s) Arctiq
rSolutions
Deal Type Add-on Acquisition

Target

Arctiq

Toronto, Ontario, Canada
Arctiq is a cloud, DevOps, and automation solution Integrator that empowers clients to achieve high-velocity innovation with emerging technologies that cater to their unique needs and challenges. Arctiq was formed in 2003 and is based in Toronto, Ontario.

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Buyer(S) 2

Buyer

Arctiq

Brentwood, Tennessee, United States

Category Company
Sector Information Technology
DESCRIPTION

Arctiq is a professional IT services, cybersecurity, and risk management organization that delivers cost-effective consulting, end-to-end IT solutions, managed services, and product sales. The company serves state and local governments, educational institutions, healthcare organizations, and enterprise clients across major IT markets nationwide. Arctiq is based in Brentwood, Tennessee.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Summit Partners

Las Vegas, Nevada, United States

Summit Partners is a full-service IT consulting firm dedicated to helping our clients improve business processes, strengthen IT organizations, and improve bottom-line performance. Summit Partners is based in Las Vegas, Nevada.

Buy -
Buyer

rSolutions

Regina, Saskatchewan, Canada

Category Company
Sector Information Technology
DESCRIPTION

rSolutions manages cybersecurity services for a Canadian Big 5 Bank, a Big 3 Canadian Insurer, Telcos, Biomedical research companies, national service companies, and more from its two solely owned and operated Security Operations Centres (SOCs). Its SOC offers fully managed security services including fully managed security information & event monitoring (SIEM) services and security monitoring services. The company includes both technical and business expertise within its consulting practice; offering Professional Services with a highly-skilled and experienced team available to consult and provide feedback in part or as a dedicated resource as part of a project. rSolutions is based in Regina, Saskatchewan.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1