M&A Deal Summary

Ascendum Solutions Acquires Sourcebits

On February 15, 2017, Ascendum Solutions acquired software company Sourcebits from Globo

Acquisition Highlights
  • This is Ascendum Solutions’ 1st transaction in the Software sector.
  • This is Ascendum Solutions’ 1st transaction in the United States.
  • This is Ascendum Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2017-02-15
Target Sourcebits
Sector Software
Buyer(s) Ascendum Solutions
Sellers(s) Globo
Deal Type Divestiture

Target

Sourcebits

San Francisco, California, United States
Sourcebits, Inc. is a developer of web and desktop apps for iOS, Android, BlackBerry, Symbian and Windows platforms. More than 30 of these apps have been in the top ten positions in app marketplaces such as iTunes.

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Buyer(S) 1

Buyer

Ascendum Solutions

Blue Ash, Ohio, United States

Category Company
Sector Information Technology
DESCRIPTION

Ascendum Solutions is a provider of an innovative technology solutions, consulting and knowledge processing solutions.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Globo

Tonbridge, United Kingdom

Category Company
Founded 1997
Sector Software
Revenue 106M EUR (2014)
DESCRIPTION

Globo plc is a global provider of complete enterprise mobility solutions and SaaS. Our GO!Enterprise (EMM) and GO!AppZone (MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in US, UK, Europe, Middle East and South East Asia. Globo was recognized in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Sourcebits

San Francisco, California, United States

Sourcebits, Inc. is a developer of web and desktop apps for iOS, Android, BlackBerry, Symbian and Windows platforms. More than 30 of these apps have been in the top ten positions in app marketplaces such as iTunes.

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