M&A Deal Summary

ASG Technologies Acquires Mowbly

On March 7, 2018, ASG Technologies acquired software company Mowbly

Acquisition Highlights
  • This is ASG Technologies’ 4th transaction in the Software sector.
  • This is ASG Technologies’ 1st transaction in India.

M&A Deal Summary

Date 2018-03-07
Target Mowbly
Sector Software
Buyer(s) ASG Technologies
Deal Type Add-on Acquisition

Target

Mowbly

Hyderabad, India
CloudPact Software Technologies Pvt. Ltd. is a process mobility platform company. Mowbly also supports agile application development, wherein customers and partners can rapidly build web and mobile applications. CloudPact Software Technologies Pvt. Ltd. was established in 2011 and is based in Hyderabad, India.

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Buyer(S) 1

Buyer

ASG Technologies

Naples, Florida, United States

Category Company
Founded 1986
Sector Software
DESCRIPTION

ASG Technologies is an analyst-verified global software company providing the only integrated platform and flexible end-to-end solution for the information-powered enterprise. ASG’s Information Management solutions capture, manage, govern, and enable companies to understand and support all types of information assets (structured and unstructured) and stay compliant. ASG’s IT Systems Management solutions ensure that the systems and infrastructure supporting that information lifecycle are always available and performing as expected. ASG has over 3,500 customers worldwide in top vertical markets including Financial Services, Healthcare, Insurance, and Government. ASG Technologies was founded in 1986 and is based in Naples, Florida.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 NTRglobal

Barcelona, Spain

NTRglobal provides enterprise-grade, on-demand solutions for remote support, IT collaboration and IT administration. Worldwide some 12,000 enterprises of all sizes use NTR’s web services to support employees, customers and partners over the Internet.

Buy -