M&A Deal Summary

AST Acquires CTR

On January 9, 2023, AST acquired information technology company CTR

Acquisition Highlights
  • This is AST’s 2nd transaction in the Information Technology sector.
  • This is AST’s 2nd transaction in the United States.
  • This is AST’s 2nd transaction in California.

M&A Deal Summary

Date 2023-01-09
Target CTR
Sector Information Technology
Buyer(s) AST
Deal Type Add-on Acquisition

Target

CTR

Irvine, California, United States
CTR is a provider of configuring custom Oracle solutions for enterprise customers. CTR uses proven solutions to resolve challenges and positively transform businesses. Built on the model of commitment, trust, and reliability, CTR is a Platinum Partner of Oracle and in the partnership networks of Amazon Web Services and Tableau. CTR was founded in 1998 and is based in Irvine, California.

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Buyer(S) 1

Buyer

AST

Lisle, Illinois, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

AST is a full-service enterprise systems integrator, serving clients in the public and commercial sectors for more than two decades. Clients look to AST for leadership and assistance in systems integration, business process redesign, project management, systems administration, and training. From on-premise applications to modern cloud technology, the company's services encompass all aspects of Enterprise Resource Planning, Business Intelligence, Enterprise Performance Management, Customer Experience, and Middleware. It also offers flexible Managed Services, supporting the needs of over 200 Public Sector and Commercial customers around the globe. AST was formed in 1995 and is based in Lisle, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Serene

Santa Clara, California, United States

Serene Corp. is an systems integration company and consulting firm that specializes in the implementation of business applications, including CRM, MDM, EAI, BI, and SaaS. As an Oracle Gold Partner, Serene provides a full range of IT services, customized to meet the needs and business objectives of clients in industries including High Technology, Health Sciences, Engineering & Construction and Financial Services.

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