M&A Deal Summary

Avionte Acquires AkkenCloud

On August 22, 2024, Avionte acquired software company AkkenCloud

Acquisition Highlights
  • This is Avionte’s 3rd transaction in the Software sector.
  • This is Avionte’s 6th transaction in the United States.
  • This is Avionte’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2024-08-22
Target AkkenCloud
Sector Software
Buyer(s) Avionte
Deal Type Add-on Acquisition

Target

AkkenCloud

Nashua, New Hampshire, United States
AkkenCloud specializes in providing comprehensive staffing and recruiting software solutions. AkkenCloud’s platform offers tools for managing front-office, middle-office, and back-office operations, tailored to enhance efficiency in the staffing and recruiting industry. AkkenCloud is based in Nashua, New Hampshire.

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Buyer(S) 1

Buyer

Avionte

Bloomington, Minnesota, United States
Category Company
Founded 2005
Sector Staffing
DESCRIPTION
Avionte's corporate headquarters in Eagan, Minnesota.
Avionte's corporate headquarters in Eagan, Minnesota.

Avionté is a provider of staffing and recruiting technology solutions for the human resources industry. Avionté delivers a fully integrated front and back office staffing software solution, including advanced reporting, compliance management and a large community of integration solution partners. Avionte was founded in 2005 and is based in Bloomington, Minnesota.

DEAL STATS #
Overall 6 of 6
Sector (Software) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (New Hampshire) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 SimpleVMS

Cincinnati, Ohio, United States

SimpleVMS is a vendor-neutral vendor management system (VMS) developed by staffing industry professionals to enhance the relationships between clients and their staffing partners. SimpleVMS was founded in 2009 and is based in Cincinnati, Ohio.

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