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  5. Cannasoft Acquires Zigi Carmel Initiatives & Investments

M&A Deal Summary

Cannasoft Acquires Zigi Carmel Initiatives & Investments

On September 19, 2022, Cannasoft acquired business services company Zigi Carmel Initiatives & Investments for 28M USD

Acquisition Highlights
  • This is Cannasoft’s 1st transaction in the Business Services sector.
  • This is Cannasoft’s largest (disclosed) transaction.
  • This is Cannasoft’s 1st transaction in Israel.

M&A Deal Summary
Date 2022-09-19
Target Zigi Carmel Initiatives & Investments
Sector Business Services
Buyer(s) Cannasoft
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Zigi Carmel Initiatives & Investments

Israel
Zigi Carmel Initiatives & Investments owns the patent-pending intellectual property for a CBD-based therapeutic device combined with software designed to treat phenomena related to women's health issues by regulating the flow of low-concentration CBD oils into the soft tissues of the female reproductive system. Zigi Carmel Initiatives & Investments is based in Israel.

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Buyer(S) 1

Buyer

Cannasoft

Kiryat Motzkin, Israel
Category Company
Founded 2000
Sector Software
Employees6
Revenue 1M USD (2024)
DESCRIPTION

Cannasoft is a premier software company that provides customer relationship management (CRM) software that enables small and medium-sized enterprises (SMEs) to optimize day-to-day functions such as sales management, workforce management, contact center operations, and asset management. Cannasoft was founded in 2000 and is based in Kiryat Motzkin, Israel.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
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