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  6. CGI Acquires Paragon Solutions

M&A Deal Summary

CGI Acquires Paragon Solutions

On December 7, 2017, CGI acquired business services company Paragon Solutions from Forsythe Solutions Group

Acquisition Highlights
  • This is CGI’s 1st transaction in the Business Services sector.
  • This is CGI’s 5th transaction in the United States.
  • This is CGI’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-12-07
Target Paragon Solutions
Sector Business Services
Buyer(s) CGI
Sellers(s) Forsythe Solutions Group
Deal Type Add-on Acquisition

Target

Paragon Solutions

Cranford, New Jersey, United States
Paragon Solutions, Inc. is a provider of an advisory consulting and systems integration services in the United States. Paragon Solutions is based in Cranford, New Jersey.

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Buyer(S) 1

Buyer

CGI

Montreal, Quebec, Canada
Category Company
Founded 1976
Sector Information Technology
Employees93,000
Revenue 14.7B CAD (2024)
DESCRIPTION

CGI is an independent IT and business consulting services firm. CGI was incorporated in 1976 and is based in Montreal, Quebec.

DEAL STATS #
Overall 5 of 29
Sector: Business Services M&A 1 of 7
Type: Add-on Acquisition M&A Deals 5 of 26
State: New Jersey M&A 1 of 1
Country: United States M&A 5 of 12
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 Summa Technologies

Pittsburgh, Pennsylvania, United States

Summa Technologies is an IT consultancy with expertise in digital experience and agile software development. Summa Technologies was established in 1996 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Facilité Informatique

Montreal, Quebec, Canada

Facilité Informatique is an IT consulting services firm with a strong local presence in Montréal and Québec City.

Buy -

Seller(S) 1

SELLER

Forsythe Solutions Group

Skokie, Illinois, United States
Category Company
Founded 1984
Sector Information Technology
DESCRIPTION

Forsythe Solutions Group, Inc. provides technology infrastructure consulting and remote enterprise management services (EMS) that enable to outsource network, systems, and desktop management.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey 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
2009-07-14 Paragon Solutions

Cranford, New Jersey, United States

Paragon Solutions, Inc. is a provider of an advisory consulting and systems integration services in the United States. Paragon Solutions is based in Cranford, New Jersey.

Buy -
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