M&A Deal Summary

Claranet Acquires ITEN Solutions

On May 31, 2017, Claranet acquired information technology company ITEN Solutions

Acquisition Highlights
  • This is Claranet’s 7th transaction in the Information Technology sector.
  • This is Claranet’s 3rd transaction in Portugal.

M&A Deal Summary

Date 2017-05-31
Target ITEN Solutions
Sector Information Technology
Buyer(s) Claranet
Deal Type Add-on Acquisition

Target

ITEN Solutions

Carnaxide, Portugal
ITEN Solutions is a provider of application development, licensing, certification and managed services for healthcare, banking and retail sectors. ITEN Solutions was founded in 2013 and is based in Carnaxide, Portugal.

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Buyer(S) 1

Buyer

Claranet

London, United Kingdom

Category Company
Founded 1996
Sector Internet Software and Services
Employees2,200
Revenue 220M GBP (2017)
DESCRIPTION

Claranet provides a wide range of integrated hosting, networks, and communications managed services, as well as our support and expertise 24×7. Claranet was formed in 1996 and is based in London, England.


DEAL STATS #
Overall 18 of 23
Sector (Information Technology) 7 of 10
Type (Add-on Acquisition) 18 of 23
Country (Portugal) 3 of 3
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Sec-1

Birstall, United Kingdom

Sec-1 Ltd. is a security solutions provider that offers penetration testing and vulnerability assessments for applications and infrastructure, firewalls and malware protection, and security training services. Sec-1 Ltd. was established in 2001 and is based in Birstall, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 Union Solutions

Weybridge, United Kingdom

Union Solutions Ltd. is an IT infrastructure software and services company. Union Solutions Ltd. was founded in 2006 and is based in Weybridge, United Kingdom.

Buy -