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M&A Deal Summary

CLEVR Acquires BlockBrains

On August 20, 2019, CLEVR acquired software company BlockBrains

Acquisition Highlights
  • This is CLEVR’s 1st transaction in the Software sector.
  • This is CLEVR’s 2nd transaction in New Zealand.

M&A Deal Summary
Date 2019-08-20
Target BlockBrains
Sector Software
Buyer(s) CLEVR
Deal Type Merger

Target

BlockBrains

Amersfoort, New Zealand
BlockBrains is a provider of application development services based in the Netherlands.

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Buyer(S) 1

Buyer

CLEVR

Amersfoort, Netherlands
Category Company
Founded 1991
Sector Software
DESCRIPTION

CLEVR is a low-code and no-code Software-with-a-Service (SWAS) solutions provider and the largest global Mendix expert partner. Managers overseeing the digitalization of their companies need skilled and experienced developers to help extract all the value and benefits available from low- and no-code development tools. CLEVR was founded in 1991 and is based in Amersfoort, Netherlands.

DEAL STATS #
Overall 2 of 3
Sector: Software M&A 1 of 2
Type: Merger M&A Deals 2 of 2
Country: New Zealand M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 FlowFabric

Amersfoort, New Zealand

FlowFabric helps organizations to make their data profitable. The application development expert is closely aligned with the business and business objectives of its customers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Digitread

Sandvika, Norway

Digitread is a Solution Partner of Siemens Digital Industry Software. Digitread helps drives innovation and deliver insight and expertise to exceed customer expectations. Digitread is Headquartered in Sandvika, Norway.

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