M&A Deal Summary

Cloudastructure Acquires IPG

On January 20, 2022, Cloudastructure acquired information technology company IPG

Acquisition Highlights
  • This is Cloudastructure’s 2nd transaction in the Information Technology sector.
  • This is Cloudastructure’s 2nd transaction in the United States.
  • This is Cloudastructure’s 2nd transaction in California.

M&A Deal Summary

Date 2022-01-20
Target IPG
Sector Information Technology
Buyer(s) Cloudastructure
Deal Type Add-on Acquisition

Target

IPG

San Jose, California, United States
IPG is a producer of GearBox IoT security tools. GearBox combines a durable appliance with simple execution to allow industrial operators the insight they need to secure their infrastructure. GearBox provides cybersecurity and performance metrics to some of the nation's most critical infrastructure including utilities, commercial buildings, healthcare, and transportation. IPG was founded in 2017 and is headquartered in San Jose, California.

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Buyer(S) 1

Buyer

Cloudastructure

San Mateo, California, United States

Category Company
Founded 2013
Sector Software
Employees16
Revenue 1M USD (2024)
DESCRIPTION

Cloudastructure is a provider of surveillance video management system. Cloudastructure's platform’s unique architecture enables AI and computer vision for scalable, flexible, cost-effective security and eliminates the resource-intensive management and data risks of on-premises solutions. Cloudastructure was formed in 2013 and is based in San Mateo, California.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Visionful

San Diego, California, United States

Visionful offers a smart parking solution for transit providers, as well as commercial companies, hospitals, airports, universities, and municipalities who are looking to better understand their parking usage and manage parking efficiency. Visionful was formed in 2018 and is based in San Diego, California.

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