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  6. CloudCover Acquires Palotac

M&A Deal Summary

CloudCover Acquires Palotac

On July 12, 2022, CloudCover acquired software company Palotac

Acquisition Highlights
  • This is CloudCover’s 1st transaction in the Software sector.
  • This is CloudCover’s 1st transaction in the United States.
  • This is CloudCover’s 1st transaction in California.

M&A Deal Summary
Date 2022-07-12
Target Palotac
Sector Software
Buyer(s) CloudCover
Deal Type Add-on Acquisition

Target

Palotac

Truckee, California, United States
Palotac provides software, hardware, and configuration network support services for routers, switches, security, data center, telephony, and wireless devices. Palotac is based in Truckee, California.

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Buyer(S) 1

Buyer

CloudCover

Irvine, California, United States
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

CloudCover is a provider of third-party maintenance (TPM) and IT lifecycle management solutions for the global IT channel. Powered by its purpose-built CoverIT platform, the company enables partners to deliver efficient, flexible infrastructure support at scale. With a global footprint and a partner-first mindset, it is transforming how IT services are delivered and managed worldwide, from desktop to data center. CloudCover was founded in 2014 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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