M&A Deal Summary

Cloverhound Acquires Altus

On May 10, 2022, Cloverhound acquired information technology company Altus

Acquisition Highlights
  • This is Cloverhound’s 1st transaction in the Information Technology sector.
  • This is Cloverhound’s 1st transaction in Costa Rica.
Investment Fate
  • Altus was divested to a consortium of strategic buyers in 2025.

M&A Deal Summary

Date 2022-05-10
Target Altus
Sector Information Technology
Buyer(s) Cloverhound
Deal Type Add-on Acquisition

Target

Altus

San Pedro, Costa Rica
Altus is a networking software agency that provides professional services to help medium and enterprise customers streamline their Cisco IT operations, by integrating their Cisco technologies with other third-party services. It helps IT business units evolve by automating and simplifying IT processes, which allows them to focus their resources on developing strategic projects that provide business value. Altus was formed in 2007 and is based in San Pedro, Costa Rica.

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Buyer(S) 1

Buyer

Cloverhound

Charlotte, North Carolina, United States

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

Cloverhound is an engineering company with deep roots in software development and collaboration technologies. The company's high energy team excels at the forefront of exploring and designing modern solutions that industries and businesses use every, single day - solutions that make processes more efficient and peoples’ lives easier. It specializes in Unified Communications and Video, Data Center design, configuration and deployment, Call Center capabilities as well as custom API development and integration. Cloverhound was formed in 2013 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Costa Rica M&A 1 of 1
Year: 2022 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 Altus

San Pedro, Costa Rica

Altus is a networking software agency that provides professional services to help medium and enterprise customers streamline their Cisco IT operations, by integrating their Cisco technologies with other third-party services. It helps IT business units evolve by automating and simplifying IT processes, which allows them to focus their resources on developing strategic projects that provide business value. Altus was formed in 2007 and is based in San Pedro, Costa Rica.

Sell -