M&A Deal Summary

Cogito Acquires Tenacity Solutions

On December 5, 2018, Cogito acquired internet software and services company Tenacity Solutions from DXC Technology

Acquisition Highlights
  • This is Cogito’s 1st transaction in the Internet Software and Services sector.
  • This is Cogito’s 1st transaction in the United States.
  • This is Cogito’s 1st transaction in Vermont.

M&A Deal Summary
Date 2018-12-05
Target Tenacity Solutions
Sector Internet Software and Services
Buyer(s) Cogito
Sellers(s) DXC Technology
Deal Type Divestiture

Target

Tenacity Solutions

Reston, Vermont, United States
Tenacity Solutions, Inc. is a provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community. Founded in 2003 and headquartered in Reston, Virginia, Tenacity is highly regarded as a trusted provider of cutting-edge services supporting mission-critical national security initiatives. Tenacity Solutions was founded in 2003 and is based in Reston, Vermont.

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Buyer(S) 1

Buyer

Cogito

Boston, Massachusetts, United States
Category Company
Founded 2007
Sector Software
DESCRIPTION

Cogito Corp. is a provider in AI for emotional intelligence that enables organizations to sense human behavior and guide call center agents to enhance productivity and customer experience. Cogito Corp. was founded in 2007 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

DXC Technology

Ashburn, Virginia, United States
Category Company
Founded 1959
Sector Information Technology
Employees130,000
Revenue 13.7B USD (2024)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys. DXC Technology was founded in 1959 and is based in Ashburn, Virginia.

DEAL STATS #
Overall 7 of 12
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 6 of 11
State (Vermont) 1 of 1
Country (United States) 7 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 TESM

London, United Kingdom

TESM Ltd. is a service management company, that focus on end-to-end solutions which enable customers to realize the full benefit of their implementation. TESM Ltd. was founded in 2013 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Luxoft Holding

Zug, Switzerland

Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

Buy $2.0B
Mergr

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