M&A Deal Summary

Concord Technologies Acquires Biscom

On January 5, 2024, Concord Technologies acquired information technology company Biscom

Acquisition Highlights
  • This is Concord Technologies’ 1st transaction in the Information Technology sector.
  • This is Concord Technologies’ 1st transaction in the United States.
  • This is Concord Technologies’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-01-05
Target Biscom
Sector Information Technology
Buyer(s) Concord Technologies
Deal Type Add-on Acquisition

Target

Biscom

Westford, Massachusetts, United States
Biscom provides advancing secure data exchanges for mission-critical information. The company prides itself on helping customers architect enterprise communication infrastructures that alleviate real-world challenges no matter the organization's technology stack or regulation requirements. Cloud-based, on-premises, or hybrid, its flexible digital fax, secure messaging, and workflow automation solutions work together with existing systems to prevent organizational bottlenecks that impact productivity and profitability. Biscom is based in Westford, Massachusetts.

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Buyer(S) 1

Buyer

Concord Technologies

Seattle, Washington, United States

Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

Concord Technologies is a provider of secure, cloud-based interoperability and automation technology for healthcare and other document-intensive industries. Serving over 1,500 customers, Concord’s solutions help transfer, process, and integrate unstructured data within customers’ existing systems and operational processes. Concord Technologies was founded in 1996 and is based in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1