M&A Deal Summary

Cover Technologies Acquires Flurbo

On May 19, 2021, Cover Technologies acquired information technology company Flurbo from Nifty for 1M USD

Acquisition Highlights
  • This is Cover Technologies’ 1st transaction in the Information Technology sector.
  • This is Cover Technologies’ largest (disclosed) transaction.
  • This is Cover Technologies’ 1st transaction in the United States.
  • This is Cover Technologies’ 1st transaction in Arizona.

M&A Deal Summary
Date 2021-05-19
Target Flurbo
Sector Information Technology
Buyer(s) Cover Technologies
Sellers(s) Nifty
Deal Type Divestiture
Deal Value 1M USD

Target

Flurbo

Tempe, Arizona, United States
Flurbo offers simplified non-custodial solutions for crypto assets, including a Defi recommendation engine and managed infrastructure for staking. Flurbo solution may be used by a wide variety of participants including producers, purchasers, financial institutions, financiers, streamers, logistics companies, and assayers. Flurbo is based in Tempe, Arizona.

Search 198,123 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cover Technologies

Vancouver, British Columbia, Canada
Category Company
Sector Business Services
DESCRIPTION

Cover Technologies is a technology research & development company with a focus on emerging technologies and solutions. In addition to the current research and development on its magnesium processing technology, Cover Technologies is in pursuit of identifying opportunities in emerging technologies. Cover Technologies is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Nifty

Tempe, Arizona, United States
Category Company
Sector Information Technology
DESCRIPTION

Nifty is a developer of solutions that facilitate tracking, trading, transacting, and borrowing against digital assets, all in a secured and transparent manner. Nifty is based in Tempe, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal