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  6. Datavard Acquires Formbit

M&A Deal Summary

Datavard Acquires Formbit

On September 19, 2019, Datavard acquired software company Formbit

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

M&A Deal Summary
Date 2019-09-19
Target Formbit
Sector Software
Buyer(s) Datavard
Deal Type Add-on Acquisition

Target

Formbit

Irving, Texas, United States
Formbit provides customers facing a variety of business challenges including mergers, divestitures, org restructuring, and more leveraging SAP LT / SLO tools. Formbit was founded in 2016 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

Datavard

Heidelberg, Germany
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

Datavard is a provider of intelligent solutions and consulting services for SAP data management, system decommissioning, integration of SAP data into Big Data and Data Lakes, and system landscape transformation, including SAP S/4 HANA migration. Datavard was founded in 1998 and is based in Heidelberg, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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