M&A Deal Summary

Doxim Acquires Pinnacle Data Systems

On October 14, 2020, Doxim acquired business services company Pinnacle Data Systems from Avnet

Acquisition Highlights
  • This is Doxim’s 2nd transaction in the Business Services sector.
  • This is Doxim’s 5th transaction in the United States.
  • This is Doxim’s 1st transaction in Georgia.

M&A Deal Summary

Date 2020-10-14
Target Pinnacle Data Systems
Sector Business Services
Buyer(s) Doxim
Sellers(s) Avnet
Deal Type Divestiture

Target

Pinnacle Data Systems

Suwanee, Georgia, United States
Pinnacle Data Systems is a solution provider for document composition, printing, mailing, paperless delivery, and electronic payments. The company delivers millions of print and electronic documents every month for utilities, healthcare, insurance, financial service, and telecommunications companies, including many Fortune 100 companies. Pinnacle Data Systems is headquartered in Suwanee, Georgia.

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Buyer(S) 1

Buyer

Doxim

Markham, Ontario, Canada

Category Company
Founded 2000
Sector Internet Software and Services
DESCRIPTION

Doxim is a provider of SaaS-based customer engagement software for banks, credit unions, and wealth management firms. Doxim’s Customer Engagement Platform helps financial institutions transform their client experience, communicate effectively throughout the client lifecycle, and improve cross-sell and upsell activities that drive increased wallet share. The platform addresses key digitization challenges, from automated account opening, through improved, personalized communications to anytime, anywhere content access, tailored to a client’s channel preferences. Doxim was founded in 2000 and is based in Markham, Ontario.


DEAL STATS #
Overall 7 of 10
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 1
State (Georgia) 1 of 2
Country (United States) 5 of 8
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 Striata

New York, New York, United States

Striata, Inc. is an application software developer and service provider focused on enabling secure electronic communication. Striata specializes in the secure delivery and payment of bills, statements, pay-stubs, invoices, and all other confidential documents, via encrypted e-mail. Striata, Inc. was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Laser Print Plus

Columbia, South Carolina, United States

Laser Print Plus has consistently delivered quality communications service to its customers. Through the efforts of its dedicated associates, Laser Print Plus has created a reputation for reacting quickly to customers’ changing requirements. Laser Print Plus has developed creative, secure, and scalable solutions to satisfy customer’s needs for jobs of 100, or jobs of 1 million, and can produce over 10 million images a month. Laser Print Plus is based in Columbia, South Carolina.

Buy -

Seller(S) 1

SELLER

Avnet

Phoenix, Arizona, United States

Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 6 of 7
Sector (Business Services) 1 of 1
Type (Divestiture) 6 of 7
State (Georgia) 2 of 2
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Witekio

Lyon, France

Witekio is a system software development provider. Specializing in software for the embedded system and IoT objects. Witekio was founded in 2001 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Alpha 3 Manufacturing

Scunthorpe, United Kingdom

Alpha 3 Manufacturing is a manufacture of complex electro-mechanical assemblies, cable harnesses and other electrical components. Alpha 3 Manufacturing was founded in 2007 and is based in Scunthorpe, United Kingdom.

Sell -