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  6. Electric Acquires Techvera

M&A Deal Summary

Electric Acquires Techvera

On August 31, 2021, Electric acquired information technology company Techvera

Acquisition Highlights
  • This is Electric’s 1st transaction in the Information Technology sector.
  • This is Electric’s 1st transaction in the United States.
  • This is Electric’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-08-31
Target Techvera
Sector Information Technology
Buyer(s) Electric
Deal Type Add-on Acquisition

Target

Techvera

Denton, Texas, United States
Techvera is cloud-focused and security-minded, on a mission to crush business problems and create raving fans. Our core values of agility, innovation, and professionalism drive this mission. Techvera was founded in 2001 and is based in Denton, Texas.

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Buyer(S) 1

Buyer

Electric

New York, New York, United States
Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Electric is an IT technology and real-time support for small and mid-sized businesses. With over 400 customers and more than 30,000 employee end-users, Electric's IT platform includes: real-time support powered by 100+ IT technicians, security, device & inventory management, network & server management, application & cloud management, employee on-boarding and off-boarding, procurement & provisioning, and data monitoring & insights. Electric was founded in 2016 and is based in New York City.

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: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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