M&A Deal Summary

Evolution Technology Resources Acquires VIPSpel

On November 21, 2017, Evolution Technology Resources acquired internet software and services company VIPSpel

Acquisition Highlights
  • This is Evolution Technology Resources’ 1st transaction in the Internet Software and Services sector.
  • This is Evolution Technology Resources’ 1st transaction in Cyprus.

M&A Deal Summary

Date 2017-11-21
Target VIPSpel
Sector Internet Software and Services
Buyer(s) Evolution Technology Resources
Deal Type Add-on Acquisition

Target

VIPSpel

Larnaca, Cyprus
HighWeb Ventures NV is an online gaming and online casino. HighWeb Ventures NV is based in Larnaca, Cyprus.

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Buyer(S) 1

Buyer

Evolution Technology Resources

Richmond Hill, Ontario, Canada

Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Evolution Technology Resources, Inc. is a business development company that is focused on acquiring intellectual property and assets for cloud computing, high tech and online gambling industries. Evolution Technology Resources is based in Richmond Hill, Ontario.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Cyprus M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 PayQube

United States

PayQube is a peer-to-peer payments system that supports payment for products, donations, subscription, shopping cart and simple payments and includes funding and withdrawal options.

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