M&A Deal Summary

Evolve IP Acquires Azzaron

On May 19, 2017, Evolve IP acquired internet software and services company Azzaron

Acquisition Highlights
  • This is Evolve IP’s 3rd transaction in the Internet Software and Services sector.
  • This is Evolve IP’s 6th transaction in the United States.
  • This is Evolve IP’s 1st transaction in Arizona.

M&A Deal Summary
Date 2017-05-19
Target Azzaron
Sector Internet Software and Services
Buyer(s) Evolve IP
Deal Type Add-on Acquisition

Target

Azzaron

Mesa, Arizona, United States
Azzaron, Inc. is a provider of cloud computing solutions including Desktop as a Service (DaaS), Infrastructure as a Service (IaaS) and a secure, compliant file sharing and collaboration service.

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Buyer(S) 1

Buyer

Evolve IP

King of Prussia, Pennsylvania, United States
Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Evolve IP provides organizations with a unified option for cloud services, including unified communications, contact center, managed network, and cloud computing technologies. Evolve IP was founded in 2007 and is based in King of Prussia, Pennsylvania.

DEAL STATS #
Overall 6 of 11
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 6 of 11
State (Arizona) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Xtium

King of Prussia, Pennsylvania, United States

Xtium, Inc. is a provider of cloud computing services provider. Evolve IP enables decision-makers to migrate all or select IT technologies to its award-winning cloud platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Mtel N.V.

Rotterdam, Netherlands

Mtel N.V. is a cloud communications company that provides voice response and telephony integrated Internet Protocol phone services for businesses. Mtel N.V. is based in Rotterdam, Netherlands.

Buy -
Mergr

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