M&A Deal Summary

Exiger Acquires root9B Holdings - Investigative Due Diligence Practice Business

On May 1, 2017, Exiger acquired business services company root9B Holdings - Investigative Due Diligence Practice Business from root9B for 6M USD

Acquisition Highlights
  • This is Exiger’s 1st transaction in the Business Services sector.
  • This is Exiger’s largest (disclosed) transaction.
  • This is Exiger’s 2nd transaction in Canada.
  • This is Exiger’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-05-01
Target root9B Holdings - Investigative Due Diligence Practice Business
Sector Business Services
Buyer(s) Exiger
Sellers(s) root9B
Deal Type Divestiture
Deal Value 6M USD

Target

root9B Holdings - Investigative Due Diligence Practice Business

Vancouver, British Columbia, Canada
root9B Holdings - Investigative Due Diligence Practice Business includes the sale of the stock of IPSA's Canadian subsidiary (IPSA International, Inc. Canada) located in Vancouver, BC and IPSA's London, Hong Kong and Miami offices, contracts and employees. For the past 15 years, IPSA's IDDP has provided services in matters of multi-jurisdictional corruption, bribery and due diligence investigations. The IDDP also performs due diligence related to travel, employment and settlement including for immigration, citizenship & visas; and is considered an industry pioneer in work related to citizenship by investment due diligence where it is considered a trusted leader by many of the largest and fastest growing programs operating in the world today

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Buyer(S) 1

Buyer

Exiger

New York, New York, United States

Category Company
Founded 2013
Sector Business Services
DESCRIPTION

Exiger is an operator of global regulatory and financial crime, risk and compliance company. Exiger arms financial institutions, multinational corporations and governmental agencies with the practical advice and technology solutions they need to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities. Exiger was founded in 2013 and is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (British Columbia) 1 of 2
Country (Canada) 2 of 3
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Outside Intelligence

Toronto, Ontario, Canada

Outside Intelligence, Inc. (OutsideIQ) is a due diligence cognitive computing and search. OutsideIQ brings together some of the world’s foremost experts on search with the best data scientists, big data professionals and software engineers to solve the complex problems of search for due diligence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Convergent Solutions

McLean, Virginia, United States

Convergent Solutions, Inc. is a full-service government solutions provider focused on delivering outstanding IT Services, Intelligence Analysis, Security Operations, and Support Services. Convergent Solutions has over 20 years of expertise assessing our client’s hard challenges, regularly evaluating commercial technology providers, and bringing state of the art technology capabilities to our solutions.

Buy -

Seller(S) 1

SELLER

root9B

Colorado Springs, Colorado, United States

Category Company
Founded 1995
Sector Information Technology
Revenue 10M USD (2016)
DESCRIPTION

root9B is a provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B, Business Advisory Services and IPSA International Services, Inc., the Company delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. root9B Holdings was founded in 1995 and is based in Colorado Springs, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1