M&A Deal Summary

EY Acquires Zilker Technology

On November 18, 2020, EY acquired information technology company Zilker Technology from Next Sparc Growth Partners

Acquisition Highlights
  • This is EY’s 9th transaction in the Information Technology sector.
  • This is EY’s 14th transaction in the United States.
  • This is EY’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-11-18
Target Zilker Technology
Sector Information Technology
Buyer(s) EY
Sellers(s) Next Sparc Growth Partners
Deal Type Add-on Acquisition

Target

Zilker Technology

Austin, Texas, United States
Zilker Technology is a digital consultancy and systems integrator focused on creating lasting and valuable customer experiences, with deep sector experience in consumer products, health care, financial services, energy, and utilities. Zilker Technology was formed in 2014 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

EY

New York, New York, United States

Category Company
Founded 1849
Sector Business Services
Employees230,000
Revenue 29.6B USD (2016)
DESCRIPTION
Ernst & Young office in Redwood City, California.
Ernst & Young office in Redwood City, California.

EY is a professional services company. The Company provides assurance, auditing, technology and security risk, enterprise risk management, transaction support, merger and acquisition, actuarial, and real estate advisory services. EY was formerly known as Ernst & Young LLP up until 2013. The Firm was originally established in 1849 and is based in New York City.


DEAL STATS #
Overall 20 of 24
Sector: Information Technology M&A 9 of 11
Type: Add-on Acquisition M&A Deals 18 of 22
State: Texas M&A 1 of 1
Country: United States M&A 14 of 15
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Pangea3

New York, New York, United States

Pangea3 is a legal process outsourcing (LPO) provider serving corporate legal departments and law firms worldwide. By leveraging legal, technical and business-process talent in quality, cost-effective centers, Pangea3 helps clients mitigate legal risks, reduce burdensome costs and provide continuity and scale to budget-strapped legal teams.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 CMA Strategy Consulting

Boston, Massachusetts, United Kingdom

CMA Strategy Consulting is a boutique consulting firm focused on the telecommunications, media, and high tech industries. CMA assists operating companies with strategic analyses and advice, business planning, regulatory strategy, and policy development. CMA Strategy Consulting is based in Boston, Massachusetts.

Buy -

Seller(S) 1

DESCRIPTION

Next?Sparc Growth Partners is a founder-focused, family-backed investment firm focused on growth-oriented investments across the US. The Firm will consider businesses with $1 to $75 million of revenue and $1 to $15 million of EBITDA. Sectors of interest include consumer, business services, technology, industrials, and business services. Next Sparc Growth Partners was founded in 2009 and is based in Chagrin?Falls, Ohio.


DEAL STATS #
Overall 2 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Texas M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Simcom

Orlando, Florida, United States

Simcom is a privately-owned, comprehensive learning institution, SIMCOM utilizes realistic simulator-based training to provide advanced aviation training services to professional pilots, owner-operators, Part 135 operators and maintenance personnel operating in general aviation, regional, military, government and cargo operations around the world. Simcom was founded in 1989 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 ApplyBoard

Kitchener, Ontario, Canada

ApplyBoard is an online platform that empowers students around the world to access top quality education. ApplyBoard was founded in 2015 and is based in Kitchener, Ontario.

Buy -