M&A Deal Summary

Fairway Technologies Acquires IT Strategists

On March 26, 2019, Fairway Technologies acquired information technology company IT Strategists

Acquisition Highlights
  • This is Fairway Technologies’ 2nd transaction in the Information Technology sector.
  • This is Fairway Technologies’ 2nd transaction in the United States.
  • This is Fairway Technologies’ 2nd transaction in California.

M&A Deal Summary

Date 2019-03-26
Target IT Strategists
Sector Information Technology
Buyer(s) Fairway Technologies
Deal Type Add-on Acquisition

Target

IT Strategists

Los Angeles, California, United States
IT Strategists, Inc. is a big data and data-driven business firm. IT Strategists provides clients with expertise in how to utilize technology to improve business. IT Strategists, Inc. was founded in 1999 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Fairway Technologies

La Jolla, California, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

Fairway Technologies is a premier provider of expert technology consulting and software development services that help leading firms convert requirements into top-quality results. Fairway’s unique business model successfully delivers the high-end technology resources needed to solve tough problems, without the frustration and costly overhead typically associated with large enterprise or staffing agencies. Headquartered in La Jolla, California, Fairway Technologies boasts a dramatically high referral and retention rate and thrives on helping mid-size and enterprise organizations reduce risk, gain competitive advantage, and ensure project success.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 Solekai Systems

San Diego, California, United States

Solekai is a software design services and technology integration company based in San Diego, CA. Founded in 2002, Solekai rapidly enables its technology partners and customers to increase revenue, reduce cost, and improve customer satisfaction by accelerating the design, development, test, delivery and support of exceptional, mission-critical software. Solekai provides valuable domain expertise in selected vertical markets for digital video, digital wireless, digital medical, and utility information systems. Solekai content is already at work enabling more than 100 million deployed consumer and industrial products you already use at home, at work, and at play. Solekai resolves the most difficult software development, integration, and test challenges with “insourced” developers and project managers which permit Solekai clients to side-step the costs of on-boarding and off-boarding expert development and integration teams.

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