M&A Deal Summary

Fluence Technologies Acquires Sturnis365

On July 5, 2022, Fluence Technologies acquired information technology company Sturnis365 from Techedge Group

Acquisition Highlights
  • This is Fluence Technologies’ 1st transaction in the Information Technology sector.
  • This is Fluence Technologies’ 1st transaction in Italy.

M&A Deal Summary

Date 2022-07-05
Target Sturnis365
Sector Information Technology
Buyer(s) Fluence Technologies
Sellers(s) Techedge Group
Deal Type Divestiture

Target

Sturnis365

Milan, Italy
Sturnis365 provides full end-user collaborative creation, publication, and disclosure of corporate information, including annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting, and procurement and tax disclosures. Its unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize the overall cost of ownership. Sturnis365 was founded in 2017 and is based in Milan, Italy.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Fluence Technologies

Toronto, Ontario, Canada

Category Company
Sector Software
DESCRIPTION

Fluence Technologies provides the only financial close and consolidation software for mid-sized companies. Fluence quick deployment, adoption, and time to value delivers game-changing efficiency gains and trusted, timely numbers for assessing past performance and planning for the future. Fluence Technologies is based in Toronto, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 XLCubed

Maidenhead, United Kingdom

XLCubed provides self-service, Excel-centric, and Web-enabled financial and finance-led reporting software to more than 750 customers worldwide. Finance and business users rely on our software daily for financial, regulatory management, dashboard, and ad hoc reporting. XLCubed was founded in 2002 and is based in Maidenhead, United Kingdom.

Buy -

Seller(S) 1

SELLER

Techedge Group

Milano, Italy

Category Company
Founded 2003
Sector Information Technology
Employees1,700
DESCRIPTION

Techedge Group mission is to help organizations evolve into true digital companies through short iterative cycles of business-driven innovation. Techedge provides business solutions & services that combine business advisory, technology expertise and premium delivery capabilities, with a lean, trust-based approach. With nearly 1,700 professionals worldwide, Techedge offers clients the scalability of a global provider, the flexibility of a local partner, and the competence of a strategic, trusted advisor.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Sturnis365

Milan, Italy

Sturnis365 provides full end-user collaborative creation, publication, and disclosure of corporate information, including annual and periodical corporate reports, sustainability and ESG reporting, compliance and risk reporting, and procurement and tax disclosures. Its unique Inversed Design capability allows for automated data synchronization to reduce document setup and maintenance and optimize the overall cost of ownership. Sturnis365 was founded in 2017 and is based in Milan, Italy.

Buy -