Add-on Acquisition • Software

GBTEC Acquires avedos GRC

On May 11, 2020, GBTEC acquired software company avedos GRC

Acquisition Context

This is GBTEC’s 1st transaction in the Software sector.
This is GBTEC’s 1st transaction in Austria.

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M&A Deal Summary
Date	May 11, 2020
Target	avedos GRC
Sector	Software
Buyer(s)	GBTEC
Deal Type	Add-on Acquisition

Target Company

avedos GRC

Vienna, Austria

avedos GRC GmbH is a provider of GRC software to large Austrian and German enterprises as well as international groups, including brands such as RWE, Henkel, and MAN. GRC platform is a process-based view that focuses on establishing company-wide management systems for governance on all levels of action, from strategy to implementation. avedos was formed in 2005 and is based in Vienna, Austria.

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Buyer Overview 1

Buyer

GBTEC

Bochum, Germany

Category	Company
Sector	Software

DESCRIPTION

GBTEC is a provider of business process management, integrated risk management, and IT management. GBTEC is based in Bochum, Germany.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Austria	1 of 1
Year: 2020	1 of 1

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