M&A Deal Summary

Gruve Acquires NetServ

On September 19, 2024, Gruve acquired information technology company NetServ

Acquisition Highlights
  • This is Gruve’s 1st transaction in the Information Technology sector.
  • This is Gruve’s 1st transaction in the United States.
  • This is Gruve’s 1st transaction in California.

M&A Deal Summary
Date 2024-09-19
Target NetServ
Sector Information Technology
Buyer(s) Gruve
Deal Type Add-on Acquisition

Target

NetServ

San Jose, California, United States
NetServ is a technology company that provides IT solutions, including software development, cloud services, data analytics, and IT consulting. NetServ is based in San Jose, California.

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Buyer(S) 1

Buyer

Gruve

Redwood, California, United States
Category Company
Sector Software
DESCRIPTION

Gruve is an AI-powered company that specializes in providing automation and artificial intelligence solutions to businesses. Gruve is based in Redwood, California.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Lumos Cloud

Pleasanton, California, United States

Lumos Cloud is a Network Consulting and Training organization, that specializes in software-defined networking (SDN) and automation technologies. The company offers services including consulting, deployment of software-defined infrastructure, and professional training programs like Cisco ACI, Nexus, and NDFC workshops. Lumos Cloud is based in Pleasanton, California.

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