M&A Deal Summary

Hitachi Vantara Acquires Io-Tahoe

On June 23, 2021, Hitachi Vantara acquired software company Io-Tahoe from Centrica

Acquisition Highlights
  • This is Hitachi Vantara’s 1st transaction in the Software sector.
  • This is Hitachi Vantara’s 2nd transaction in the United States.
  • This is Hitachi Vantara’s 1st transaction in New York.

M&A Deal Summary

Date 2021-06-23
Target Io-Tahoe
Sector Software
Buyer(s) Hitachi Vantara
Sellers(s) Centrica
Deal Type Divestiture

Target

Io-Tahoe

New York, New York, United States
Io-Tahoe is an Enterprise Data Automation software, harnessing the power of our patented data automation technologies to help organizations empower employees to achieve more. Io-Tahoe was founded in 2017 and is based in New York City.

Search 214,503 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

Hitachi Vantara

Santa Clara, California, United States

Category Company
Sector Information Technology
DESCRIPTION

Hitachi Vantara helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society. The company combines technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers' experiences, develop new revenue streams, and lower the costs of business.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 REAN Cloud

Herndon, Virginia, United States

REAN Cloud is a global cloud systems integrator and Managed Service Provider (MSP), is a Premier Consulting Partner in the Amazon Web Services (AWS) Partner Network (APN) and a Microsoft Azure Silver Partner. REAN Cloud offers managed and professional services and solutions for hyperscale integrated IaaS and PaaS providers and is one the few systems integrators capable of supporting the entire cloud services life cycle.

Buy -

Seller(S) 1

SELLER

Centrica

Windsor, United Kingdom

Category Company
Founded 1812
Sector Utilities
Employees21,038
Revenue 19.9B GBP (2024)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway. Centrica aims to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was founded in 1812 and is headquartered in Windsor, England.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-24 Direct Energy

Houston, Texas, United States

Direct Energy LP is retail provider of electricity, natural gas, and home and business energy-related products and services. Direct Energy was founded in 1997 and is based in Houston, Texas.

Sell $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 CBS Mexico

Mexico City, Mexico

CBS Mexico delivers integrated energy solutions that balance profitability and sustainability. Bringing together the right combination of technologies and approaches helps organizations get the most from their energy and drive the most value from their energy infrastructure, helping clients solve their energy challenges and harness new opportunities in a changing world. CBS Mexico is based in Mexico City, Mexico.

Sell $33M