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  6. IgniteTech Acquires AnswerHub

M&A Deal Summary

IgniteTech Acquires AnswerHub

On November 16, 2022, IgniteTech acquired software company AnswerHub

Acquisition Highlights
  • This is IgniteTech’s 3rd transaction in the Software sector.
  • This is IgniteTech’s 4th transaction in the United States.
  • This is IgniteTech’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2022-11-16
Target AnswerHub
Sector Software
Buyer(s) IgniteTech
Deal Type Add-on Acquisition

Target

AnswerHub

Durham, North Carolina, United States
AnswerHub is a powerful knowledge management platform built to capture, curate, and distribute the expertise of developers and technical teams. The company enables experts to share their insights and best practices across teams, growing and connecting communities of experts to share knowledge internally and externally. Using multiple avenues for knowledge sharing from Q&As to knowledge bases and user-generated content users can find answers to their pressing questions right away from the best subject-matter expert. AnswerHub was formed in 2009 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

IgniteTech

Austin, Texas, United States
Category Company
Founded 2010
Sector Software
DESCRIPTION

IgniteTech is a software company that delivers on its promise of revitalizing enterprise software through the three pillars of the IgniteTech corporate vision: 1) to save and stabilize the software and businesses it acquires; 2) to innovate and transform products to the AWS cloud; and 3) to add unlimited value with its one-of-a-kind, Netflix-style software subscription, which includes all products in IgniteTech’s solution suites. IgniteTech was founded in 2010 and is based in Austin, Texas.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 BryterCX

Greenwood Village, Colorado, United States

BryterCX is a provider of end-to-end customer journey solutions that take customer experience (CX) to the next level. BryterCX’s Journey Intelligence platform uses breakthrough AI and machine learning to provide users with robust journey insights that uncover clear business opportunities. BryterCX is based in Greenwood Village, Colorado.

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