M&A Deal Summary

Insight Acquires Amdaris

On August 17, 2023, Insight acquired software company Amdaris from BGF

Acquisition Highlights
  • This is Insight’s 3rd transaction in the Software sector.
  • This is Insight’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-08-17
Target Amdaris
Sector Software
Buyer(s) Insight
Sellers(s) BGF
Deal Type Add-on Acquisition
Advisor(s) KPMG Corporate Finance (Financial)
TLT (Legal)

Target

Amdaris

Bristol, United Kingdom
Amdaris is a softeware developer and digital transformation specialist. The firm’s key sectors of operation include real estate, recruitment, education, financial services and energy. Amdaris was founded in 2009 and is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

Insight

Chandler, Arizona, United States

Category Company
Founded 1988
Sector Information Technology
Employees14,324
Revenue 8.7B USD (2024)
DESCRIPTION
Entrance to Insight Enterprise's corporate headquarters in Tempe, Arizona.
Entrance to Insight Enterprise's corporate headquarters in Tempe, Arizona.

Insight develops, licenses, and supports a wide range of software products, services, and devices. Insight provides cloud-based services to consumers and businesses; designs, manufactures, and sells devices that integrate with its cloud-based services; and delivers online advertising to a global audience. Insight's products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; cross-device productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. Insight also designs and sells hardware including PCs, tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories. Insight was formed in 1988 and is based in Chandler, Arizona.


DEAL STATS #
Overall 13 of 17
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 12 of 16
Country: United Kingdom M&A 2 of 2
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-03 Hanu

Princeton, New Jersey, United States

Hanu provides cloud solutions in the areas of Apps and Infrastructure, Data and AI, and Cloud Security, to hundreds of enterprise clients. Hanu also appears on Gartner’s Public Cloud IT Transformation Services Magic Quadrant as a Niche Player and is recognized as one of Microsoft’s top public cloud service partners globally. Hanu was founded in 2002 and is based in Princeton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 SADA

Los Angeles, California, United States

SADA provides cloud consultancy and technical services. The Company helps customers in healthcare, media, entertainment, retail, manufacturing and the public sector solve their most complex challenges so they can focus on achieving their boldest ambitions. SADA was founded in 2000 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 107 of 131
Sector: Software M&A 7 of 10
Type: Add-on Acquisition M&A Deals 59 of 70
Country: United Kingdom M&A 102 of 125
Year: 2023 M&A 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 STATS Group

Kintore, United Kingdom

STATS Group engages in the supply of pressurized pipeline isolation, hot tapping, and plugging services to the global oil, gas, and petrochemical industries. STATS Group was founded in 1998 and is based in Kintore, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Aceleron Energy

Bromsgrove, United Kingdom

Aceleron Energy is an innovative clean technology company, designing and building lithium-ion batteries. Aceleron Energy makes better lithium-ion batteries created with true sustainability in mind. Aceleron Energy was founded in 2016 and is based in Bromsgrove, United Kingdom.

Sell -