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M&A Deal Summary

Internet Solutions Acquires SYNAQ

On June 1, 2011, Internet Solutions acquired internet software and services company SYNAQ

Acquisition Highlights
  • This is Internet Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is Internet Solutions’ 1st transaction in South Africa.

M&A Deal Summary
Date 2011-06-01
Target SYNAQ
Sector Internet Software and Services
Buyer(s) Internet Solutions
Deal Type Add-on Acquisition

Target

SYNAQ

Johannesburg, South Africa
SYNAQ are experts in the provisioning of Linux and open source software-based solutions on a Software as a Service (SaaS) basis, targeted mainly at the SME market. “Initially we provided support and maintenance for various hosted Linux email services and also developed the first anti-spam SaaS solution in South Africa

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Buyer(S) 1

Buyer

Internet Solutions

Bryanston, South Africa
Category Company
Founded 1993
Sector Communications
DESCRIPTION

Internet Solutions (IS), a pan-African communications services provider of IP-based connectivity, communication, data centre, cloud and career services.

DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: South Africa M&A 1 of 2
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 ContinuitySA

Midrand, South Africa

ContinuitySA (Pty) Ltd. provides BCM and outsourcing services.

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