Divestiture • Software

MGT Acquires Demonsaw - Secure File Sharing Technology

On May 26, 2016, MGT acquired software company Demonsaw - Secure File Sharing Technology from Demonsaw

Acquisition Context
  • This is MGT’s 1st transaction in the Software sector.
  • This is MGT’s 2nd transaction in the United States.

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M&A Deal Summary

Date May 26, 2016
Target Demonsaw - Secure File Sharing Technology
Sector Software
Buyer(s) MGT
Sellers(s) Demonsaw
Deal Type Divestiture

Target Company

Demonsaw - Secure File Sharing Technology

United States
Demonsaw LLC - Secure File Sharing Technology is a provider of file sharing software services.
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Buyer Overview 1

Buyer

MGT

Raleigh, North Carolina, United States

Category Company
Founded 1977
Sector Internet Software and Services
Employees2
Revenue 1M USD (2020)
DESCRIPTION

MGT is an operator of social and real money gaming sites online and in the mobile space, including MGTplay.com and SlotChamp™. MGT was founded in 1977 and is based in Raleigh, North Carolina.


Deal Context for Buyer #
Overall 2 of 4
Sector: Software 1 of 2
Type: Divestiture 1 of 2
Country: United States 2 of 4
Year: 2016 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 The Round House

Alabama, United States

The Round House LLC is a technology incubator, offering co-working space, accelerator services and angel investment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 Cyberdonix - Anti-Hacking Technology

Madison, Alabama, United States

Cyberdonix, Inc. - Anti-Hacking Technology is a a cybersecurity product designed to protect corporate and enterprise intranets from sophisticated hacking threats.

Buy -

Seller Profile 1

SELLER

Demonsaw

United States

Category Company
Sector Software
DESCRIPTION

Demonsaw LLC is a provider of a secure and anonymous file sharing software platform. Using multiple layers of encryption (both symmetric and asymmetric), Demonsaw offers users full control of data and also offers private router services . Demonsaw is a fully decentralized, mesh-based network that does not use P2P, providing protection of IP addresses. Demonsaw is available in 32-bit and 64-bit versions for Windows, Apple OSX, Android, Raspberry Pi and Ubuntu.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

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