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  5. Midoco Acquires Umbrella Organisation AG

M&A Deal Summary

Midoco Acquires Umbrella Organisation AG

On September 27, 2018, Midoco acquired internet software and services company Umbrella Organisation AG

Acquisition Highlights
  • This is Midoco’s 1st transaction in the Internet Software and Services sector.
  • This is Midoco’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2018-09-27
Target Umbrella Organisation AG
Sector Internet Software and Services
Buyer(s) Midoco
Deal Type Add-on Acquisition

Target

Umbrella Organisation AG

Wetzikon, Switzerland
Umbrella Organisation AG is a global, modern and highly flexible profile management system tool for business travel agencies and travel agencies. Umbrella offers its mid-office product “Umbrella.net” as well as “Umbrella Faces”, applications for managing profile data in the business travel sector, to travel agencies in Switzerland and Austria. Umbrella Organisation AG was founded in 1985 and is based in Wetzikon, Switzerland.

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Buyer(S) 1

Buyer

Midoco

Hilden, Germany
Category Company
Founded 2005
Sector Internet Software and Services
Employees65
DESCRIPTION

Midoco is a provider of midoffice/ERP-software for the travel industry. The software with the same name is a saas-solution and is being used by leisure travel agencies, business travel centers, online travel agencies, and tour operators for the administration of booked travel packages. Midoco was founded in 2005 and is based in Hilden, Germany.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Switzerland M&A 1 of 1
Year: 2018 M&A 1 of 1
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