M&A Deal Summary

Nasstar Acquires Modrus

On August 15, 2016, Nasstar acquired internet software and services company Modrus for 13M GBP

Acquisition Highlights
  • This is Nasstar’s 4th transaction in the Internet Software and Services sector.
  • This is Nasstar’s 2nd largest (disclosed) transaction.
  • This is Nasstar’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-08-15
Target Modrus
Sector Internet Software and Services
Buyer(s) Nasstar
Deal Type Add-on Acquisition
Deal Value 13M GBP

Target

Modrus

Bournemouth, United Kingdom
Modrus Ltd. is an outsource IT supplier for SMEs. Modrus takes responsibility for IT and telecoms in your business so that you can focus on driving revenue and profit growth.

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Buyer(S) 1

Buyer

Nasstar

Telford, United Kingdom
Category Company
Founded 1998
Sector Internet Software and Services
Employees203
Revenue 26M GBP (2018)
DESCRIPTION

Nasstar is a provider of hosted managed and cloud computing services. Hosted desktop is a cloud computing solution enabling clients to access their desktops, business applications, and files from anywhere with internet connectivity, using various devices. Nasstar was founded in 1998 and is based in Telford, United Kingdom.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 4 of 4
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 VESK

London, United Kingdom

VESK Ltd. is a provider of hosted virtual desktop provider. VESK enables you to access all your emails, files and business applications anywhere in the world using any device.

Buy £8M
Mergr

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Company

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