M&A Deal Summary |
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Date | 2021-01-06 |
Target | Velocity Technology Solutions |
Sector | Internet Software and Services |
Buyer(s) | Navisite |
Sellers(s) |
Sumeru Equity Partners
Partners Group AG |
Deal Type | Add-on Acquisition |
Advisor(s) | Stifel, Nicolaus & Co., Inc. (Financial) Weil Gotshal & Manges (Legal) |
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Category | Company |
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Founded | 1994 |
Sector | Information Technology |
Navisite is a modern managed cloud service provider that accelerates IT transformation for thousands of growing and established global brands. Through its deep technical knowledge and strategic relationships with the world’s leading cloud providers, proven delivery methodologies, platform-agnostic approach and worldwide network of highly specialized experts, the company provide the capabilities and practical guidance customers need to successfully embrace IT change and move their businesses forward.
DEAL STATS | # |
---|---|
Overall | 5 of 6 |
Sector (Internet Software and Services) | 3 of 3 |
Type (Add-on Acquisition) | 4 of 5 |
State (North Carolina) | 1 of 1 |
Country (United States) | 4 of 5 |
Year (2021) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-08-26 |
NaviSite
Andover, Massachusetts, United States NaviSite, Inc. is a provider of enterprise-class, cloud-enabled hosting, managed applications and services. NaviSite provides a full suite of reliable and scalable managed services, including Application Services, industry-leading Enterprise Hosting, and Managed Cloud Services for enterprises looking to outsource IT infrastructure and lower their capital and operational costs. Enterprise customers depend on NaviSite for customized solutions, delivered through a global footprint of state-of-the-art data centers. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-11-10 |
EightCloud
Kirkland, Washington, United States EightCloud provides extraordinary depth and breadth of Salesforce expertise with much greater efficiency than the traditional consulting model. As a Salesforce Consulting Partner, EightCloud is a trusted advisor to mid-and large-sized businesses, government agencies, and non-profits, guiding them to a better future with customized advisory, implementation, and managed services. EightCloud was formed in 2011 and is based in Kirkland, Washington. |
Buy | - |
Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $25 and $200 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.
DEAL STATS | # |
---|---|
Overall | 8 of 11 |
Sector (Internet Software and Services) | 5 of 5 |
Type (Add-on Acquisition) | 3 of 6 |
State (North Carolina) | 1 of 1 |
Country (United States) | 6 of 8 |
Year (2021) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-12-08 |
Cybera
Franklin, Tennessee, United States Cybera is a provider of security as a service virtual application networks to enterprises. Cybera solves the networking and security needs of highly distributed enterprises. Cybera was founded in 2001 and is based in Franklin, Tennessee. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-04-08 |
Loopio
Toronto, Ontario, Canada Loopio is a software provider that helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires. With Loopio, teams can respond faster, improve response quality, and win more business. Loopio is one of Canada’s fastest-growing tech startups. Loopio was founded in 2014 and is based in Toronto, Ontario. |
Buy | - |
Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.
DEAL STATS | # |
---|---|
Overall | 17 of 25 |
Sector (Internet Software and Services) | 1 of 1 |
Type (Add-on Acquisition) | 2 of 3 |
State (North Carolina) | 3 of 3 |
Country (United States) | 9 of 11 |
Year (2021) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-12-09 |
Wedgewood Pharmacy
Swedesboro, New Jersey, United States Wedgewood Pharmacy is a pharmacy specializing in animal health, addiction medicine, and urology. Wedgewood has a broad and diverse portfolio of offerings, leading to low customer and stock concentration; holds strategic partnerships with veterinary corporate groups; and offers a defined value proposition to veterinary clinics and pet owners. Wedgewood Pharmacy was founded in 1980 and is based in Swedesboro, New Jersey. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-01-07 |
Careismatic Brands
Chatsworth, California, United States Careismatic Brands is a designer, marketer, and distributor of high-quality uniforms, footwear and accessories to retailers. The company manufactures products through multiple brands. Careismatic Brands was founded in 1995 and is based in Chatsworth, California. |
Buy | - |