Divestiture • Internet Software and Services

NeoCloud Acquires Bi101 - Cloud Services Business

On July 9, 2017, NeoCloud acquired internet software and services company Bi101 - Cloud Services Business from Business Intelligence 101

Acquisition Context
  • This is NeoCloud’s 1st transaction in the Internet Software and Services sector.
  • This is NeoCloud’s 1st transaction in the United States.
  • This is NeoCloud’s 1st transaction in California.

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M&A Deal Summary

Date July 9, 2017
Target Bi101 - Cloud Services Business
Sector Internet Software and Services
Buyer(s) NeoCloud
Sellers(s) Business Intelligence 101
Deal Type Divestiture

Target Company

Bi101 - Cloud Services Business

Livermore, California, United States
Bi101 - Cloud Services Business is a cloud consulting provider.
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Buyer Overview 1

Buyer

NeoCloud

Raleigh, North Carolina, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

NeoCloud is a provider of managed cloud solutions designed to help businesses be more secure, reliable and efficient. NeoCloud is headquartered in Raleigh, North Carolina.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

Seller Profile 1

SELLER

Business Intelligence 101

Livermore, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Business Intelligence 101(Bi101) is a provider in the implementation of ERP systems and specialized applications for software + professional service professionals. Business Intelligence 101 was established in 2004 and is headquartered in Livermore, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1