M&A Deal Summary

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 Highlights
  • 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.

M&A Deal Summary

Date 2017-07-09
Target Bi101 - Cloud Services Business
Sector Internet Software and Services
Buyer(s) NeoCloud
Sellers(s) Business Intelligence 101
Deal Type Divestiture

Target

Bi101 - Cloud Services Business

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

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 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 STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 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 STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1