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  6. Netgain Technology Acquires Afinety

M&A Deal Summary

Netgain Technology Acquires Afinety

On August 1, 2018, Netgain Technology acquired information technology company Afinety

Acquisition Highlights
  • This is Netgain Technology’s 1st transaction in the Information Technology sector.
  • This is Netgain Technology’s 2nd transaction in the United States.
  • This is Netgain Technology’s 2nd transaction in California.

M&A Deal Summary
Date 2018-08-01
Target Afinety
Sector Information Technology
Buyer(s) Netgain Technology
Deal Type Add-on Acquisition
Advisor(s) Reynolds Advisory Partners (Financial)

Target

Afinety

Encino, California, United States
Afinety, Inc. is a provider of full range IT services for small- and medium-sized businesses. Specializing in law firms, Afinety services include cloud and onsite network consultation, design, implementation, monitoring, system security, disaster recovery systems, training, macros and templates for law firms, anti-SPAM and virus screening, remote and onsite tech support and help desk services. Afinety’s business model is simple: provide the best IT support and services with tested solutions that simply work.

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Buyer(S) 1

Buyer

Netgain Technology

Minneapolis, Minnesota, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Netgain Technology provides managed IT services the accounting, Legal, and healthcare industries. Clients rely on our turnkey cloud-enabled solutions and our deep expertise across public cloud, business, and accounting applications to efficiently run their businesses across an increasingly distributed and remote workforce. Netgain Technology was founded in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 iManaged Solutions

California, United States

iManaged Solutions LLC is a provider of cloud services to optometry practices. Company began by designing and mass marketing a private, reliable and cost effective private cloud solution for users of OfficeMate®, the leading EMR software in eyecare. With continued growth, exceptionally strong customer satisfaction ratings and enhanced strategic alliances, iManaged Solutions developed exclusive partnerships and expanded infrastructure and offerings. In addition to Private Cloud solutions, iManaged Solutions provides complete back-end infrastructure and services for multiple independent EMR software vendors both in and outside of eyecare.

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