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M&A Deal Summary

OutSystems Acquires Ionic

On November 7, 2022, OutSystems acquired internet software and services company Ionic

Acquisition Highlights
  • This is OutSystems’ 1st transaction in the Internet Software and Services sector.
  • This is OutSystems’ 1st transaction in the United States.
  • This is OutSystems’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-11-07
Target Ionic
Sector Internet Software and Services
Buyer(s) OutSystems
Deal Type Add-on Acquisition
Advisor(s) JMP Securities (Financial)
Polsinelli (Legal)

Target

Ionic

Madison, Wisconsin, United States
Ionic provides a platform for building mobile and desktop applications using web technology to help clients meet the demand for mobile across their businesses. Ionic was formed in 2012 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

OutSystems

Boston, Massachusetts, United States
Category Company
Founded 2001
Sector Internet Software and Services
DESCRIPTION

OutSystems provides a platform that enables enterprise customers to rapidly develop software applications in a “low code” environment using a visual, model-based approach, instead of traditional programming methods. OutSystems was founded in 2001 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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