Add-on Acquisition • Software

Pantek Acquires Pencilneck Software

On June 13, 2016, Pantek acquired software company Pencilneck Software

Acquisition Context

This is Pantek’s 1st transaction in the Software sector.
This is Pantek’s 1st transaction in Canada.
This is Pantek’s 1st transaction in British Columbia.

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M&A Deal Summary
Date	June 13, 2016
Target	Pencilneck Software
Sector	Software
Buyer(s)	Pantek
Deal Type	Add-on Acquisition

Target Company

Pencilneck Software

Vancouver, British Columbia, Canada

Pencilneck Software is a web software development company focused on the development of online products and online service offerings. Pencilneck was formed in 2003 and is based in Vancouver, British Columbia.

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Buyer Overview 1

Buyer

Pantek

Independence, Ohio, United States

Category	Company
Founded	1995
Sector	Information Technology

DESCRIPTION

Pantek, Inc. is a provider of IT Services to companies using Linux and Open-Source Software. Pantek was formed in 1995 and is based in Independence, Ohio.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: British Columbia	1 of 1
Country: Canada	1 of 1
Year: 2016	1 of 1

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