M&A Deal Summary

Phunware Acquires Lyte Technology

On September 13, 2021, Phunware acquired technology hardware company Lyte Technology for 10M USD

Acquisition Highlights
  • This is Phunware’s 1st transaction in the Technology Hardware sector.
  • This is Phunware’s 2nd largest (disclosed) transaction.
  • This is Phunware’s 4th transaction in the United States.
  • This is Phunware’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-09-13
Target Lyte Technology
Sector Technology Hardware
Buyer(s) Phunware
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Lyte Technology

Gurnee, Illinois, United States
Lyte Technology is a computer company that specializes in marketing and distributing custom, high-end computer systems off-the-shelf with advanced graphic processing units for gaming, streaming and cryptocurrency mining. Lyte Technology was founded in 2018 and is based in Gurnee, Illinois.

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Buyer(S) 1

Buyer

Phunware

Austin, Texas, United States
Category Company
Founded 2009
Sector Software
Employees25
Revenue 5M USD (2023)
DESCRIPTION

Phunware is the pioneer of Multiscreen as a Service (MaaS), a fully integrated enterprise software platform for mobile that provides companies the products, solutions and data and services necessary to engage, manage and monetize their mobile application audiences globally at scale that allows brands to engage, manage and monetize their anytime, anywhere mobile application users worldwide. Phunware was founded in 2009 and is based in Austin, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 30 Second Software

Austin, Texas, United States

30 Second Software, Inc. (dba Digby) is a software as a service provider of mobile commerce solutions for top retailers.

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