M&A Deal Summary

Praecipio Acquires Avant Systems

On May 2, 2023, Praecipio acquired internet software and services company Avant Systems

Acquisition Highlights
  • This is Praecipio’s 1st transaction in the Internet Software and Services sector.
  • This is Praecipio’s 1st transaction in Canada.
  • This is Praecipio’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2023-05-02
Target Avant Systems
Sector Internet Software and Services
Buyer(s) Praecipio
Deal Type Add-on Acquisition

Target

Avant Systems

Winnipeg, Manitoba, Canada
Avant Systems is a cloud-first business and technology consulting firm. Avant Systems is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Praecipio

Austin, Texas, United States
Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Praecipio is an interdisciplinary process framework and technology consulting firm specializing in ITSM, Scaled Agile, DevOps, and others. Praecipio was founded in 2006 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Coyote Creek

Morgan Hill, California, United States

Coyote Creek is an Atlassian Platinum Solution Partner focused on helping organizations apply business transformation solutions in large-scale, high-growth environments. Pragmatic and vendor-neutral, the company brings deep expertise to help customers manage technology and project risk, inspiring confidence and creating peace of mind. Coyote Creek was formed in 1998 and is based in Morgan Hill, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-13 Gurnet

Boston, Massachusetts, United States

Gurnet is an Atlassian-specialized management consulting firm. Gurnet was founded in 2008 and is based in Boston, Massachusetts.

Buy -
Mergr

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