M&A Deal Summary

Prestige Wealth Acquires InnoSphere Tech

On November 8, 2024, Prestige Wealth acquired information technology company InnoSphere Tech for 2M USD

Acquisition Highlights
  • This is Prestige Wealth’s 1st transaction in the Information Technology sector.
  • This is Prestige Wealth’s largest (disclosed) transaction.
  • This is Prestige Wealth’s 1st transaction in Virgin Islands (British).

M&A Deal Summary
Date 2024-11-08
Target InnoSphere Tech
Sector Information Technology
Buyer(s) Prestige Wealth
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

InnoSphere Tech

Virgin Islands (British)
InnoSphere Tech is a technology company that leverages its advantages in web scraping technology to collect data on finance, wealth management, and related industries according to international standards. InnoSphere Tech is based in the British Virgin Islands.

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Buyer(S) 1

Buyer

Prestige Wealth

Hong Kong, China
Category Company
Sector Financial Services
DESCRIPTION

Prestige Wealth is a wealth management and asset management services provider that assists its clients in identifying and purchasing wealth management products and global asset management products. Prestige Wealth is based in Hong Kong, China.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Virgin Islands (British)) 1 of 1
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-23 Wealth AI

Singapore, Singapore

Wealth AI offers personalized, cost-effective wealth management solutions using artificial intelligence. Wealth AI was founded in 2022 and is based in Singapore.

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