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  6. Prodea Acquires Arrayent

M&A Deal Summary

Prodea Acquires Arrayent

On July 26, 2017, Prodea acquired internet software and services company Arrayent

Acquisition Highlights
  • This is Prodea’s 1st transaction in the Internet Software and Services sector.
  • This is Prodea’s 1st transaction in the United States.
  • This is Prodea’s 1st transaction in California.

M&A Deal Summary
Date 2017-07-26
Target Arrayent
Sector Internet Software and Services
Buyer(s) Prodea
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Arrayent

Redwood City, California, United States
Arrayent, Inc. is an IoT cloud services to develop new market opportunities and business models with innovative connected products. Arrayent is based in Redwood City, California.

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Buyer(S) 1

Buyer

Prodea

Richardson, Texas, United States
Category Company
Founded 2006
Sector Internet Software and Services
DESCRIPTION

Prodea is a technology and services company operating at the edge of the Connected Home market. Operating in the Internet of Things space, Prodea’s Residential Operating System (ROS) provides a full suite of managed services that work seamlessly on any operating system and any screen. Prodea was founded in 2006 and is based in Richardson, Texas.

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: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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