M&A Deal Summary

Prometheus Group Acquires Solufy Information Technologies

On October 2, 2018, Prometheus Group acquired software company Solufy Information Technologies

Acquisition Highlights
  • This is Prometheus Group’s 2nd transaction in the Software sector.
  • This is Prometheus Group’s 1st transaction in Canada.
  • This is Prometheus Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2018-10-02
Target Solufy Information Technologies
Sector Software
Buyer(s) Prometheus Group
Deal Type Add-on Acquisition

Target

Solufy Information Technologies

Ottawa, Ontario, Canada
Solufy Information Technologies, Inc. is an Ottawa-based software company that has successfully developed and commercialized a solution for enhancing and simplifying planning, scheduling and data management in IBM’s complex enterprise asset management (EAM) solution Maximo.

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Buyer(S) 1

Buyer

Prometheus Group

Raleigh, North Carolina, United States

Category Company
Founded 1998
Sector Software
DESCRIPTION

Prometheus Group is a global provider of comprehensive and intuitive enterprise asset management software solutions specializing in improving the efficiency and effectiveness of maintenance planning, scheduling, and execution. Developed jointly with end users, Prometheus software enhances the customer experience with intuitive functionality, graphical visualization, and simple processes, enabling the company’s customers to increase productivity, reduce costs and improve reporting. Prometheus Group was founded in 1998 and is based in Raleigh, North Carolina.


DEAL STATS #
Overall 4 of 16
Sector: Software M&A 2 of 13
Type: Add-on Acquisition M&A Deals 4 of 15
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 3
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 DataSplice

Fort Collins, Colorado, United States

DataSplice LLC is an enterprise mobile platform solution provider, enabling companies to easily integrate their enterprise asset management systems with mobile devices, providing users the ability to access, view and update data from multiple sources on a single device. DataSplice provides mobile platform solutions for integrating IBM Maximo, Oracle EAM, SAP PM and ArcGIS. DataSplice was founded in 2001 and is based in Fort Collins, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 Engica

Gateshead, United Kingdom

Engica is a provider of pioneering, multi-lingual, software for maintenance and safety management to a diverse client base of blue-chip companies around the world. Engica was founded in 1981 and is based in Gateshead, United Kingdom.

Buy -