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  6. Quantela Acquires CIMCON Lighting

M&A Deal Summary

Quantela Acquires CIMCON Lighting

On August 3, 2021, Quantela acquired internet software and services company CIMCON Lighting from Digital Alpha

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

M&A Deal Summary
Date 2021-08-03
Target CIMCON Lighting
Sector Internet Software and Services
Buyer(s) Quantela
Sellers(s) Digital Alpha
Deal Type Add-on Acquisition

Target

CIMCON Lighting

Burlington, Massachusetts, United States
CIMCON Lighting is a provider of smart lighting and smart city technologies. CIMCON Lighting was founded in 2012 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Quantela

Billerica, Massachusetts, United States
Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Quantela is an Outcomes-as-a-Service (OaaS) company that specializes in urban infrastructure digitization. Quantela was founded in 2015 and is based in Billerica, Massachusetts.

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: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Digital Alpha

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Focused
DESCRIPTION

Digital Alpha is an alternative investor focused on digital infrastructure. The Firm seeks growth opportunities with a specific interest in next generation networks, the cloud, and the Internet of Things. Digital Alpha was founded in 2017 and is based in Henderson, Nevada.

DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sharecare

Atlanta, Georgia, United States

Sharecare is a digital health company that helps people consolidate and manage various components of their health in one place, regardless of where they are on their health journey. Sharecare provides the messaging, motivation, management, and measurement tools to help individuals, workforces, and communities optimize their comprehensive well-being. Sharecare was founded in 2010 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 DTiQ

Framingham, Massachusetts, United States

DTiQ is a provider of video surveillance solutions, loss prevention, and business intelligence solutions to the quick-serve restaurant, hospitality, and retail industries. DTiQ was founded in 1998 and is based in Framingham, Massachusetts.

Buy -
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