M&A Deal Summary

Relevance Lab Acquires Cignex

On December 19, 2019, Relevance Lab acquired information technology company Cignex from Datamatics Global Services

Acquisition Highlights
  • This is Relevance Lab’s 1st transaction in the Information Technology sector.
  • This is Relevance Lab’s 1st transaction in the United States.
  • This is Relevance Lab’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-12-19
Target Cignex
Sector Information Technology
Buyer(s) Relevance Lab
Sellers(s) Datamatics Global Services
Deal Type Divestiture

Target

Cignex

Livonia, Michigan, United States
CIGNEX Datamatics is a consulting company offering solutions & services on open source, cloud, and automation. CIGNEX Datamatics was founded in 2000 and is based in Livonia, Michigan.

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Buyer(S) 1

Buyer

Relevance Lab

San Jose, California, United States

Category Company
Sector Information Technology
DESCRIPTION

Relevance Lab is a specialized IT services company with re-usable technology assets in the DevOps, Cloud, Automation, Digital, Service Delivery, and Agile Analytics domains. Relevance Lab is based in San Jose, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Datamatics Global Services

Mumbai, India

Category Company
Founded 1975
Sector Information Technology
DESCRIPTION

Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around “Data to Intelligence”, wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 TechJini Solutions Pvt.

Bangalore, India

Techjini Solutions is a software services company with a presence in the US, and has a specialized focus on digital experiences and mobile based web application development and maintenance services. With 250 employees, TechJini caters to over 35 companies across business verticals such as media, engineering, manufacturing and start-ups. TechJini is one of the first 13 companies in the world to be certified under the Google Developer Agency Program.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Dextara Digital

Westerville, Ohio, United States

Dextara Digital is a Salesforce Summit (Platinum) Consulting and ISV partner and has more than 250 Salesforce certifications. Dextara Digital was founded in 2019 and is based in Westerville Ohio.

Buy -