M&A Deal Summary

Rock Solid Acquires Swagit

On May 20, 2022, Rock Solid acquired media company Swagit

Acquisition Highlights
  • This is Rock Solid’s 1st transaction in the Media sector.
  • This is Rock Solid’s 3rd transaction in the United States.
  • This is Rock Solid’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-05-20
Target Swagit
Sector Media
Buyer(s) Rock Solid
Deal Type Add-on Acquisition

Target

Swagit

Dallas, Texas, United States
Swagit is a provider of streaming solutions and tech-enabled AV production services for local government entities nationwide. Swagit turnkey solutions combine a cloud platform for live streaming to the web and across social platforms, public access to on-demand media through hands-free video streaming, and unique managed services for remote video production. Swagit was founded in 2003 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Rock Solid

San Juan, Puerto Rico
Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

Rock Solid is a software and IT services company recognized as one of the top software engineering companies in Puerto Rico, the United States, and Latin America. Rock Solid was recently selected to provide Respond, a citizen services software (311), for the cities of New Orleans, LA, and Winston-Salem, NC. New Orleans joins the list of cities where Rock Solid Technologies has a presence. In addition, the city of Burlington in Ontario, Canada, and more than thirty-five municipalities in Puerto Rico use the RESPOND tool as their platform to offer residents the ability to report issues and open requests for citizen services. Rock Solid was founded in 1994 and is based in San Juan, Puerto Rico.

DEAL STATS #
Overall 3 of 3
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 PrimeGov

Scottsdale, Arizona, United States

Formed in 2014, PrimeGov is a provider of virtual public meeting participation and agenda management solutions for local government. The company delivers solutions to over 180 local government agencies including Los Angeles, Fremont, Las Vegas, San Antonio, Columbus, and Baltimore County. With PrimeGov, local governments can seamlessly host hybrid meetings with remote voting capabilities--saving time, increasing efficiency, and promoting transparency to their constituents.

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