M&A Deal Summary

Scantron Acquires C-Net Systems

On July 30, 2024, Scantron acquired information technology company C-Net Systems

Acquisition Highlights
  • This is Scantron’s 6th transaction in the Information Technology sector.
  • This is Scantron’s 8th transaction in the United States.
  • This is Scantron’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-07-30
Target C-Net Systems
Sector Information Technology
Buyer(s) Scantron
Deal Type Add-on Acquisition
Advisor(s) Quoin Capital LLC (Financial)

Target

C-Net Systems

Shelby Township, Michigan, United States
C-Net Systems is a managed service provider with a focus on helping businesses grow, C-Net works closely with clients, providing the IT support and guidance they need, allowing them to focus on their core business while they manage their IT needs. C-Net Systems was formed in 1998 and is headquartered in Shelby Township, Michigan.

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Buyer(S) 1

Buyer

Scantron

Eagan, Minnesota, United States
Category Company
Founded 1972
Sector Software
DESCRIPTION
Scantron's corporate headquarters in Eagan, Minnesota.
Scantron's corporate headquarters in Eagan, Minnesota.

Scantron is a technology and services-driven company that empowers growth through intelligent, mission-critical assessment, technology, and data capture solutions for business, education, certification, and government clients around the world. Scantron was founded in 1972 and is based in Eagan, Minnesota.

DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 8 of 8
State (Michigan) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Btech

Pasadena, California, United States

Btech is a provider of cost-effective managed IT and security services tailored specifically for credit unions. Btech was founded in 2000 and is based in Pasadena, California.

Buy -
Mergr

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