M&A Deal Summary

SciSys Acquires ANNOVA Systems

On November 24, 2016, SciSys acquired internet software and services company ANNOVA Systems for 11M EUR

Acquisition Highlights
  • This is SciSys’ 2nd transaction in the Internet Software and Services sector.
  • This is SciSys’ 0th largest (disclosed) transaction.
  • This is SciSys’ 1st transaction in Germany.

M&A Deal Summary
Date 2016-11-24
Target ANNOVA Systems
Sector Internet Software and Services
Buyer(s) SciSys
Deal Type Add-on Acquisition
Deal Value 11M EUR

Target

ANNOVA Systems

Munich, Germany
ANNOVA Systems GmbH is a supplier of newsroom software systems. ANNOVA Systems GmbH was established in 2007 and is headquartered in Munich, Germany.

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Buyer(S) 1

Buyer

SciSys

Chippenham, United Kingdom
Category Company
Founded 1980
Sector Information Technology
Employees679
Revenue 58M GBP (2018)
DESCRIPTION

SciSys is a developer of information and communications technology services, e-Business, web and mobile applications and advanced technology solutions. SciSys was founded in 1980 and is based in Chippenham, England.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Germany) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 Xibis

Oadby, United Kingdom

Xibis Ltd. is a provider of web and mobile application development services.

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