M&A Deal Summary

SecureKloud Acquires Cornerstone Advisors Group

On December 20, 2016, SecureKloud acquired information technology company Cornerstone Advisors Group

Acquisition Highlights
  • This is SecureKloud’s 1st transaction in the Information Technology sector.
  • This is SecureKloud’s 4th transaction in the United States.
  • This is SecureKloud’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-12-20
Target Cornerstone Advisors Group
Sector Information Technology
Buyer(s) SecureKloud
Deal Type Add-on Acquisition

Target

Cornerstone Advisors Group

Georgetown, Connecticut, United States
Cornerstone Advisors Group LLC is a US Healthcare Information Technology Company provides executive level Information Technology Advisory, Consulting, and Implementation services to the healthcare provider industry. Cornerstone partners with every client in order to drive meaningful change, add value and maximize return on investment by delivering Company’s Consulting and Technology Implementation Services to leading US Healthcare providers. Cornerstone’s vast areas of expertise include: Population Health and ACO Enablement, Physician and Post-Acute Care Integration, EMR Selection and Implementation, Strategy Definition and Total Cost of Ownership Planning,Compliance, Change Management, and Value Realization.

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Buyer(S) 1

Buyer

SecureKloud

Chennai, India

Category Company
Founded 1985
Sector Software
Employees166
Revenue 1.7B INR (2025)
DESCRIPTION

SecureKloud is a cloud & security solutions company provides digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers. SecureKloud was founded in 1985 and is based in Chennai, Tamilnadu.


DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Connecticut M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Cintel Systems - Assets

Pleasanton, California, United States

Buy $4M