M&A Deal Summary

Simform and SoFriendly Acquire Newton

On May 13, 2020, Simform and SoFriendly acquired internet software and services company Newton

Acquisition Highlights
  • This is Simform’s 1st and SoFriendly’s 1st transaction in the Internet Software and Services sector.
  • This is Simform’s 1st and SoFriendly’s 1st transaction in the United States.
  • This is Simform’s 1st and SoFriendly’s 1st transaction in California.

M&A Deal Summary

Date 2020-05-13
Target Newton
Sector Internet Software and Services
Buyer(s) Simform
SoFriendly
Deal Type Add-on Acquisition

Target

Newton

Palo Alto, California, United States
CloudMagic, Inc. is an email management app based in Palo Alto, California.

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Buyer(S) 2

Buyer

Simform

Orlando, Florida, United States

Category Company
Founded 2010
Sector Internet Software and Services
Employees300
DESCRIPTION

Simform is a software development company with a mission to help successful companies extend their tech capacity. Simform was established in 2010 and is based in Orlando, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Armakuni

London, United Kingdom

Armakuni, an AWS Partner, rose to prominence by helping UK-based charity Comic Relief leverage the cloud to achieve high-volume e-commerce transactions during the Red Nose Day TV programme on BBC One. Armakuni was founded in 2012 and is based in London, England.

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Buyer

SoFriendly

Orlando, Florida, United States

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

SoFriendly provides app design, app development, app store optimization (ASO), and search engine optimization services. SoFriendly was established in 2011 and is based in Orlando, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1