Divestiture • Information Technology

Sirius Acquires Avnet - Digital Software Solution Services Assets

On September 18, 2015, Sirius acquired information technology company Avnet - Digital Software Solution Services Assets from Avnet

Acquisition Context
  • This is Sirius’ 4th transaction in the Information Technology sector.
  • This is Sirius’ 4th transaction in the United States.

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M&A Deal Summary

Date September 18, 2015
Target Avnet - Digital Software Solution Services Assets
Sector Information Technology
Buyer(s) Sirius
Sellers(s) Avnet
Deal Type Divestiture

Target Company

Avnet - Digital Software Solution Services Assets

United States
Avnet - Digital Software Solution Services Assets supports and offers strategy consulting and digital solutions for specific IBM Software services around commerce, mobility, digital experience, social, and portal and are located in the United States.
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Buyer Overview 1

Buyer

Sirius

San Antonio, Texas, United States

Category Company
Founded 1980
Sector Information Technology
Employees2,700
Revenue 2.0B USD (2020)
DESCRIPTION

Sirius is a privately held, leading national solutions integrator focused on helping organizations transform their business by managing their operations, optimizing their IT, and securing it all. Sirius was founded in 1980 and is based in San Antonio, Texas.


Deal Context for Buyer #
Overall 4 of 9
Sector: Information Technology 4 of 9
Type: Divestiture 1 of 1
Country: United States 4 of 9
Year: 2015 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Varrow

Greensboro, North Carolina, United States

Varrow, Inc. focus on providing world-class technology solutions through advanced consulting, design and managed services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Force 3

Crofton, Maryland, United States

Force 3, Inc. is a network security company, providing infrastructure services to design, deploy, support and maintain clients’ technology needs. Force 3 boasts the only dedicated support service offering in the Federal market, ensuring optimal uptime to keep your infrastructure efficiently running.

Buy -

Seller Profile 1

SELLER

Avnet

Phoenix, Arizona, United States

Category Company
Founded 1921
Sector Distribution
Employees15,462
Revenue 23.8B USD (2024)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.


Deal Context for Seller #
Overall 4 of 7
Sector: Information Technology 3 of 4
Type: Divestiture 4 of 7
Country: United States 3 of 5
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 MSC Investoren

Stutensee, Germany

MSC Investoren GmbH is a European distributor focused on electronic component distribution, embedded computing technology and display solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Orchestra Service

Munich, Germany

Orchestra Service GmbH is a distributor focused on backup and recovery, archiving, high availability replication and storage.

Buy -