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  6. SoftServe Acquires Hoverstate

M&A Deal Summary

SoftServe Acquires Hoverstate

On June 7, 2023, SoftServe acquired information technology company Hoverstate

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

M&A Deal Summary
Date 2023-06-07
Target Hoverstate
Sector Information Technology
Buyer(s) SoftServe
Deal Type Add-on Acquisition

Target

Hoverstate

Woodland Hills, California, United States
Hoverstate is a full-service digital agency focusing on digital strategy, mobile apps, web development and business applications with a deep expertise in the health insurance, pharmaceutical, and life sciences industries. The main capabilities are: AppDev, Service Design/CX/UX, UI, DevOps & Infrastructure, Big Data, AI/ML, RPA, Consultancy across primarily Healthcare and Media, Education, Financial Services verticals. Hoverstate was founded in 2008 and is based in Woodland Hills, California.

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Buyer(S) 1

Buyer

SoftServe

Austin, Texas, United States
Category Company
Founded 1993
Sector Information Technology
DESCRIPTION

SoftServe, Inc. is a software application development and consulting company. SoftServe provides solving complex business problems, creating industry disrupting technology and accelerating growth and innovation while optimizing operational efficiency.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Coders Center sp. z o.o.

Wrocław, Poland

Coders Center sp. z o.o. is an enterprise technology firm. Coders Center specializes in enterprise content management systems (ECMS) and e-commerce platforms.

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