M&A Deal Summary

Sollensys Acquires Celerit

On April 5, 2022, Sollensys acquired information technology company Celerit

Acquisition Highlights
  • This is Sollensys’ 1st transaction in the Information Technology sector.
  • This is Sollensys’ 2nd transaction in the United States.
  • This is Sollensys’ 1st transaction in Arkansas.

M&A Deal Summary
Date 2022-04-05
Target Celerit
Sector Information Technology
Buyer(s) Sollensys
Deal Type Add-on Acquisition

Target

Celerit

Little Rock, Arkansas, United States
Celerit engages in information technology services and products that offer customized solutions to meet the technology needs of the banking and financial service industry clients. Celerit was established in 1985 and is based in Little Rock, Arkansas.

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Buyer(S) 1

Buyer

Sollensys

Palm Bay, Florida, United States
Category Company
Sector Information Technology
Employees3
DESCRIPTION

Sollensys is a math, science, technology, and engineering solutions company offering products that ensure its clients' data integrity through collection, storage, and transmission. Sollensys is based in Palm Bay, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Arkansas) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Abstract

Magnolia, Texas, United States

Abstract is a state-of-the-art AR/VR (augmented reality/virtual reality) company that built proprietary training modules for large organizations such as Rolls Royce, Eaton Corporation, Schlumberger, and Texas A&M University. Abstract was founded in 2011 and is based in Magnolia, Texas.

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