M&A Deal Summary

Solvd Acquires EastBanc Technologies

On October 7, 2024, Solvd acquired software company EastBanc Technologies

Acquisition Highlights
  • This is Solvd’s 1st transaction in the Software sector.
  • This is Solvd’s 1st transaction in the United States.
  • This is Solvd’s 1st transaction in District of Columbia.

M&A Deal Summary
Date 2024-10-07
Target EastBanc Technologies
Sector Software
Buyer(s) Solvd
Deal Type Add-on Acquisition

Target

EastBanc Technologies

Washington, District of Columbia, United States
EastBanc Technologies is a software development company that creates cutting-edge technology solutions for customers worldwide in the commercial, enterprise and federal, state and local government sectors. EastBanc Technologies was founded in 1999 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Solvd

Roseville, California, United States
Category Company
Founded 2011
Sector Information Technology
DESCRIPTION

Solvd is a global technology consultancy and software engineering company that has built a core competency in software QA and test automation consulting and its solutions have broadened to include custom app development, DevOps, and AR/VR development among other solutions which the Company has developed to meet their client's growing needs. Solvd was founded in 2011 and is based in Roseville, Carlifornia.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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