M&A Deal Summary

Summit Hosting Acquires Deft

On February 28, 2024, Summit Hosting acquired information technology company Deft

Acquisition Highlights
  • This is Summit Hosting’s 3rd transaction in the Information Technology sector.
  • This is Summit Hosting’s 3rd transaction in the United States.
  • This is Summit Hosting’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-02-28
Target Deft
Sector Information Technology
Buyer(s) Summit Hosting
Deal Type Add-on Acquisition

Target

Deft

Elk Grove Village, Illinois, United States
Deft is a trusted provider of managed IT services for SMBs to the Fortune 500. Deft provide colocation, cloud, and network services in top data centers worldwide. Deft was founded in 1999 and is based in Elk Grove Village, Illinois

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Buyer(S) 1

Buyer

Summit Hosting

Alpharetta, Georgia, United States
Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Summit Hosting is a cloud hosting provider for financial applications, including QuickBooks, Sage, and SAP Programs in North America. Summit Hosting has been offering top-tier hosting platforms for customers worldwide, with over 8,000 servers and 30,000 end-users running in our environments. Summit Hosting was founded in 2005 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 Handy Networks

Greenwood Village, Colorado, United States

Handy Networks is a hosting company that provides colocation, dedicated server hosting, managed server hosting, managed security services, cloud hosting services and various other solutions. Handy Networks was founded in 2000 and is based in Greenwood Village, Colorado.

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