M&A Deal Summary

Telus Digital Acquires AFS Technologies

On November 12, 2020, Telus Digital acquired software company AFS Technologies from STG

Acquisition Highlights
  • This is Telus Digital’s 2nd transaction in the Software sector.
  • This is Telus Digital’s 4th transaction in the United States.
  • This is Telus Digital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2020-11-12
Target AFS Technologies
Sector Software
Buyer(s) Telus Digital
Sellers(s) STG
Deal Type Add-on Acquisition

Target

AFS Technologies

Phoenix, Arizona, United States
AFS Technologies is a provider of fully integrated business software solutions, specifically engineered for the Food and Beverage industries. AFS new Service Oriented Architecture (SOA), based on Web Services and built on Microsoft. NET Framework 2.0, provides its customers with greater IT flexibility, increased scalability of their existing systems, and more powerful functionality, all at an affordable price. AFS Technologies was founded in 1985 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Telus Digital

Vancouver, British Columbia, Canada

Category Company
Founded 2005
Sector Information Technology
Employees78,569
Revenue 2.7B USD (2024)
DESCRIPTION

TETelus Digital is a provider of customer service, IT, and business process services to industry leaders across the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care sectors. Telus Digital was founded in 2005 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 5 of 7
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 7
State: Arizona M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Agrian

Clovis, California, United States

Agrian provides users access to database for crop protection worldwide. Agrian was founded in 2004 and is based in Clovis, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Playment

Bangalore, India

Playment is a provider in data annotation and computer vision tools and services specialized in 2D and 3D image, video and LiDAR (light detection and ranging) - a remote sensing method that uses laser pulses to measure variable distances. Playment was founded in 2015 and is based in Bangalore, India.

Buy -

Seller(S) 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 24 of 34
Sector: Software M&A 9 of 13
Type: Add-on Acquisition M&A Deals 12 of 16
State: Arizona M&A 2 of 2
Country: United States M&A 16 of 23
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Nomis Solutions

San Francisco, California, United States

Nomis Solutions is a fast-growing Fintech software company that combines cutting-edge Silicon Valley approaches to big data, advanced modeling, and deep analytics into the industry-leading price optimization SaaS software platform. The company helps large and medium-sized retail banks better understand their customers and grow their businesses. It helps these banks deliver win-win products and pricing in an environment that is increasingly competitive and highly disruptive. Nomis Solutions was founded in 2004 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Warpwire

Durham, North Carolina, United States

Warpwire is a video management company for enterprise and educational institutions whose users require a secure, simple, and reliable system for hosting media content. Warpwire was founded in 2013 and is based in Durham, North Carolina.

Buy -