M&A Deal Summary

TietoEVRY Acquires MentorMate

On July 21, 2023, TietoEVRY acquired software company MentorMate

Acquisition Highlights
  • This is TietoEVRY’s 7th transaction in the Software sector.
  • This is TietoEVRY’s 1st transaction in the United States.
  • This is TietoEVRY’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-07-21
Target MentorMate
Sector Software
Buyer(s) TietoEVRY
Deal Type Add-on Acquisition

Target

MentorMate

Minneapolis, Minnesota, United States
MentorMate a digital engineering company providing advanced digital engineering services, human-centered design, data, and AI capabilities. MentorMate is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

TietoEVRY

Espoo, Finland
Category Company
Founded 1968
Sector Information Technology
Employees23,833
Revenue 2.9B EUR (2023)
DESCRIPTION

TietoEVRY is an information technology services company providing product development and consultation services. TietoEVRY was founded in 1968 and is based in Espoo, Finland.

DEAL STATS #
Overall 16 of 16
Sector (Software) 7 of 7
Type (Add-on Acquisition) 14 of 14
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 TietoEVRY Oyj - Oil & Gas software business

Espoo, Finland

TietoEVRY Oyj's Oil & Gas software business is a provider of hydrocarbon management solutions, personnel, and material logistics software, and related services with installations in more than 50 countries. TietoEVRY Oyj's Oil & Gas software business is based in Espoo, Finland.

Sell -
Mergr

Product

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