M&A Deal Summary

Tolt Solutions Acquires Unity Managed Network Services

On July 1, 2014, Tolt Solutions acquired distribution company Unity Managed Network Services from iPass

Acquisition Highlights
  • This is Tolt Solutions’ 1st transaction in the Distribution sector.
  • This is Tolt Solutions’ 2nd transaction in the United States.

M&A Deal Summary

Date 2014-07-01
Target Unity Managed Network Services
Sector Distribution
Buyer(s) Tolt Solutions
Sellers(s) iPass
Deal Type Divestiture

Target

Unity Managed Network Services

United States
Unity Managed Network Services division (“Unity”), a leading provider of retail and distributed enterprise network design, implementation, and managed services.

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Buyer(S) 1

Buyer

Tolt Solutions

Taylors, United States

Category Company
Sector Retail
DESCRIPTION

Agilysys, Inc.’s Retail Solutions Group, which will be renamed Kyrus Solutions following the close of its acquisition by affiliates of Clearlake Capital Group, L.P., is one of the leading technology and managed services solution providers in the retail market worldwide, offering retail point-of-sale, self-service and wireless mobility solutions and proprietary business consulting, implementation and maintenance, support, and other managed services.


DEAL STATS #
Overall 2 of 3
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-30 Tolt

Charlotte, North Carolina, United States

Tolt LLC (dba Tolt Service Group) provides a suite of lifecycle management solutions for point of sale and multi-location customer facing technologies in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Pomeroy IT Solutions

Hebron, Kentucky, United States

Pomeroy IT Solutions, Inc. is a provider of high quality IT infrastructure services from its locations throughout North America, Latin America, Europe, and Asia. Pomeroy’s portfolio of infrastructure managed services includes Workplace Services, Network Services, Data Center Services, and Cloud Services along with staffing services and the full range of procurement and logistics services. The industry’s foremost expert in Optimized Workplace Services, Pomeroy is industry recognized for Managed Workspace Services.

Buy -

Seller(S) 1

SELLER

iPass

Redwood Shores, California, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees205
Revenue 54M USD (2017)
DESCRIPTION

iPass, Inc. has been a pioneer in connectivity technology for 20 years. The company’s SmartConnect technology enables wireless users to automatically transition between Wi-Fi and cellular so they can stay connected to work – and life – on the go. This technology also lets businesses gather rich insights based on customer location. By incorporating both Wi-Fi and GPS signals, iPass delivers the industry’s most accurate location data, so that businesses can better understand their customers and create more value.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-20 GoRemote Internet Communications

Milpitas, California, United States

GoRemote Internet Communications, Inc. is a provider of secure, managed broadband network services to large and mid-size distributed enterprises and services providers worldwide.

Buy -