M&A Deal Summary

Tucows Acquires Simply Bits

On October 18, 2021, Tucows acquired internet software and services company Simply Bits

Acquisition Highlights
  • This is Tucows’ 5th transaction in the Internet Software and Services sector.
  • This is Tucows’ 6th transaction in the United States.
  • This is Tucows’ 1st transaction in Arizona.

M&A Deal Summary
Date 2021-10-18
Target Simply Bits
Sector Internet Software and Services
Buyer(s) Tucows
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)
Morgan Lewis (Legal)

Target

Simply Bits

Tucson, Arizona, United States
Simply Bits is a fixed wireless network service company that creates wired and wireless network for delivery of Internet access, voice, fax, and other enhanced broadband applications and solutions. This sophisticated network allows the company to serve residences as well as small, medium, and large businesses, educational institutions, and government agencies. Its customer base represents diverse industries including healthcare, financial, legal, insurance, automotive, hospitality, real estate and more. Simply Bits was formed in 2004 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

Tucows

Toronto, Ontario, Canada
Category Company
Founded 1992
Sector Internet Software and Services
Employees1,045
Revenue 339M USD (2023)
DESCRIPTION

Tucows is a provider of internet services for hosting companies and ISPs. Tucows was founded in 1992 and is based in Toronto, Canada.

DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Arizona) 1 of 1
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Ting Mobile

Toronto, Ontario, Canada

Ting delivers fixed fiber Internet access with good customer support.

Sell -
Mergr

Product

Company

Legal