M&A Deal Summary

Veson Nautical Acquires Q88

On May 4, 2022, Veson Nautical acquired internet software and services company Q88

Acquisition Highlights
  • This is Veson Nautical’s 1st transaction in the Internet Software and Services sector.
  • This is Veson Nautical’s 1st transaction in the United States.
  • This is Veson Nautical’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-05-04
Target Q88
Sector Internet Software and Services
Buyer(s) Veson Nautical
Deal Type Add-on Acquisition
Advisor(s) Westbury Group LLC (Financial)
Day Pitney (Legal)

Target

Q88

Westport, Connecticut, United States
Q88 is a maritime SaaS technology provider and a preeminent voice shaping the industry. The company's products and services are synonymous with simplifying the complexities of global maritime transportation and giving organizations of all types a competitive edge in a demanding environment. Its partnership with leading ship owners, charterers, ship managers, agents, and brokers has provided the company insight into how to build solutions for some of the industry’s most pressing issues. Q88 was formed in 2001 and is based in Westport, Connecticut.

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Buyer(S) 1

Buyer

Veson Nautical

Boston, Massachusetts, United States
Category Company
Founded 2003
Sector Software
DESCRIPTION

Veson Nautical is a provider of commercial maritime operations software and services. The company’s integrated solutions foster collaboration and communication, enabling the world’s leading shipping organizations to optimally manage voyage chartering, operations, financials, and risk. Veson Nautical was founded in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Oceanbolt

Oslo, Norway

Oceanbolt is a data-as-a-service company focused on delivering real-time dry bulk intelligence via a web-based analytics dashboard, API, SDKs (Python, R), and Excel Add-in. Oceanbolt was founded in 2019 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Shipfix

London, United Kingdom

Shipfix is a collaborative workflow and data platform for the maritime and trade sectors, driven by ground-breaking AI-enabled tools. The platform streamlines maritime workflows using market and operational intelligence with a focus on shipowners, commodity traders, industrials, freight forwarders, and shipbrokers. Shipfix has 4 offices globally in Paris, London, Singapore, and Tbilisi (Georgia).

Buy -
Mergr

Product

Company

Legal