M&A Deal Summary

Virtusa Acquires Agora Group

On July 28, 2015, Virtusa acquired information technology company Agora Group for 8M USD

Acquisition Highlights
  • This is Virtusa’s 3rd transaction in the Information Technology sector.
  • This is Virtusa’s 7th largest (disclosed) transaction.
  • This is Virtusa’s 5th transaction in the United States.
  • This is Virtusa’s 1st transaction in Georgia.

M&A Deal Summary
Date 2015-07-28
Target Agora Group
Sector Information Technology
Buyer(s) Virtusa
Deal Type Add-on Acquisition
Deal Value 8M USD
Advisor(s) Bowstring Advisors (Financial)

Target

Agora Group

Atlanta, Georgia, United States
Agora Group, Inc. is an IT consulting organization focused on implementing and integrating business process management (BPM) solutions on leading BPM suites.

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Buyer(S) 1

Buyer

Virtusa

Southborough, Massachusetts, United States
Category Company
Founded 1996
Sector Information Technology
Employees10,364
Revenue 1.3B USD (2020)
DESCRIPTION

Virtusa Corp. provides end-to-end information technology (IT) services to companies. Services include IT consulting, application maintenance, development, systems integration, and managed services. Virtusa was formed in 1996 and is based in Westborough, Massachusetts. Virtusa was founded in 1996 and is based in Southborough, Massachusetts.

DEAL STATS #
Overall 6 of 11
Sector (Information Technology) 3 of 7
Type (Add-on Acquisition) 6 of 11
State (Georgia) 1 of 1
Country (United States) 5 of 7
Year (2015) 2 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Apparatus

Indianapolis, Indiana, United States

Apparatus, Inc. is a designer, delivers, and continuously refines the most durable IT solutions in the world, making clients more productive, more profitable and more prepared to evolve as technology does.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Polaris Consulting & Services

Chennai, India

Polaris Consulting & Services Ltd. is a provider of end-to-end information technology (IT) services.

Buy Rs11.4B
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