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M&A Deal Summary

Virtusa Acquires Apparatus

On April 1, 2015, Virtusa acquired information technology company Apparatus for 34M USD

Acquisition Highlights
  • This is Virtusa’s 2nd transaction in the Information Technology sector.
  • This is Virtusa’s 3rd largest (disclosed) transaction.
  • This is Virtusa’s 4th transaction in the United States.
  • This is Virtusa’s 1st transaction in Indiana.

M&A Deal Summary
Date 2015-04-01
Target Apparatus
Sector Information Technology
Buyer(s) Virtusa
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

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.

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

DEAL STATS #
Overall 5 of 13
Sector: Information Technology M&A 2 of 9
Type: Add-on Acquisition M&A Deals 5 of 13
State: Indiana M&A 1 of 1
Country: United States M&A 4 of 8
Year: 2015 M&A 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 TradeTech Consulting Scandinavia AB

Stockholm, Sweden

TradeTech Consulting Scandinavia AB is a consulting and IT services provider specializing in treasury and asset management for major financial institutions and multi-national corporations, primarily in the Nordic countries.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 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.

Buy $8M
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