M&A Deal Summary

Vortiv Acquires Cloudten Industries Pty

On February 21, 2019, Vortiv acquired internet software and services company Cloudten Industries Pty for 9M AUD

Acquisition Highlights
  • This is Vortiv’s 1st transaction in the Internet Software and Services sector.
  • This is Vortiv’s 0th largest (disclosed) transaction.
  • This is Vortiv’s 1st transaction in Austria.

M&A Deal Summary
Date 2019-02-21
Target Cloudten Industries Pty
Sector Internet Software and Services
Buyer(s) Vortiv
Deal Type Add-on Acquisition
Deal Value 9M AUD

Target

Cloudten Industries Pty

Sydney, Austria
Cloudten Industries Pty Ltd. is a provider of cloud and technology solutions to enterprise clients across the banking, financial, health, and government sectors. Cloudten Industries is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Vortiv

Cottesloe, Australia
Category Company
Founded 1992
Sector Internet Software and Services
Revenue 11M AUD (2020)
DESCRIPTION

Vortiv is a provider of cybersecurity and financial payments. Vortiv was founded in 1992 and is based in Cottesloe, Australia.Australia.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Austria) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Transaction Solutions International

New Delhi, India

Transaction Solutions International is a provider of outsourced management services for ATMs and Bill Payment kiosks, covering the entire spectrum from deployment to operations. Transaction Solutions International is based in New Delhi, India.

Sell $22M
Mergr

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