M&A Deal Summary

Xobee Networks Acquires Myers Network Solutions

On December 14, 2022, Xobee Networks acquired information technology company Myers Network Solutions for 2M USD

Acquisition Highlights
  • This is Xobee Networks’ 2nd transaction in the Information Technology sector.
  • This is Xobee Networks’ largest (disclosed) transaction.
  • This is Xobee Networks’ 2nd transaction in the United States.
  • This is Xobee Networks’ 2nd transaction in California.

M&A Deal Summary
Date 2022-12-14
Target Myers Network Solutions
Sector Information Technology
Buyer(s) Xobee Networks
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Myers Network Solutions

San Jose, California, United States
Myers Network Solutions is a managed service provider of innovative, cost-effective, and cutting-edge technology solutions. Myers Network Solutions was founded in 2002 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Xobee Networks

Fresno, California, United States
Category Company
Sector Information Technology
DESCRIPTION

Xobee Networks is a provider of computer network support, web design, application programming, and other technology services. Xobee support staff and technicians specialize in technology in addition to computer networking services and premium application programming/website design. Xobee Networks is based in Fresno, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Interconnect Networks

Palm Desert, California, United States

Interconnect Networks specializes in a wide range of services, including tailored IT services and solutions for small and medium businesses and their owners in Interconnect Networks. The company's approach starts with a thorough investigation of what the client needs to succeed so that they can ensure a perfect fit with services. Interconnect Networks is based in Palm Desert, California.

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