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Investment Summary

Xurpas Invests In Storm Flex Systems

On February 27, 2015, Xurpas invested in internet software and services company Storm Flex Systems for 4M USD

Investment Highlights
  • This is Xurpas’ 3rd transaction in the Internet Software and Services sector.
  • This is Xurpas’ 3rd largest (disclosed) transaction.
  • This is Xurpas’ 2nd transaction in Philippines.

Investment Summary
Date 2015-02-27
Target Storm Flex Systems
Sector Internet Software and Services
Investor(s) Xurpas
Deal Type Stake Purchase
Deal Value 4M USD

Target

Storm Flex Systems

Philippines
Storm Flex Systems, Inc. is a proprietary platform that allows employees of any company that signed up to exchange their benefits and transform them into a wide range of products and services, including gadgets and dining, a private carpool system, doctor consultations on demand, all the way to donations for charitable causes.

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Investor(S) 1

Investor

Xurpas

Makati, Philippines
Category Company
Founded 2001
Sector Information Technology
Employees35
Revenue 183M PHP (2024)
DESCRIPTION

Xurpas is a technology company, creates and develops digital products and services for mobile end-users in the Philippines. Xurpas was founded in 2001 and is based in Makati, Philippines.

DEAL STATS #
Overall 3 of 7
Sector: Internet Software and Services M&A 3 of 5
Type: Stake Purchase M&A Deals 3 of 6
Country: Philippines M&A 2 of 5
Year: 2015 M&A 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-14 Altitude Games Pte.

Singapore, Singapore

Altitude Games Pte. Ltd. is an IT company in the business of mobile games development and publishing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-27 PT Sembilan Digital Investama

Philippines

PT Sembilan Digital Investama is a mobile content development and distribution software.

Buy $245M
Mergr

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