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M&A Deal Summary

Zensar Acquires Akibia

On December 31, 2010, Zensar acquired information technology company Akibia from Citizens Capital

Acquisition Highlights
  • This is Zensar’s 2nd transaction in the Information Technology sector.
  • This is Zensar’s 3rd transaction in the United States.
  • This is Zensar’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2010-12-31
Target Akibia
Sector Information Technology
Buyer(s) Zensar
Sellers(s) Citizens Capital
Deal Type Add-on Acquisition

Target

Akibia

Westborough, Massachusetts, United States
Akibia's innovative IT solutions enable clients to optimize, secure, manage and support their mission-critical infrastructure. Since 1988, we've been helping companies reduce costs, manage risk and increase efficiencies in the data center.

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Buyer(S) 1

Buyer

Zensar

Pune, India
Category Company
Founded 1963
Sector Information Technology
Employees9,975
Revenue 52.8B INR (2025)
DESCRIPTION

Zensar is a digital solutions and technology services company focusing on enterprise digital transformation. The company has offerings across the digital value chain, with a proven track record of innovation delivered through its ‘Return on Digital NeXT (RoDNeXT)’ framework. Zensar was formed in 1963 and is based in Pune, Maharashtra.

DEAL STATS #
Overall 4 of 9
Sector: Information Technology M&A 2 of 5
Type: Add-on Acquisition M&A Deals 3 of 8
State: Massachusetts M&A 2 of 2
Country: United States M&A 3 of 6
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-22 PSI Holding Group

Westborough, Massachusetts, United States

PSI Holding Group, Inc. is a provider of IT solutions for users of UNIX, Linux and Windows NT client-server networks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Professional Access

New York, New York, United States

Professional Access, Inc. is a provider of commerce consulting, technology delivery and business solutions.

Buy -

Seller(S) 1

SELLER

Citizens Capital

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Citizens Capital is the private equity affiliate of Citizens Financial and provides both mezzanine and equity capital to later-stage privately-held companies in the US. Citizens looks to commit $3 to $15 million in subordinated debt transactions and $1 to $3 million for growth equity needs. Target sectors include manufacturing, consumer products, distribution, and service-based industries. The Firm's investment horizon is five to seven years. Citizens Capital is based in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 11
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 8
State: Massachusetts M&A 3 of 5
Country: United States M&A 6 of 11
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-10 Champion Energy

New Rochelle, New York, United States

Distributor of residential and commercial heating oil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 Premix

North Kingsville, Ohio, United States

Premix, Inc. a manufacturer of thermoset composite molding compounds and custom molded composite products for the electrical, appliance, business equipment, sanitary, lighting, aerospace, and transportation markets.

Sell -
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