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Announced

Completed

CGI acquired Sunflower Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

asset management software

Private

Completed

Software

Friendly

Acquisition

Single Bidder

Synopsis

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CGI, a Canadian global information technology consulting, systems integration, outsourcing, and solutions company, acquired Sunflower Systems, a leading provider of asset management software solutions and services. Financial terms were not disclosed. "CGI's merger with Sunflower Systems is aligned to our Build and Buy strategy, providing opportunities to expand our offerings to the public and private sector, and offering IT modernization opportunities aligned with our strategy," said Tim Hurlebaus, President, CGI Federal. "Sunflower Systems' industry-leading expertise and IP meet a critical need in an evolving and complex asset management market. Sunflower Systems member's deep expertise in asset management complements CGI's expertise in financial and acquisition management. Together, we will continue to innovate and strengthen our collective leadership positions, and—through the delivery of surrounding services—will create greater value for our customers."

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