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New Deal


Announced

Completed

IFS completed its acquisition of Astea International.

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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service management

asset management

Majority

customer management

United States

Friendly

Software

Acquisition

software development

Single Bidder

Completed

Public

Synopsis

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IFS, the global enterprise applications company, completed its acquisition of Astea International, which develops and delivers enterprise software for customers around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Financial terms were not disclosed. "We've long admired IFS's growth and global scale and know that they share our customer-centric approach to Field Service Management. I am grateful for the commitment our employees have demonstrated, which has enabled today's transformative announcement. As I've gotten to know Darren and his management team during this process, I can say I'm looking forward to working with the entire IFS organization to offer our customers the best Field Service Management solutions on the market." Zack Bergreen, Astea CEO and Founder.

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