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Announced

Completed

JMC Capital Partners-backed Source Code completed the acquisition of Broadberry Data 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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Completed

Computer Hardware

United States

Private

Majority

apps & hardware

Private Equity

Single Bidder

hardware

Acquisition

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Synopsis

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JMC Capital Partners-backed Source Code, which designs and manufactures dedicated servers for independent software developers, advanced artificial intelligence and deep learning applications, completed its acquisition of Broadberry Data Systems, an independent IT hardware supplier and integrator. Financial terms were not disclosed. "We are very excited to be joining forces with SourceCode. Both companies will benefit from the product, engineering, and marketing synergies, that we are already beginning to realize." Colin Broadberry, Broadberry Data Systems President.

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