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New Deal


Announced

Solugenix to acquire SEI.

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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support solutions

Acquisition

Pending

Single Bidder

Private

United States

Majority

Friendly

Software

Synopsis

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Solugenix, an IT implementation and support services provider, agreed to acquire SEI, a provider of support solutions for multi-location environments. Financial terms were not disclosed. “Over the course of the last two decades SEI has perfected the use of US-based remote workforce to provide high-quality support for demanding business users. This forms a perfect complement to Solugenix’s focus on implementing and supporting complex technology solutions for high-value, high-risk business processes. The combined team will have the skills and the scale to take on bigger engagements in what we are already good at: Complex IT applications, Artificial Intelligence, Machine Learning, Robotic Process Automation and Data Science,” Shashi Jasthi, Solugenix CEO.

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