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New Deal


Announced

Kainos Group to acquire IntuitiveTEK.

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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software development

United States

Private

Pending

Single Bidder

Software

Acquisition

Majority

Friendly

Synopsis

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Kainos Group, a UK-based provider of digital services and platforms, agreed to acquire IntuitiveTEK, an advisor in the areas of financial consolidation, budgeting, planning, forecasting, reporting and accounting solutions. Financial terms were not disclosed. "I am delighted to welcome the IntuitiveTEK team to Kainos, and into our ever-expanding Workday practice. The team's expertise, excellent reputation, and passion for building strong customer relationships aligns with our business, and we look forward to having them on board. As a leading Workday partner, we see this acquisition as an important step to deepen our expertise in Adaptive Insights Business Planning Cloud in the United States, where we continue to see growing demand from clients in modernizing their planning and financial management processes," Brendan Mooney, Kainos CEO.

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