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Announced

Completed

Xerox completed the acquisition of Altodigital and ITEC Connect.

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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technology services

Private

software solutions

Software

Completed

software developer

Friendly

United Kingdom

Single Bidder

Acquisition

Majority

Cross Border

Synopsis

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Xerox completed the acquisition of two software service providers Altodigital and ITEC Connect. Financial terms were not disclosed. “Altodigital is joining Xerox on its incredible journey as it undergoes a digital-first transformation and invests in customer-focused innovation. We share Xerox’s vision to broaden the range of services and technologies available to SMBs requiring a modern work experience,” James Abrahart, Altodigital CEO.

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