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New Deal


Announced

Affluence to acquire Flexiant IP.

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

Pending

Majority

cloud software

Acquisition

Single Bidder

Friendly

United Kingdom

Private

Synopsis

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Affluence, a diversified technology company, agreed to acquire Flexiant IP, a provider of cloud orchestration software for on-demand, fully automated provisioning of cloud services. Financial terms were not disclosed. "This is one of several planned acquisitions we intend to execute this year. Flexiant is a leading cloud orchestration business and provides solutions aimed solely at helping service providers capture the cloud market opportunity. Cloud orchestration is an essential part of offering any cloud services. Not only does it offer cost saving and automation benefits to cloud service providers, it also enables them to innovate and differentiate to drive revenue growth. For consumers of public cloud, cloud orchestration is essential for self-service provisioning, accurate metering and billing and centralized capabilities for everything cloud," James Honan, Affluence CEO.

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