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New Deal


Announced

Completed

ConsenSys completed the acquisition of Quorum from JP Morgan.

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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blockchain

Single Bidder

United States

Private

Acquisition

Majority

Friendly

IT Services: Other

Completed

Synopsis

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ConsenSys, a blockchain software company, completed the acquisition of Quorum, an open-source blockchain platform, from JP Morgan. Financial terms were not disclosed. “Even before the very first block on Ethereum was mined and ConsenSys was formed, we’ve collaborated with J.P. Morgan on Ethereum proofs of concept and production systems. We are enormously excited to onboard Quorum into the ConsenSys Enterprise Ethereum stack, and look forward to unifying our Hyperledger Besu-based Enterprise Ethereum client with Quorum, and supporting all of the Quorum installations globally," Joseph Lubin, ConsenSys Founder and CEO.

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