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Announced

Completed

Axiell completed the acquisition of CultureConnect.

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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Majority

Friendly

technology company

Cross Border

Completed

Private

United States

IT Services: Other

Single Bidder

Acquisition

Synopsis

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Axiell, a provider of software solutions, completed the acquisition of CultureConnect, a technology company. Financial terms were not disclosed. “I am thrilled we have acquired CultureConnect, now part of Axiell’s expanding ecosystem. Together we can offer our customers around the world the market-leading solution for museums seeking to transform their collections into story-driven interactive experiences for visitors, virtual audiences, and distance learners alike. Our customers can trust we will meet their growing and evolving demands for technology and the expectations of modern audiences,” Joel Sommerfeldt, Axiell Group CEO.

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