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Announced

Completed

Octo completed the merger with Arlington Capital-backed Sevatec.

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

Private Equity

Merger

software

Domestic

United States

Private

Majority

Friendly

Acquisition

Single Bidder

Completed

Synopsis

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Octo, a provider of emerging technology and IT modernization services for the Federal Government, completed the merger with Arlington Capital-backed Sevatec, a provider of mission-critical software development solutions and digital modernization services to the Federal Government. Financial terms were not disclosed. “With this transaction, I firmly believe we have created a unique, market-shaping organization that is unmatched in terms of its collective ability to be a pure-play modernization and technology solutions provider to the Federal Government and its wide-ranging missions,” Mehul Sanghani, Octo Founder and CEO.

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