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New Deal


Announced

Completed

IBM completed the acquisition of 7Summits from Sverica Capital Management.

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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United States

Majority

Digital Services

Acquisition

Domestic

digital solutions

Private

Friendly

Completed

Private Equity

Single Bidder

Synopsis

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IBM completed the acquisition of 7Summits, a Salesforce digital solutions consultancy, from Sverica Capital Management, a private equity firm. Financial terms were not disclosed. ”7Summits is a special organization – one with a clear mission, a rich culture, and tremendous momentum. The company’s success is not only a tribute to Paul’s compelling vision and boundless energy, but also the deep expertise and tireless dedication of the entire 7Summits team. Partnering with Paul and 7Summits has been a delight, and with both bittersweetness and excitement I wish them a happy journey with IBM,” Ryan Harstad, Sverica Partner.

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