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OceanSound Partners-backed Smartronix completed the acquisition of Datastrong.

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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Domestic

Private Equity

Single Bidder

data strategy

Software

Friendly

Private

Completed

Acquisition

Majority

United States

data management software

Synopsis

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OceanSound Partners-backed Smartronix, a next-generation cloud services provider, completed the acquisition of Datastrong, a technology solution provider. Financial terms were not disclosed. "Our acquisition of Datastrong represents an important step forward in expanding the suite of offerings Smartronix can deliver to clients via the cloud. Our clients are seeing explosive data growth which makes it more challenging to gain insights, and Datastrong’s solutions will help us address this as an ongoing priority. Our FedRAMP and DoD-accredited managed services and managed security services solutions have made us ‘Cloud Assured’, and this acquisition makes us ‘Data Strong’ as well," Peter B. LaMontagne, Smartronix CEO.

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