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Announced

Completed

Triton-backed ACRE completed the acquisition of Time Data Security.

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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Ireland

application software

Online and Social Platforms

Majority

Single Bidder

Cross Border

Friendly

Private

Private Equity

Acquisition

Completed

Synopsis

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Triton-backed ACRE, an assets reconstruction company, completed the acquisition of Time Data Security, an application software company. Financial terms were not disclosed. “This is the beginning of an exciting new chapter for TDS. We are delighted to join ACRE with its strong global reach, which will accelerate our growth plans and support our ambitions to be the top provider of smart workplace solutions for enterprise businesses. TDS’s senior board member, Sean Murphy and I are particularly excited to work with Joe Grillo and the management team to further strengthen ACRE’s position as the global leader in the delivery of integrated technologies and services," Frank Hart, TDS Founder and CEO.

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