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Announced

Completed

Novacap-backed Syntax completed the acquisition of Illumiti.

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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IT Services: Other

Friendly

it systems integration

Single Bidder

Private Equity

Private

Completed

Acquisition

Canada

Majority

SAP systems

Domestic

Synopsis

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Novacap-backed Syntax, a multi-cloud and multi-ERP managed cloud provider, completed the acquisition of Illumiti, an SAP systems integration and management consultancy. Financial terms were not disclosed. "No matter how much we've grown, Syntax has always been a boutique partner at scale with deep entrepreneurial roots. Our top priority when looking for a company to help us expand our functional SAP capabilities was finding one that was equally as entrepreneurial and customer-centric. Illumiti was the obvious choice, and we are excited to collaborate with them and further their growth in the industry," Christian Primeau, Syntax CEO.

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