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New Deal


Announced

Completed

Otava completed the acquisition of NewCloud Networks.

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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Single Bidder

IT Services: Other

cloud computing

Friendly

Acquisition

Private

Completed

United States

Cross Border

Majority

Synopsis

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Otava, a provider of custom and compliant hybrid cloud solutions, completed the acquisition of NewCloud Networks, a cloud services provider. Financial terms were not disclosed. "This is more than just a transaction for NewCloud. We trust Otava as a leader that is taking the right steps toward the future to provide businesses with the breadth of solutions and level of support that is unmatched in the industry," Sam V. Kumar, NewCloud President and CEO.

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