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Announced

DataArt to acquire SFL.

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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Software

Acquisition

Pending

digital transformation

Majority

Private

Friendly

Cross Border

Armenia

Single Bidder

Synopsis

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DataArt, a global software engineering firm, agreed to acquire SFL, an Armenia-based software development company. Financial terms were not disclosed. “We are pleased to welcome SFL to the DataArt family. By uniting our teams in Yerevan, we are creating the strongest IT team in the region, with a unique corporate culture and endless opportunities for career growth. The merger with SFL reinforces our commitment to invest in Armenia, strengthen our team and enhance client service,” Eugene Goland, DataArt President.

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