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New Deal


Announced

Sollensys to acquire Celerit.

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

United States

Private

Single Bidder

Acquisition

it services

Majority

Domestic

Pending

Synopsis

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Sollensys, a provider of data security management experience, agreed to acquire Celerit, a company that provides network services. Financial terms were not disclosed. "The proposed Celerit acquisition fits into Sollensys' strategy to end cybercrimes by making it impossible for cybercriminals to hold hostage or corrupt a single usable piece of data in the banking industry. At closing, Sollensys will acquire the Celerit team, as well as industry expertise, IP, and assets. We believe this will provide banking institutions with critical protection, so that their customers can confidentially and safely expand into the future," Don Beavers Sollensys CEO.

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