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New Deal


Announced

Prometheus Group to acquire Ventureforth.

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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Cross Border

mobile software

Single Bidder

Acquisition

Georgia

Majority

Software

Private

Pending

Friendly

Synopsis

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Prometheus Group, an asset management operations and optimization software provider, agreed to acquire Ventureforth, a cloud mobile software company. Financial terms are not disclosed. “We are excited that Ventureforth will be joining our team. Prometheus helps organizations achieve their EAM goals by offering user-friendly, fit-for-purpose solutions that increase productivity and reduce error. Ventureforth's cloud based mobile solutions for Oracle are well known in the space and an ideal fit with the Prometheus platform of EAM solutions. I believe this combination will greatly benefit the Oracle community,” Eric Huang, Prometheus Group CEO.

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