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New Deal


Announced

Completed

Mill Point Capital-backed Anexinet completed the merger with Veristor Systems.

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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Private

business technology solutions

Single Bidder

Domestic

Merger

Completed

Friendly

Majority

Acquisition

Private Equity

United States

it services

IT Services: Other

Synopsis

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Mill Point Capital-backed Anexinet, a business management consultant in Blue Bell, Pennsylvania, completed the merger with Veristor Systems, a provider of transformative business technology solutions. Financial terms were not disclosed. "Veristor is an advanced technology solutions provider with deep expertise in security, storage, networking, DevOps, and collaboration. This merger demonstrates our commitment to delivering solutions that materially improve our clients' business operations while enabling seamless experiences across touchpoints, locations, and channels. Not only does the merger double the size of our customer base, it greatly expands our engineering capabilities and delivery teams to allow us to better serve our customers," Brian Glahn, Anexinet CEO.

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