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Announced

Completed

SIMBA Chain completed the acquisition of StrongSalt.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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advanced communications

Acquisition

United States

Online and Social Platforms

Domestic

Friendly

Single Bidder

Private

Completed

Majority

Synopsis

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SIMBA Chain, an API development platform, completed the acquisition of StrongSalt, a privacy and storage company. Financial terms were not disclosed. “Acquiring StrongSalt gives SIMBA a critical capability to provide both privacy and storage in a way that does not disturb the scalability of our platform, and most importantly, ensures our Web2 partners that interacting with Web3 technologies can be exceptionally secure,” Bryan Ritchie, SIMBA Chain CEO.

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