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Announced

Completed

Avanade completed the acquisition of Asysco.

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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Friendly

Majority

Netherlands

Software

Acquisition

Single Bidder

Completed

Private

Cross Border

legacy products

Synopsis

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Avanade, a Microsoft solutions provider, completed the acquisition of Asysco, a specialist in legacy transformation technology. Financial terms were not disclosed. “Asysco’s technology and expertise allows companies to move beyond the limitations and expense of legacy mainframe applications to cloud-based technologies from which they then can springboard to a full digital transformation. In Asysco, we have found a business that strategically complements ours. We share a dedication to our clients and employees, a commitment to world-class delivery and a deep technology expertise with a belief in the power of Microsoft technologies to spur business transformation,” Sean Peterson, Avanade Global Application & Infrastructure Lead.

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