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Announced

Completed

ReadyTech completed the acquisition of IT Vision for $55m.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Australia

business solutions

Acquisition

Business Process Outsourcing

Majority

Friendly

Completed

Domestic

Private

Single Bidder

Synopsis

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ReadyTech, a SaaS provider of next generation cloud-based software, completed the acquisition of IT Vision, a provider of business solutions for local government, port authorities and similar industries, for $55m. “IT Vision are well very aligned with our customer-centric, future-focused culture, and I am excited to welcome the team into the ReadyTech stable. With an expanded geographic footprint, a rich suite of technology offerings, and enhanced scale and digital transformation on the agenda, we have a considerable opportunity to augment our market share in the local government software market," Marc Washbourne, ReadyTech Co-Founder and CEO.

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