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Announced

Completed

DataArt completed the acquisition of Lola Tech.

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

Completed

Single Bidder

software developer

Cross Border

digital services

Friendly

Majority

Software

United Kingdom

Acquisition

Synopsis

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DataArt, a global software engineering firm, completed the acquisition of Lola Tech, a software development agency. Financial terms were not disclosed. “We have witnessed strong interest in this region from our clients and, together with the Lola Tech team, we will continue to add value and offer customers a premier level of service. The acquisition will drive continued progress in building a more agile, diverse, and global organization. We look forward to serving Lola Tech’s impressive client base, strengthening these relationships, and bringing to bear the full power of our combined capabilities. Romania has a vibrant tech sector and a wealth of exceptional talent. We’re confident that our decision to expand into the country is a significant step forward in our global business,” Eugene Goland, DataArt CEO.

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