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New Deal


Announced

Completed

OutSystems completed the acquisition of Ionic.

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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United States

Software

Single Bidder

mobile software

Majority

Completed

Acquisition

Domestic

Private

Friendly

Synopsis

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OutSystems, a developer of an application and delivery platform, completed the acquisition of Ionic, a developer of an open-source mobile software development kit. Financial terms were not disclosed. “I’m extremely proud of what Ionic and our community have accomplished and know that together Ionic and OutSystems will be an unstoppable force in enterprise application development. OutSystems shares our community-centric approach and focus on making software development easier and more accessible, whether you’re a solo developer or a larger business. With OutSystems, we’ll be able to take our vision even further, provide additional value to our customers and community members, and significantly increase our investments in open source product development and R&D," Max Lynch, Ionic Co-Founder and CEO.

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