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New Deal


Announced

Thirdera to acquire SilverStorm Solutions.

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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Majority

Cross Border

Acquisition

Pending

software company

Private

Friendly

cloud services

Spain

Single Bidder

Software

Synopsis

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Thirdera, a system software company, agreed to acquire SilverStorm Solutions, a cloud services provider. Financial terms were not disclosed. “Enterprises in Europe and around the world are looking to drive more value with their cloud platforms. To accomplish this goal, they need partners who can push their teams up the value chain, improve their digital agendas, rationalize new and emerging technologies and work in a truly global model. With the increase in ServiceNow capabilities, features and functions, there is a significant opportunity for channel leaders like Thirdera and SilverStorm to drive scale and relevance in workflows, and more synergistic value across cloud platforms for ServiceNow clients,” Jason Wojahn, Thirdera CEO.

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