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Announced

Completed

SoftServe completed the acquisition of Hoverstate.

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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digital agency

Digital Services

Friendly

Single Bidder

Domestic

Majority

Private

United States

Acquisition

Completed

Synopsis

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SoftServe, an IT consulting company, completed the acquisition of Hoverstate, a full-service digital agency specializing in web-based and mobile solutions. Financial terms were not disclosed. "As a SoftServe company, Hoverstate expands our suite of innovation services to help our customers streamline processes and minimize costs in today's macroeconomic environment. Hoverstate takes a human-centric approach that results in an incredible user experience and strong business results, which will expand to all current and potential SoftServe customers," Chris Baker, SoftServe CEO.

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