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New Deal


Announced

Kainos Group to acquire RapidIT-Cloudbera.

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

Cross Border

software development

Pending

Single Bidder

Private

Software

Acquisition

Majority

Friendly

Synopsis

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Kainos Group, a UK-headquartered IT provider, agreed to acquire RapidIT-Cloudbera, a software company. Financial terms were not disclosed. “We are delighted to welcome our new colleagues from RapidIT-Cloudbera. The skills, expertise and creativity of our expanded team will allow us to accelerate our product development, increasing the functionality of our existing products and allowing us to quickly bring new products to market – it is a winning combination,” Brendan Mooney, Kainos CEO.

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