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Announced

Completed

Apps Associates completed the acquisition of the Oracle services division from Emtec.

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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information technology services

Digital Services

United States

Domestic

Private

Completed

Single Bidder

Acquisition

Majority

Friendly

Synopsis

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Apps Associates, an enterprise applications and technology advisor, completed the acquisition of the Oracle services division from Emtec, a digital IT consultancy, provides a comprehensive suite of IT services. Financial terms were not disclosed. “We are committed to delivering a forward-thinking, symbiotic approach to Oracle enterprise applications and technology. At a time when enterprise modernization is in high demand across a number of target industries, acquiring Emtec’s deep application knowledge—particularly within the areas of healthcare and utilities—enriches our ability to offer even greater value and outcomes to our clients,” Adrian King, Apps Associates CEO.

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