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New Deal


Announced

Completed

Converged Security Solutions completed the acquisition of Solutions By Design II.

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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application development

Acquisition

Domestic

Digital Services

Private

Single Bidder

cloud solutions

cybersecurity

United States

Majority

Completed

Friendly

Synopsis

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Converged Security Solutions, a holding company in the IT transformation and security sectors, completed the acquisition of Solutions By Design II, a federal government contractor specializing in cybersecurity, application development, and cloud solutions. Financial terms were not disclosed. "We are thrilled to welcome SBD to the CSS family. Their exceptional reputation and strong presence in the government sector perfectly complement our existing holdings. This strategic acquisition allows CSS to continue our mission of delivering cutting-edge technology solutions that enable our customers to navigate what can be an overwhelming IT modernization effort, while simultaneously building effective cyber defenses," Mike Santelli, Converged Security Solutions CEO.

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