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New Deal


Announced

Completed

SpringML completed the merger with Recognize-backed Egen.

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 transformation services

software development

Software

United States

Acquisition

Merger

Majority

Domestic

Private

Friendly

Single Bidder

Completed

Private Equity

Synopsis

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SpringML, a technology services company, completed the merger with Recognize-backed Egen, a cloud migration, application modernization and platform engineering provider. Financial terms were not disclosed. “Joining forces with SpringML is an exciting milestone for Egen. We share a common vision of harnessing the power of data to drive transformative outcomes for our clients. As one united entity under the Egen banner, we are poised to accelerate innovation and deliver even greater value to our clients,” Raghu Potini, Egen Founder.

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