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New Deal


Announced

Completed

OceanSound Partners-backed Smartronix completed the acquisition of Creoal Consulting.

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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innovative solutions

digital transformation solutions

software-as-a-service

enterprise resource planning

United States

Digital Services

Acquisition

Domestic

Private

Majority

Completed

Friendly

Single Bidder

Private Equity

Synopsis

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OceanSound Partners-backed Smartronix, a company specialising in next-generation mission support, digital transformation and IT solutions, completed the acquisition of Creoal Consulting, a solution provider specializing in digital transformation solutions with a sharp focus on migrating Oracle enterprise applications to cloud-native Software-as-a-Service. Financial terms were not disclosed. “Creoal’s leading position in helping clients move to high performance cloud-native software platforms is in direct alignment with our growth strategy. Cloud Enterprise Business Application systems are a mission-critical resource for our clients, and Creoal can help us accelerate positive mission outcomes in this strategic market,” Peter LaMontagne, Smartronix CEO.

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