The M&A Watch: Eastern Europe – June 2021 Coverage
Our monthly M&A Watch spotlights deals in the Information Technology industry throughout Eastern Europe.
This month, we highlight 6 deals across Eastern Europe within the IT Services and Software verticals. Notably, there were several strategic and private equity buyers including Unisys and Apax Partners. The global interest in Eastern European IT services and software companies demonstrates a persisting trend from prior months in 2021, and we continue to expect buyers and investors will be intrigued by companies in the region given the high concentration of IT/Software talent, timezone advantage, and agile delivery methods.
Unisys Corporation (NYSE: UIS), a global IT solutions company, announced that it has entered into an agreement to acquire Unify Square, the leading experience management provider for secure collaboration and communications platforms, for $152.5 million on a cash-free, debt-free basis. Unify Square is headquartered in Washington and has additional offices in Lithuania, United Kingdom, and Germany. #Lithuania #UnifiedCommunications #UCaaS
Apax Partners, a leading global private equity firm, has acquired Infogain, a human-centered digital platform and software engineering company based in Silicon Valley with an Eastern European office in Krakow, Poland. The new ownership will enable Infogain to broaden its solution offerings, pursue strategic acquisitions, expand into new geographies, and accelerate the expansion of its employee base. #Poland #MicrosoftAzure
Checkout.com, which works in cloud-based payments solutions, has acquired Icefire, an Estonian software development firm, to capitalize on the continuing popularity of e-commerce. Icefire has experience developing financial services and has worked with companies like Skype, Swedbank, and the Republic of Estonia’s Tax & Customs Board. #Estonia #IAM #KYC
Celsius, the industry-leading cryptocurrency rewards-earning platform, announced the acquisition of a development division of MVP Workshop startup studio, a leader in blockchain product development, based in Belgrade, Serbia. With the acquisition, 50 of MVP Workshop’s engineers and designers will join Celsius and form a Belgrade-based product development center. #Serbia #Blockchain #Fintech
Skyrise.tech, a Poland software development company working with Logistics, Mobility, Healthcare, and Enterprise industries, has been acquired by Etteplan, a growing and developing engineering services company headquartered in Finland. Through the acquisition, Etteplan will significantly strengthen its capability to deliver applications and cloud software solutions. #Poland #Softwaredevelopment #UX/UI
Boozt, a leading technology, and e-commerce company has acquired Estina, a developer of web and e-commerce software. The Estina team, located in Lithuania, will add extensive knowledge of scalable web technologies, e-commerce development, and system operations that will help play an important role in further developing complementary services for customers and partners to become a true platform business. #Lithuania #e-commerce
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services & Technology industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
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