DataArt Inc has acquired AW Systems Inc
7 Mile Advisors Acts As Buy Side Advisor For DataArt in Acquisition Of AW Systems
7 Mile Advisors is pleased to announce that its client DataArt, has acquired AW Systems.
Eugene Goland, Co-Founder and Managing Partner at DataArt, said “7MA proved to have strong experience in our segment and delivered excellent results. We are happy to find a long-term M&A partner in the 7 Mile Advisors team”.
AW Systems is a web engineering and consulting firm that specializes in usability, systems integrations and collaboration solutions, to expand its portfolio of consulting services.
The acquisition will be followed by opening a development center in Buenos Aires, Argentina, with a focus on front-end software development across DataArt key industry verticals, including financial services, travel, media, healthcare, and M2M.
“The merger signifies a new chapter in DataArt’s history as it will now have a truly global footprint, with delivery locations in Eastern & Central Europe, and soon Latin America,” said Goland. “We’re thrilled to have such a strong addition of experts to our team and look forward to bringing another dimension of excellence to servicing our clients.”
DataArt’s clients will have access to a wider pool of talent, a higher degree of reliability across the regions, and the ability to hedge delivery risks across portfolios. North American clients will have the option of being served out of a delivery location in their time zone and will benefit from an expanded consulting and engineering team in New York, which has been doubled. Furthermore, they will be aided by AW Systems’ strong expertise in user experience/usability, solution design, integration, and collaboration.
AW Systems, whose clients include United Technologies Aerospace Systems, OneWorld Alliance and Habitat for Humanity International, will continue to be supported by the same resources and with the same dedication and attention to detail to which they are accustomed, now backed by over 1,200 DataArt engineers, a world-class corporate infrastructure, financial resources, and software development methods that DataArt has developed over two decades of serving more than 350 clients across the United States and Europe.
DataArt has incorporated the entire AW Systems team into its operations. Allan Wellenstein and Alistair Wandesforde, the two AW’s of AW Systems, have joined DataArt’s senior management team as Partners.
About Data Art:
DataArt is a custom software development firm that builds advanced solutions for the financial services, healthcare, hospitality and media & entertainment industries. Combining domain knowledge with offshore cost advantages and resource flexibility, DataArt develops industry-defining applications, helping clients optimize time-to-market and minimize software development risks in mission-critical systems. With an unrivaled talent pool of highly skilled software engineers in New York, London, Russia and Ukraine, DataArt provides the technical skill, accountability and industry knowledge needed to deliver custom applications on time and on budget. For more information please visit www.dataart.com
About AW Systems:
AW Systems: is a web engineering firm with a strong focus on usability. We help organizations elegantly solve complex business problems using web and mobile technologies. For more info visit www.awsystems.com
About 7 Mile Advisors:
7 Mile Advisors is a boutique investment bank which enables clients to increase and unlock enterprise value. 7 Mile serves clients worldwide by addressing the transactional and strategic opportunities faced by middle-market companies, boards, and financial sponsors. The firm provides customized mergers & acquisitions, private placement and restructuring services. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more Information, including research on M&A markets, visit www.7mileadvisors.com
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