Magic Software Enterprises Acquires PowWow Inc. (SmartUX)

May 13, 2019

Magic Software Enterprises Ltd., a global provider of low-code integration and application development platforms, has acquired San Francisco–based PowWow Inc., maker of the SmartUX low-code mobile and web app platform. The acquisition expands Magic's end-to-end low-code offering to accelerate enterprise digital transformation and is expected to be accretive to earnings within 18–24 months after localization and go-to-market investments.

Buyers
Magic Software Enterprises Ltd.
Targets
PowWow Inc. (PowWow Mobile)
Industry
Software
Location
California, United States
Transaction Type
Buyout

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