Concentrix Acquires ServiceSource in All-Cash Deal Valued at $131 Million
May 9, 2022
Concentrix Corporation reached a definitive agreement to acquire ServiceSource International, Inc. for $1.50 per share in an all-cash transaction valued at approximately $131 million, inclusive of net cash. The deal is expected to close in the second half of fiscal year 2022 and is expected to be accretive after synergies.
- Buyers
- Concentrix Corporation
- Targets
- ServiceSource International, Inc.
- Sellers
- ServiceSource stockholders (receiving $1.50 per share cash consideration)
- Industry
- IT Services
- Location
- California, United States
- Transaction Type
- Buyout
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