Softek Acquires Gentech (H2 FinTech)

General Atlantic Makes Strategic Investment in Financial Information Technologies (Fintech)

August 1, 2023

Payments & Fintech

General Atlantic has made a strategic growth equity investment in Financial Information Technologies, LLC (Fintech), joining existing investor TA Associates. The capital will support Fintech's product innovation, expansion of its payments and data platform for the beverage alcohol industry, and pursuit of M&A initiatives.

GlobalLogic Acquires Fortech

November 21, 2022

Software

GlobalLogic, a Hitachi Group company, signed a definitive agreement to acquire Fortech, a digital engineering software services firm headquartered in Romania. The acquisition is intended to strengthen GlobalLogic’s European presence and expand access to Romania’s talent and blue-chip client base, with Fortech to continue operating as a wholly owned subsidiary.

Softek Acquires Compliance Consulting Firm Elinphant

December 1, 2021

Consulting

Softek has acquired Elinphant, a specialist compliance consulting firm founded by Elin Cherry, to expand its Compliance Services offering. Elin Cherry will join Softek's Executive Committee and take global responsibility for the combined firm's Compliance Services business, broadening Softek's capabilities for financial services clients.

Futuris Company Acquires Majority Stakes in Fourth Technologies (Fortek) and Soft2001

September 9, 2020

Staffing & HR

Futuris Company signed definitive agreements to acquire majority ownership in two Cherry Hill, New Jersey-based staffing firms, Fourth Technologies, Inc. (Fortek) and Soft2001, Inc. The two companies together generate roughly $7.25 million in annual revenue and the deals are intended to expand Futuris's HCM/staffing platform in the Northeast U.S.; both transactions were expected to close in September 2020.

GCOM Software Acquires GANTECH

May 30, 2019

Government & Public Sector

GCOM Software LLC acquired GANTECH, Inc., a Columbia, Maryland-based provider of IT consulting, systems management and managed services for state and local government and education clients. The acquisition — terms not disclosed — expands GCOM's Mid-Atlantic footprint and managed-service capabilities; GCOM is backed by Sagewind Capital.

Gentherm Acquires Etratech Enterprises

November 8, 2017

Manufacturing

Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).