Concentrix Acquires ServiceSource International
May 9, 2022
Concentrix Corporation agreed to acquire ServiceSource International, Inc. in an all-cash transaction valued at approximately $131 million to expand Concentrix's B2B digital sales and customer success capabilities. The deal, announced May 9, 2022, is expected to be accretive in the first year driven by revenue and cost synergies and is financed primarily with Concentrix cash and credit facility capacity.
- Buyers
- Concentrix Corporation
- Targets
- ServiceSource International, Inc.
- Sellers
- Edenbrook Capital, LLC, Archon Capital Management LLC, PRIMECAP Management Company, Lynrock Lake LP, Other ServiceSource shareholders
- Industry
- Professional Services
- Location
- California, United States
- Transaction Type
- Buyout
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