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Rautenberg & Company advises Allgeier on the acquisition of Objectiva Software Solutions, Inc.

The team around Arndt Rautenberg advised the management board of Allgeier SE on the takeover of Objectiva Software Solutions, Inc. Allgeier SE, Munich (WKN A2GS63), strengthens its international software development business in the Technology division with a new acquisition. Last Friday, Allgeier signed an agreement to acquire 100 percent of the shares of Objectiva Software Solutions, Inc. based in San Diego, California, USA.

Objectiva Software Solutions, Inc. was founded in 2001 as a spin-off from the IT company EMC and achieved sales of around $24 million in the past fiscal year. Objectiva specializes in software development solutions and cross-platform technology implementation, particularly in the areas of e-commerce and content. The company has an excellent customer base in the US market and, in addition to the US locations in San Diego and Seattle, another sales network in the greater Chicago, Denver, Indianapolis and Boston areas. Besides, Objectiva has two Chinese software development centers in Beijing and Xi'an with around 450 highly qualified developers.

Allgeier SE is one of the leading IT companies for digital transformation: Three segments with individual technical and industry-related focal points work together for around 3,000 customers from almost all sectors. With approximately 8,000 employees and about 1,400 freelance experts, Allgeier offers customers a broad portfolio of solutions and services as a one-stop shop. With its highly flexible delivery model, Allgeier covers the entire IT service spectrum from onsite to nearshore to offshore: With strong footholds in India and China, flexibility and optimum scalability of services as well as sophisticated expert knowledge in high-end software development are ensured.

The Rautenberg & Company team advised and supported the buyer throughout the entire process, in particular through the preparation of a commercial due diligence and the development of an integrated business plan for the combined entities.

Quick Facts

  • Date
    • May 2018
  • Allgeier SE
    • One of the leading IT companies for digital transformation
    • Broad portfolio of solutions and services as a one-stop shop with 8,000 employees and 1,400 freelance experts
    • Revenue (continued) 2017 of EUR 574m
  • Objectiva Software Solutions, Inc.
    • Software development solutions and cross-platform technology implementation, especially in the areas of e-commerce and content
    • Headquartered in San Diego, California, USA and software development centers in Beijing and Xi'an, China
    • Revenue of USD 24m with 450 employees
  • Deal Size
    • Double-digit million euro amount, divided into initial payment at closing and pro-rated payments due at a later date
  • Services
    • Preparation of a commercial due diligence and support of the company in the development of an integrated business plan including all synergies
  • Team
    • Arndt Rautenberg, Managing Partner
    • Gero Steinröder, Director
    • Kurt Weise, Senior Associate

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