TMCnet News
Schafer acquires Asynchrony SolutionsAug 13, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Schafer Corporation, a provider of scientific and engineering products and analysis, systems integration, programmatic support, and technical services/solutions, has acquired Asynchrony Solutions, Inc., a provider of agile software development, enterprise architecture and systems integration services. Both the companies are based in the US. KippsDeSanto & Co. and Armstrong Teasdale LLP served as financial and legal advisors to Asynchrony Solutions, respectively. Kirkland & Ellis LLP served as legal advisor to Schafer. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2010-08-12 Deal Participants Target (Company) Asynchrony Solutions, Inc. Acquirer (Company) Schafer Corporation Deal Rationale The acquisition enables Schafer to deepen its information technology competencies and accelerate its objective of providing better support and problem-solving solutions. |