Sale of Ciall Systems Ltd. to Storm Technology Ltd.
Ciall Systems Ltd. ("Ciall") is an IT services company that sells the Microsoft Dynamics NAV and Bi360 software products, whilst also providing associated support, consulting and hosting services. The company had grown rapidly with a well-spread customer base and strong financial metrics.
Pegasus Capital advised on the sale of Ciall to Storm Technology Ltd. The transaction enabled both companies to expand the product portfolio that they could offer their respective customer bases, thereby creating the potential for revenue synergies from which both companies would benefit.
SECTOR: IT Services
TERMS: Not disclosed