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Edgewater Funds' Haystax takes over FlexPoint Technology
Wednesday 08 May 2013

8 May 2013 – Private equity firm The Edgewater Funds' portfolio company Haystax Technology Inc on Wednesday said it had acquired US IT professional services company FlexPoint Technology LLC for an undisclosed amount.

FlexPoint Technology will operate as FlexPoint Technology, a Haystax Company, under the leadership of its current president David Conrad, the buyer said.

FlexPoint Technology's cloud computing and security services are a perfect complement to Haystax's capabilities in big data analytics and mobile solutions, Haystax's CEO William B. Van Vleet said, commenting on the transaction.

Through the acquisition, the buyer expands its offering to the defense and intelligence markets with secure cloud computing and enterprise content management services, it said.
Date Published: 08/05/2013
Target: FlexPoint Technology LLC
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition, LBO
Status: Closed
Buyer: Haystax Technology Inc , The Edgewater Funds