Hubify Limited has acquired Connected Intelligence -- a managed IT services provider (MSP). The deal's M&A valuation was roughly 3.4 times annual EBITDA (earnings before interest, taxes, depreciation and amortization), according to financial metrics disclosed with the deal.This is technology M&A deal number 365 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.Hubify is based in New South Wales, Australia. Connected Intelligence has a presence in Sydney, Melbourne, and Brisbane, Australia. Hubify's core focus areas include mobility, voice, Internet and networks, managed services and cybersecurity. Meanwhile, Connected Intelligence offers cloud, IT support, voice, security and connectivity capabilities.Annual revenue of AUD$2.6 million (approximately US$1.93 million) EBITDA of AUD$870,000 (approximately US$650,000) Roughly 90% of the revenue is recurring. The recurring revenue mix spans managed services (75%) along with voice and data (25%). Hubify will pay AUD$3 million (US$2.23 million) for the acquisition, or 3.4 times Connected Intelligence's annual EBITDA. The acquisition will lift Hubify's annual recurring revenue by 13% to AUS$19.5 million (approximately US$14.5 million).
Mergers and Acquisitions, Mergers and Acquisitions, MSP, Content
M&A: Hubify Acquires Connected Intelligence, MSP Valuation Revealed

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