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Sitecore Signals Intention to Acquire Hedgehog Development
Wednesday 15 May 2019

15 May 2019 - California, US-based Sitecore, a provider of digital experience management software has indicated its intention to acquire New York, US-based digital consultancy Hedgehog Development, the company said.
Sitecore's acquisition of Hedgehog is subject to customary closing conditions and is expected to close in June of 2019. Financial terms were not disclosed. Upon closing of the transaction, Hedgehog's more than 80 employees will become part of Sitecore, including the Hedgehog leadership team.
The acquisition would accelerate Sitecore's growth and bolster the people, technology, and services resources supporting Sitecore Solution Partners as they continue to solve customers' most critical digital transformation challenges.
Sitecore said the addition of Hedgehog strengthens this community and supports Sitecore's revenue growth by adding a team that brings an innovative culture and critical front-line implementation expertise to increase the ability to scale in the key areas of services, training and support.
Sitecore offers digital experience management software that combines content management, commerce, and customer insights.
Hedgehog is a digital consultancy that designs and engineers high performance, multi-channel digital marketing solutions positioning clients for growth and success. A multidisciplinary web solutions firm, Hedgehog offers strategy, design, consulting, technology, and managed services.
CG Petsky Prunier, part of the Canaccord Genuity Group, served as the exclusive financial advisor to Hedgehog Development LLC.
Details
Date Published: 15/05/2019
Target: Hedgehog Development
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Sitecore
Comment:
Terms of the deal were not disclosed

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