Tuesday, September 18, 2012
Gores Group Buys Astadia
Los Angeles-based private equity firm The Gores Group has acquired cloud computing consulting and systems integrator Astadia, Gores said Monday. Financial details of the transaction were not announced. Astadia will be merged with Idea, a current portfolio company of The Gores Group. Astadia serves enterprise customers, helping them build cloud-based software; the firm says it has 2,600 clients using its services. Astadia was based in Dallas, Texas.