March 2021

Anubex Acquired by Astadia

33Equity is pleased to announce that it has acted as the exclusive financial advisor to Anubex in its acquisition by Astadia.

Acquired by

Sell side

Company sold → acquirerSide advised by 33EquityMap data: Natural Earth

About Anubex

Anubex, founded in 1988 and headquartered in Kontich, Belgium, is a leading provider of software solutions specializing in mainframe modernization and cloud migration. With over 25 years of experience, Anubex offers automated tools and expertise that enable enterprises and government institutions to transform legacy applications into modern, cloud-ready systems. Their product suite includes CodeTurn, DataTurn, TestMatch, and DataMatch, which facilitate the refactoring and testing of legacy systems, supporting technologies such as Assembler, COBOL, IDMS, and Natural ADABAS.

The strategic acquisition by Astadia, a U.S.-based leader in mainframe-to-cloud migrations, enhances its service offerings by integrating Anubex's automated refactoring capabilities. This combination provides a comprehensive mainframe migration roadmap, enabling clients to transition from IBM Z Series and Unisys ClearPath platforms to their preferred cloud environments seamlessly.

This transaction underscores 33Equity's expertise in advising technology companies on strategic mergers and acquisitions.

Unlock your Business's Full Potential with M&A

Whether you are considering a full or partial sale, bringing in a strategic investor, or simply exploring your options, we help entrepreneurs and shareholders in software, IT services and technology-enabled professional services navigate the path ahead.