Los Angeles Business Journal

Gores Group to Acquire Texas Cloud Services Firm

By Deborah Crowe Monday, September 17, 2012

Gores Group on Monday said that through an affiliate it has acquired Astadia Inc., a cloud computing consulting and systems integrator.

The Westwood private equity firm led by billionaire Alec Gores said that Astadia, based in Frisco, Texas, will be merged with a Jacksonville, Fla., company that Gores acquired in July called Idea, which develops custom mobile and web applications that help companies transition from mainframes.

Gores Group will be the controlling shareholder of the combined companies. Terms of the deal were not disclosed.

“The merger of Astadia and Idea forms the next generation of services firm,” said Victor Otley, Gores Group managing director, in a statement. “The new entity will provide customers with the optimal expertise and scale required to address the most diverse, complex enterprise IT environments.”