JMC Capital Partners is pleased to announce that its portfolio company Source Code, LLC (“Source Code”) has completed the acquisition of Broadberry Data Systems (“Broadberry”), based in London England. Headquartered in Waltham, MA, Source Code is a leader in the design and manufacture of dedicated servers for independent software developers, advanced artificial intelligence and deep learning applications, and a leading provider of IT services.
“We are very pleased to acquire Broadberry,” said Arthur Ataie, CEO of Source Code. “This acquisition provides us with a strategic beachhead in the UK and European markets where we intend to make additional acquisitions and continue our aggressive program of building our business both through acquisition and organic growth”.
“We are very excited to be joining forces with SourceCode,” said Colin Broadberry, President of Broadberry Data Systems. “Both companies will benefit from the product, engineering, and marketing synergies, that we are already beginning to realize.”