Mantel Group – acquisition of Itty Bitty Apps
Miles Advisory Partners advised the shareholders of Mantel Group on the acquisition of Itty Bitty Apps.
Transaction Details
Sector
TMT
Miles Role
Advisor to the shareholders of Mantel Group
Deal Type
Mergers & Acquisitions/ buy-side
Year Completed
2022
Contacts for this Transaction
Rohan Manikath
Managing Director
Overview
- Itty Bitty Apps is a Melbourne-based mobile application development and consulting firm, with a client base including major Australian brands and the developer tool Reveal for iOS runtime view debugging
- The acquisition adds mobile application development and product capability to Mantel Group, an Australian technology consulting and software engineering group backed by private equity firm Five V Capital
- Itty Bitty Apps joined Mantel Group’s “house of brands” structure, complementing the group’s cloud, data and digital transformation offerings
Industry Context
The Australian technology consulting sector has consolidated as scaled groups acquire specialist firms to round out end-to-end digital delivery capability, including mobile and product engineering. Mobile development boutiques with strong enterprise client relationships and proprietary tooling play in a high growth segment.
