Covansys Corporation
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Covansys Corporation - overview
Established
1985
Location
Farmington Hills, MI, US
Primary Industry
Outsourcing
About
Covansys Corporation is a global consulting and technology services company, specializing in outsourcing of personnel and services.
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Covansys Corporation - financials
| Fiscal Year Ended | Dec 31, 2001 | Dec 31, 2002 | Dec 31, 2003 | Dec 31, 2004 | Dec 31, 2005 | Dec 31, 2006 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 404,734,000 | 383,053,000 | 378,630,000 | - | - | - |
| % Revenue Growth (YoY) | - | (5.4%) | (1.2%) | - | - | - |
| EBITDA (USD) | (13,077,000) | 15,545,000 | 26,691,000 | - | - | - |
| Operating Income (USD) | (24,593,000) | 655,000 | 10,594,000 | - | - | - |
| Operating Margin | (6.1%) | 0.2% | 2.8% | - | - | - |
| % EBITDA Margin | (3.2%) | 4.1% | 7.0% | - | - | - |
| NET Income (USD) | (10,518,000) | 3,885,000 | 10,320,000 | - | - | - |
| % Net Margin | (2.6%) | 1.0% | 2.7% | - | - | - |
Covansys Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Covansys Corporation | - | ||||||||
| Private Placement/Follow on | Completed | Covansys Corporation | - | ||||||||
| IPO | Completed | Covansys Corporation | - | ||||||||
| Buyout | Completed | Covansys Corporation | - |
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Covansys Corporation - employee data
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