Ascendum Solutions

Company acquired: Sourcebits

Head count: 1,000-5,000 employees

Annual revenue: undisclosed

Purchase price: undisclosed

Date of announcement: Feb. 15

Ascendum Solutions acquired San Francisco-based company Sourcebits, increasing its digital solutions offerings.

Formerly known as an application design company, Sourcebits has, as of late, become more of a full-service digital consultancy with offerings in analytics, the Internet of Things (IoT) and cloud solutions across several industries, including retail, financial services, wellness, travel and technology.

Ascendum is a Cincinnati-based digital solutions company with offices in Hamilton and Blue Ash, Ohio, and New York City. The company is a wholly owned subsidiary of private equity group Vora Ventures Group.