Management Consulting’s Next Move is Tech Enabled

Last week Clearsight was in London to celebrate the completion of another successful transaction, a license of key IP assets to EY in a deal that provided a landmark liquidity event for Clearsight’s client Competitive Capabilities International (Pty) Ltd. (“CCi”). CCi is a South African software and consulting business helping clients in the global manufacturing space achieve transformative operational improvement. The firm is known for its manufacturing operations management software TRACC which provides a rich depth of proprietary content delivered through a web-based software platform. EY has adapted the software to launch a new venture, UK-based EY Catalyst, to offer new tech-enabled capabilities to its Advisory clients in global manufacturing. Continue reading

Clearsight Advises AXIO TI Holdings Limited (“TechInsights”) in its Acquisition by Oakley Capital

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in the Legal Services & Information Solutions Practice.  Clearsight served as the exclusive strategic and financial advisor to AXIO TI Holdings Limited (“TechInsights”) in its acquisition by funds managed by Oakley Capital Limited (“Oakley”).  Continue reading

Market Spotlight – Beringer Capital Acquires a Majority Interest in Digital Consulting Firm, iCiDigital

On May 15, 2017, Beringer Capital, a Toronto-based private equity firm, acquired a majority interest in iCiDigital, a digital consulting firm based in Raleigh, NC, for an undisclosed amount. iCiDigital was created in 2014 as a spin-off from I-Cubed after its sale to KPIT. The partnership with Beringer Capital provides additional resources for iCiDigital to expand their reach and widen their talent pool across creative, engineering, and data science.

Beringer Capital – iCiDigital Transaction Deal Profile

Clearsight Advises Competitive Capabilities International (Pty) Ltd. in its Perpetual Global License Agreement with EY Catalyst Limited

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful software transaction.  Clearsight served as the exclusive strategic and financial advisor to Competitive Capabilities International (Pty) Ltd., (“CCi”) in its perpetual global license agreement with EY Catalyst Limited, a member firm of Ernst & Young Global Limited.  This operational improvement software and consulting transaction further illuminates Clearsight’s position as the leader in advising high-end tech-enabled services firms. Continue reading

3 Ways ASC 606 Will Impact Software Companies and Future M&A

There is a new accounting regulation, ASC 606, that will accelerate software companies’ ability to recognize revenue and profitability.  In an effort to establish principles that mesh with both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), the Financial Accounting Standards Board (FASB) introduced this new revenue recognition standard to report “useful information to users of financial statements about the nature, timing, and uncertainty of revenue from contracts with customers.” Continue reading

Digital Disruption in the Market – Clearsight’s Philo Tran Weighs in

Digitization is rapidly changing the business landscape. What effect is this having on the middle market in particular? Five experts, including Clearsight Director, Philo Tran, discuss the implications for M&A and private equity in the Q2 Mergermarket Newsletter.

Get the report here – Digital Disruption in the Middle Market

 

 

Jacobs’ Acquisition of Van Dyke Makes Washington Technology’s List of Top Deals in 2016

Washington Technology’s 2016 M&A Roll-Up highlights pivotal acquisitions in the region and a Clearsight deal has been listed in the Top 10.  Cybersecurity leader Van Dyke Technology’s acquisition by Jacobs was a concrete move to secure and protect the continuously increasing interconnectedness of our infrastructure.  This deal signaled the IoT M&A trend to protect and secure our increasingly connected world.

Read the article here

Clearsight Advises Premier Payments Consulting Firm, First Annapolis Consulting, in its Acquisition by Accenture

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Professional Services Practice.  Clearsight served as the exclusive strategic and financial advisor to First Annapolis Consulting, Inc. (“First Annapolis”) in its acquisition by Accenture (NYSE: ACN).  This transaction further emphasizes Clearsight’s position as the leader in advising high-end consulting firms. Continue reading

Vista Gets Creative & Doubles Down on Banking Software

Vista Equity Partners made a stunning announcement regarding its UK-based financial software firm, Misys, on Monday as they boldly doubled down on the space and acquired DH Corporation (TSX:DH). Continue reading

Market Spotlight – Tech Mahindra Acquires HCI Group

On March 7, 2017, Tech Mahindra Limited (NSEI:TECHM) (“Tech Mahindra”) signed a definitive agreement to acquire CJS Solutions Group, LLC, (aka ”The HCI Group”), a leading healthcare information technology consulting company. The deal values The HCI Group at an enterprise value of $110mm. Tech Mahindra will make an upfront payment of $89.5mm for an 84.7% stake in the company, the remaining 15.3% will be acquired over the next three years. The transaction is expected to close by April 2017, subject to regulatory approvals.

View the Deal Profile – Tech Mahindra Acquires The HCI Group