As we approach the end of the year, we often engage in retrospection: considering actions we should or should not have taken, words left unsaid or those that spilled out, new fond memories or ones we’d rather forget. In the same sense, with the bulk of the year in the rearview and the dawn of … Continued
Clearsight Advisors advised AnswerLab, a leading independent UX research firm, on a search to find an investment partner to propel AnswerLab’s growth. AnswerLab Founder and CEO Amy Buckner Chowdhry valued a strong commitment to diversity, equity and inclusion (DEI), and finding these values in a potential investor was central to the deal process. Shamrock Capital … Continued
DataRobot – best known for its suite of leading AI software platforms specifically aimed at democratizing AI for the enterprise environment – announced a partnership last week with Boston Consulting Group (“BCG”). DataRobot acquired IP, SOURCE AI, from the BCG GAMMA team. BCG created SOURCE AI to allow analytics teams to quickly aggregate data from … Continued
Accenture Security’s move to acquire Symantec’s MSSP Business from Broadcom later this year could be the first ripple in the coming wave of consolidation for the MSSP and security services industry. The deal is set to close in March of 2020 and comes shortly after Broadcom’s acquisition of Symantec’s Enterprise System in August of 2019. … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Digital Transformation and Data Analytics practices. Clearsight served as advisor to E-Nor, Inc. on its acquisition by Cardinal Path, a Dentsu Aegis Network subsidiary. This transaction further emphasizes Clearsight’s position as the industry leader in advising high-end digital and professional services firms. … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Digital Transformation practice. Clearsight served as the exclusive strategic and financial advisor to Bulldog Solutions (“Bulldog”) on its acquisition by Hero Digital, a CI Capital Partners LLC portfolio company. This transaction reinforces Clearsight’s position as the industry leader in advising high-end … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Technology Consulting practice. Clearsight served as the exclusive strategic and financial advisor to Navigator Management Partners (“Navigator”) in its acquisition by Avaap, an NMS Capital portfolio company. This transaction reiterates Clearsight’s position as the leader in advising IT Consulting and Management … Continued
Vitech Systems Group, a leading provider of cloud-based financial administration solutions, announced on 6 June 2019 that the firm signed a definitive agreement with funds advised by CVC Capital Partners under which CVC Fund VII and CVC Growth Partners will make a majority investment in the New York-based technology firm. Vitech is a global firm … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Public Sector and Non-Profit Software Practices: Clearsight served as the exclusive strategic and financial advisor to Euclid Technology in its acquisition by Fullsteam. This transaction further demonstrates Clearsight’s position as the industry leader in advising Association Management Software (AMS) firms. In … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Public Sector and Non-Profit Software Practice. Clearsight served as the exclusive strategic and financial advisor to roundCorner in its acquisition by Salesforce.org. This transaction further demonstrates Clearsight’s position as the industry leader in advising software and cloud services firms. roundCorner, the … Continued
DXC Technology, the leading B2B IT services and digital transformation solutions provider, has announced it intends to acquire software development firm Luxoft for approximately $2 billion. The acquisition enables DXC to offer clients end-to-end digital transformation services by leveraging Luxoft’s front end digital capabilities with DXC’s expertise in IT modernization and integration. Read more about … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Big Data and Data Analytics practice. Clearsight served as the exclusive strategic and financial advisor to Knowledgent in its acquisition by Accenture (NYSE: ACN). This transaction further demonstrates Clearsight’s position as the leader in advising high-end consulting firms serving the big data, … Continued
Vista Equity Partners announced this week the acquisition of Apptio, the leading technology business management software provider, for $1.94 billion. As a result, Apptio will go private and focus on growing their software platform. Read more about the transaction to get Clearsight’s perspective on the continued evolution of the technology business management space. We believe … Continued
Cognizant Technology Solutions Corporation has entered into a definitive agreement to acquire Softvision, LLC, a digital engineering and consulting company backed by Tower Arch Capital, for a rumored value of about $550 million. With its fifth digital acquisition of 2018, Cognizant has reaffirmed its mission to become a true digital consultancy. Cognizant has historically lagged … Continued
Deal Spotlight: Atos Acquires Syntel The French IT services company Atos acquires Michigan-based IT services provider Syntel. This transaction expands Atos’s capabilities in North America to provide end-to-end services to US customers. The transaction is planned to close by year-end and both companies’ Boards of Directors have unanimously approved the transaction. View our Atos deal profile here.
Deal Spotlight: Ankura Acquires Two Divisions From Navigant On June 25, 2018, Navigant Consulting, Inc. (“Navigant”), a provider of professional services, announced that it will sell its Disputes, Forensics and Legal Technology (“DFLT”) segment and Transaction Advisory Services (“TAS”) practice to Ankura Consulting Group, LLC (“Ankura”), a leading business advisory and professional services firm. The … Continued
The latest HR technology deal currently making headlines is the acquisition of Glassdoor, the job board and recruiting platform specializing in sharing employee feedback. Glassdoor has become a unique resource for both employees and employers in that it provides the traditional job board as well as anonymous, yet transparent, feedback on the employee experience. Glassdoor … Continued
On April 19, 2018, Verizon Communications Inc. (“Verizon”), a telecommunications firm, closed the acquisition of Moment, a New York-based design and strategy firm, for an undisclosed amount. Moment employees will join Verizon’s growing in-house design team and be responsible for creating end-to-end customer experiences including in-store, online, mobile and live customer service by phone or … Continued
On January 16th, 2018, NewSpring Capital (“NewSpring”), an investment firm managing ~$1.7 billion, announced that its dedicated mezzanine fund made an investment in Pillar Technology Group, LLC (“Pillar”), a software development and digital transformation consultancy focused on emerging technologies including the IoT and connected products. Pillar will use the proceeds to fuel growth including opening … Continued
On December 5, 2017, Water Street Healthcare Partners (“Water Street”), a private equity firm focused on investments in the healthcare industry, completed two acquisitions to continue building its life sciences commercialization services platform. The firm acquired Health Strategies Group, a provider of market access intelligence and customized research for pharmaceutical and biotech professionals, and Alliance … Continued
On November 27, 2017, Great Hill Partners, a Boston-based private equity firm focused on technology, announced that it has made a platform investment of $17 million in Los Angeles-based Reliam LLC (“Reliam”). Reliam provides managed services for public cloud platforms, including Amazon Web Services (“AWS”). Per the transaction press release, Great Hill Partners has committed … Continued
On November 30th, 2017, Altran Technologies S.A. (EPA:ALT) (“Altran”), a global provider of engineering and research and development services (“ER&D”), entered into a definitive agreement to acquire KKR-backed Aricent Inc. (“Aricent”), an international digital design and engineering company, for a total enterprise value of €1.7 billion or $2.0 billion. The deal is all-cash and is … Continued
One of the world’s largest consultancies made a play to expand it’s burgeoning Salesforce practice. On November 13, 2017, PwC, the global professional services firm and Salesforce Platinum Global Consulting Partner, announced that it has conditionally acquired cDecisions Limited (“cDecisions”), a provider of technology and professional services to companies looking to implement Salesforce. Per the … Continued
On November 1, 2017, a company backed by Permira Advisers Ltd. (“Permira”), a global private equity firm, announced its acquisition of Duff & Phelps Corporation (“Duff & Phelps”), a valuation and corporate finance advisor for $1.75 billion. The Duff & Phelps management team will continue to lead and maintain a significant equity stake in the … Continued
On November 2, 2017, Navigant Consulting, Inc. (NYSE:NCI) (“Navigant”), an independent, global professional services firm, announced that it has acquired substantially all of the assets of Quorum Consulting, Inc. (“Quorum”), a consulting firm focused on life sciences market access, for an undisclosed amount in order to augment its capabilities and methodologies for the life sciences … Continued
On October 3, 2017, Microsoft Corporation (NASDAQGS:MSFT) (“Microsoft”), one of the world’s largest technology companies, acquired AltspaceVR, Inc. (“AltspaceVR”), a software startup that operates a virtual reality social network, for an undisclosed sum. AltspaceVR previously announced that it was shutting down operations on July 28th, 2017 after its third round of fundraising fell through before … Continued
Yesterday, Office Depot took the first step of transforming into a business services and technology products company by acquiring CompuCom. CompuCom is a market leader in providing end-to-end managed IT services, products, and solutions that enable the digital workplace for enterprise and SMB customers. Office Depot acquired CompuCom from private equity firm Thomas H. Lee … Continued
On August 23, 2017, Apax Partners LLP (“Apax”), a global private equity firm, agreed to acquire ThoughtWorks Inc. (“ThoughtWorks”), a global software development and digital transformation company. The company’s key focus areas include digital strategy, user experience, agile development, portfolio management, and customer research. The transaction is expected to close in Q4 2017, no financial … Continued
On August 22nd, 2017, CGI Group Inc. (NYSE:GIB, TSX:GIB.A) (“CGI”), a global provider of information technology (“IT”) and business process services, announced an all-cash tender offer of €4.55 ($5.34) per share to acquire Affecto Plc (HLSE:AFE1V) (“Affecto”), a provider of business intelligence and enterprise information management solutions and services. The offer implies an enterprise value … Continued
On July 28, 2017, funds managed by MTS Health Investors, LLC (“MTS”) completed a recapitalization of Medical Knowledge Group, LLC (“Medical Knowledge Group” or the “Company”). Medical Knowledge Group is an analytics driven and technology-enabled multi-channel healthcare marketing and communications provider servicing the biopharmaceutical industry. MTS has partnered with senior management at Medical Knowledge Group … Continued
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% … Continued
The IoT sector is rapidly evolving and acquirers recognize M&A is a more efficient growth strategy than building the capability organically. Accenture has been on a digital acquisition spree over the last four years. While a number of other IT and management consulting firms are following Accenture’s path, we expect to see more “unexpected” acquirers … Continued
With 2016 in very recent memory, the world is still quaking from the effects of countless events: Brexit, the US election, and rising concerns about global international relations, to name a few. Where there is uncertainty, providers of research, data, and insights typically thrive. Gartner’s acquisition comes at a time when enterprises need help navigating … Continued
Clearly LDiscovery’s CEO, Chris Weiler, wasn’t joking around when he told the Washington Post in January 2016 that the Company, “…will look at acquisitions and be a little more aggressive.” Backed by Carlyle’s deep pockets, LDiscovery was able to pursue acquisitions of this nature as the Company seeks to increase scale in earnest.
Last week, Wipro announced its largest acquisition in history – $500 million for cloud integration firm, Appirio. This acquisition is the second bold blockbuster purchase by Wipro this year; they bought HealthPlan Services in February for $460 million.
Another eDiscovery provider is acquired by one of the largest legal staffing firms in the US. Special Counsel, Inc. (“Special Counsel”), a provider of eDiscovery and legal staffing services, announced its acquisition of D4, LLC (“D4” or the “Company”), a provider of eDiscovery litigation support. Special Counsel is a unit of the Switzerland-based Adecco Group AG, a $25 … Continued
It was announced last week that Accenture (NYSE: ACN) will acquire DayNine Consulting, one of the leading global Workday (NYSE: WDAY) services boutique partners. The deal not only represents another move by Accenture to become one of the top enterprise cloud services providers in the world, but it also marks a final step towards complete … Continued
As the retail industry’s business and operating models are evolving due to digital disruption, the demand for strategy consulting services in this industry should continue to grow. Kurt Salmon’s niche capabilities, particularly in the increasingly competitive retail space, enhance Accenture’s ability to provide industry-specific solutions to drive client competitiveness and operations. Read more about this … Continued
Integreon, Inc. changes ownership and is poised to execute an aggressive M&A strategy with its new financial sponsor, NewQuest Capital Partners. View the Deal Profile – NewQuest Acquires Integreon
IoT represents a massive opportunity for the value chain of software, hardware, communication, and services. CompuCom is positioning itself to deploy, integrate, and maintain large IoT systems. View the Deal Profile here – CompuCom Acquires Extensys
On July 28, 2016, Cognizant Technology Solutions Corporation (NasdaqGS:CTSH) (“Cognizant”), a global provider of IT, consulting, and business process services, announced it had acquired Idea Couture, Inc. (“Idea Couture”), a privately-held firm offering a broad range of digital innovation, strategy, design, and technology services, for an undisclosed amount. Idea Couture will become a part of Cognizant Digital Works, … Continued
Last week, IBM announced its $3.5 Billion acquisition of Truven Health Analytics, the former healthcare business of Thomson Reuters which Veritas Capital acquired in 2012 for $1.3B (estimated 4+x cash on cash return).
Earlier this month, MindTree Limited (BSE:532819), an India-based international IT outsourcer, entered into a definitive agreement to acquire Magnet 360, LLC, a Salesforce Platinum Consulting Partner. MindTree paid $50 million in cash, including a cash payment of $37 million at close and an earn-out payment of $13 million over two years. Our estimate is that … Continued
Our own Legal Services expert, Philo Tran weighs in on the announced acquisition of Legal Services Firm, Inventus in this Crain’s article Read the entire article here
Earlier this week, British outsourcing company Xchanging Plc agreed to be acquired by Computer Sciences Corp (through a UK subsidiary), making it CSC’s largest deal since it split into two public companies this year. The acquisition is expected to close in the next six months pending various required regulatory approvals. The combination combines CSC’s global … Continued
Roper Technologies recently acquired Aderant, which essentially provides an ERP system for large and medium size law firms. Over ten years ago, Aderant was acquired by Francisco Partners.
Earlier this month, The Carlyle Group announced its acquisition of a 51% controlling interest in PA Consulting Group, a global management and technology consulting firm headquartered in London. The deal was funded through Carlyle Europe Partners IV, which raised a new multi-billion dollar fund earlier this year invest to mid-sized European companies. The deal, which will … Continued
Last week, Korn Ferry announced the acquisition of the Hay Group, a leading leadership and talent management consultancy. We believe the acquisition warrants some discussion due to the transformative impact it will have for Korn Ferry as well as for the broader talent management space. Even more importantly, this deal caps more than a decade … Continued
Mastech to Acquire Hudson Global’s U.S. IT Staffing Business – A Sound Strategy to Combine High-Volume VMS Centric Capabilities with a Direct Retail Relationship Driven Business Model. Mastech recently announced it has agreed to acquire Hudson Gobal’s U.S. IT staffing business. While the financial details of the deal have yet to be disclosed, we applaud … Continued
Indian newspapers were rumbling last week with rumors that Capgemini, Europe’s largest IT Services firm, was close to signing a deal to acquire iGATE. This week, the deal was confirmed as Capgemini agreed to acquire iGATE for approximately $4 billion in an all cash deal, representing one of the largest deals in the IT Services … Continued
Last week, Verisk Analytics announced the acquisition of Edinburgh-based Wood Mackenzie, a global leader in data analytics and commercial intelligence for the energy, chemicals, metals and mining verticals. The acquisition establishes Verisk as a trusted data analytics provider at the center of the global energy market, similar to its position in the property/casualty insurance industry. … Continued
Following up what was a breakout year for Healthcare Consulting M&A in 2014, 2015 starts out with a bang. Huron Consulting stepped way out of its traditional comfort zone to spend nearly ¼ of its market capitalization to announce it is acquiring JMI backed Studer Group. Studer is a provider-side focused consulting and training firm … Continued
On November 3rd, Publicis Groupe announced it had agreed to acquire Sapient for $3.7 billion in cash. After factoring in Sapient’s net cash on hand, the deal yields an enterprise value of $3.4 billion. The multiple Publicis will pay is quite attractive, even after considering expected synergies the two companies are claiming can be realized … Continued
Earlier this month, Cognizant announced that it had acquired Cadient Group, a full-service digital marketing agency that serves a broad spectrum of life sciences companies in the pharmaceutical, biotechnology, consumer health, and medical device industries. The acquisition marks Cognizant’s third deal this year, and based on what we are seeing from them in the market, … Continued
Clearsight Advisors served as the exclusive strategic and financial advisor to Think Big Analytics, Inc. in its acquisition by Teradata. Teradata (NYSE: TDC), a global leader in data analytic platforms, marketing applications and consulting services has acquired Think Big Analytics, Inc., a leading consulting and solutions company, offering full strategy and implementation services focused exclusively … Continued
Clearsight served as the exclusive strategic and financial advisor to Landon IP in its acquisition by CPA Global, a portfolio company of Cinven, a leading European private equity firm. CPA Global, the world’s leading specialist in intellectual property (IP) software and services, announced the acquisition of international patent services provider Landon IP. Landon IP is … Continued
AECOM Technology Corporation (NYSE: ACM), a couple of weeks ago, announced that it will acquire a similar sized rival, URS Corporation (NYSE: URS). URS shareholders will receive $56.31 per share, $33 of which will be in cash and the remainder in AECOM stock. The per share purchase price is 19% higher than the trailing 30-day … Continued
The monumental landscape shift in the management consulting market continues to take shape. As we had anticipated after PwC’s acquisition of PRTM and Booz, as well as Deloitte’s acquisition of Monitor, EY has made their move acquiring the leading independent global strategy consulting boutique– The Parthenon Group. With roots stemming from Bain & Company, The … Continued
Earlier this week Oracle announced the $5.3 billion acquisition of MICROS Systems. MICROS is the leader in providing software & systems to the hospitality industry. While a great business in its own right, Oracle has not done an acquisition this large since it acquired Sun Microsystems in 2009. Clearly, the Sun deal was very strategic … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction. Clearsight served as the exclusive strategic and financial advisor to PharmaCM, a business unit of Deloitte, in its acquisition by TrialScope, a life sciences technology company.
Ernst & Young, LLP (“EY”) recently announced the acquisition of Five Point Partners, LLC (“Five Point” or the “Company”), an Atlanta-based IT services firm with international offices in Australia and the Philippines. Five Point primarily focuses on utility and energy clients and we estimate the company generates $50 – $60 million in revenue and has … Continued
Earlier this month, Navigant announced that it had acquired Cymetrix, a private equity-backed revenue cycle management firm specializing in providing outsourcing services to hospital and healthcare networks. The acquisition, which is the largest deal Navigant has done in the past decade, allows Navigant to further expand its business platform beyond consulting services to incorporate more … Continued
KPMG announced last week that they are acquiring automotive-focused turnaround and restructuring firm BBK, headquartered in Detroit. While otherwise relatively unremarkable amidst the most active consolidation market for management consulting firms, it reinforces a couple of key tenets we have been discussing with our Consulting clients:
IBM’s acquisition of SilverPop may appear to be a no-brainer to most – they had a hole in their tech marketing stack and SilverPop’s solution fit perfectly as IBM continues to build out their marketing automation software platform. But there are three other important messages about this space that are interesting to note.
The healthcare consulting M&A market is hot. This week another healthcare-focused consulting firm, Galloway Consulting (“Galloway” or the “Company”), was picked off by a larger, data-oriented healthcare services firm, iVantage Health Analytics.
PwC announced today that it has come to terms to acquire Booz & Co. The deal is still contingent on approval from approximately 300 Booz partners, which is not a trivial step. Regardless, this comes as somewhat of a surprise given PwC had previously made two large scale acquisitions in Diamond Technology and PRTM over the … Continued
ACTIVE Network (NYSE: ACTV) , a leader in what they describe as Activity & Participant Management (“APM”) Solutions, has agreed to be acquired by Vista Equity Partners at a 100+% premium ($1+ Billion) to their most recent trading price. Why such a whopping premium? We believe Vista sees two very exciting opportunities with ACTIVE.
Earlier this week, Omnicom and Publicis announced the signing of a definitive agreement for a cross border merger of equals, forming the world’s largest advertising holding company. The joint company will be called Publicis Omnicom Group and be led by Omnicom CEO John Wren and Publicis CEO Maurice Levy who will be co-chief executives for … Continued
In April, we shared our view that 2013 may be the year for Life Sciences IT. Well if the month of June is any reflection, it is well on its way. The month of June saw no fewer than five new deal announcements, many of which were PE-backed. I have highlighted a few that fall … Continued
On June 4, Salesforce.com announced its acquisition of leading email marketing firm ExactTarget for $2.5 billion in cash, or $33.75 a share. That’s a 53% premium to ExactTarget’s prior day closing price of $22.10, or 7.9x EV/Rev. The deal is Salesforce.com’s largest acquisition yet, and comes on the heels of its $326 million acquisition of … Continued
The Big Data market continues on its tear with the debut of Tableau’s IPO. The Company priced last week at $31/share and rocketed up to a high of almost $60/share, for a whopping market cap of ~$3.4 billion. When the Company filed its S1 form with the SEC, shares were expected to be issued in … Continued
Last week’s announcement by EBIX (NASDAQ:EBIX) that it has agreed to be acquired in a going private transaction led by a Goldman Sachs Merchant Banking affiliate adds an exclamation point to the recent activity in the Insurance Software/Technology space. While only an 18% premium to EBIX’s closing price the day before, that has more to … Continued
On April 30, 2013, Parexel Internationl Corp. (Nasdaq:PRXL) announced that it will acquire Heron Group Ltd., a life sciences consultancy which provides commercialization services for biopharmaceutical companies. Parexel is paying $38.2 million for the business, $14 million of which is in the form or an earnout over the next 26 months. This transaction highlights a … Continued
On April 23, 2013, SoftChoice Corp. (TSX: SO) announced that it had entered into an agreement to be taken private by Birch Hill Equity Partners. With over 1,200 employees, SoftChoice is a comprehensive reseller of hardware and software, and also provides a range of IT infrastructure related consulting services. The company’s clients include thousands of … Continued
In what seems to be a relatively robust IPO environment for technology companies, Blackhawk Network (HAWK) priced above its indicated range last night as demand for the Safeway owned gift card retailer/processor soars. The deal is priced at a substantial premium to Green Dot, but a relatively material discount to NetSpend’s post acquisition announcement trading … Continued
Last week, KKR announced the signing of a definitive agreement to sell Intelligence Holdings Ltd., one of Japan’s largest staffing firms to its peer Temp Holdings at an enterprise value of $720 million.
OneSource Virtual announced this week that it has raised $15 million from Halyard Capital to fund its rampant growth. OneSource Virtual is a leading Workday partner that has moved beyond just implementing the Workday solution to providing a full outsourced service in the Workday ecosystem including payroll, benefits, taxes and garnishments.
In mid-February, KPMG announced the signing of an agreement to acquire the Oracle ERP Practice from The Hackett Group (THG), a strategic advisory and business transformation consulting firm. While financial information was not disclosed, the practice is estimated to have generated revenue of approximately $12 million. The acquisition adds additional Oracle implementation expertise and complements … Continued
Earlier this week, MidOcean Partners announced that it had acquired All System Holdings (System One), a Pittsburgh-based provider of technical and engineering-related staffing solutions, in a leveraged buyout. In addition to its core capabilities on the technical and engineering side, over the last few years the company has grown its business to include legal staffing (through … Continued
Today, Workday priced its IPO above its expected range, with the market valuing the company at nearly $4.5 billion. The IPO opened up 70% and continues to trade up 72% as of the time of this post. This will likely be the hottest IPO of the year in the HCM software space and amongst the hottest … Continued
Last week, Publicis announced that it had acquired LBi, one of a few independent digital marketing agencies with global scale remaining in the highly fragmented marketing industry. Publicis paid $540 million in an all-cash deal, representing 2.2x revenue and nearly 20x EBITDA (reportedly beating Omnicom in the bidding). The purchase price represents a strong premium to … Continued
Vista Equity, a leading investor in SaaS software businesses is acquiring Bullhorn, the pioneer in SaaS recruiting software. Bullhorn has been around since 1999 with tremendous growth over the past few years. Bullhorn supports some of the largest staffing companies in the world including Randstad and Kelly. Its software has been the gold standard for … Continued
Earlier today, Canada’s CGI Group Inc. announced the acquisition of British-based IT services firm Logica PLC for an equity value of £1.7 billion (equivalent to $2.6 billion). The deal represents the largest (and boldest) deal that CGI has ever done and comes at an interesting time as Logica has recently been struggling due to economic headwinds in … Continued
Analytics data solutions provider Teradata announced an agreement to acquire eCircle, a cloud-based digital marketing firm, to enhance and expand Teradata’s overall Big Data market prowess. We believe this deal also highlights a major driver in the Big Data market – growth of vertical Big Data solutions – and in this case – analytics solutions … Continued
Last week, Davis + Henderson (D+H) announced that it had acquired Avista Solutions, Inc., a leading provider of Software as a Service (SaaS) mortgage loan origination software to community banks and credit unions in the United States. D+H paid approximately $40 million at a rumored multiple of greater than 10.0x EBITDA.
Yesterday, the NASDAQ OMX Group announced that it had agreed to acquire BWise, arguably one of the global leaders in the enterprise governance, risk management and compliance (GRC) software sector. Built on a foundation of business process management expertise, BWise’s GRC software platform enables management and business users to easily and efficiently monitor and manage risks … Continued
In our ongoing dialogue with the leading Professional Services firms we consistently hear that the Healthcare end-market is a top priority from an M&A perspective. Acquisitive companies have been making these statements for the past year and it includes firms spanning management consulting, IT consulting and staffing. From the Big 4, to IBM, Accenture and Navigant … Continued
Yesterday, On Assignment, Inc. announced that it had signed a definitive agreement to acquire Apex Systems Inc., a leading information technology staffing and services firm. The transaction will create one of the largest professional staffing firms and the 2nd largest IT staffing firm in the United States with combined pro forma revenue of $1.3 billion.
Cornerstone OnDemand, a SaaS Talent Management vendor who went public last year, announced its first post-IPO acquisition. Cornerstone acquired Sonar6, a small New Zealand-based firm that provides SaaS solutions to measure staff performance and helps build out the Cornerstone offering, specifically accelerating Cornerstone’s strategy to penetrate the small business market.
Earlier today, Chicago-based TransUnion Corp. announced that it had signed an agreement to be acquired by private equity firm Advent International and Goldman Sachs (GS Capital Partners VI Fund, LP) in deal estimated at $3 billion. The transaction, expected to close late in the first quarter, would see TransUnion swap private owners. Current owners include private-equity firm Madison Dearborn … Continued
Earlier this week, Guidewire Software priced its IPO at $13.00 per share and started trading on the New York Stock Exchange (NYSE). The IPO has been highly successful as the share price climbed more than 30% on the opening day and continues to hold its ground. All in all, the company raised $115 million in gross … Continued
Last week, Recruit Co. announced that it had acquired the U.S. and European operations of Tokyo based Advantage Resourcing (AR) from Cerberus Capital Management for $410 million. AR will keep its operations in Japan and its Advantage Federal operations in the U.S. The Advantage Federal business provides staffing, including security-cleared personnel, to firms serving the … Continued
Big Blue announced today that it has acquired Emptoris in a further bid to fill out its growing catalog of business-to-business and business-to-consumer commerce technologies. Emptoris is a privately held provider of cloud and on-premise analytics software that brings intelligence to procurement and supply chain operations with spend, supplier and contract management for “Smarter Commerce.”
TCV today announced it has acquired a significant minority equity position in Sitecore, the Danish Web Content Management (WCM) software business. Sitecore is a rapidly growing, highly profitable software business with a unique position at the center of the convergence between WCM, Web Analytics and Email marketing. Sitecore is now likely to continue building its … Continued
Last month it was Salesforce buying customer support solution, Assistly. This month it’s Oracle buying RightNow Technologies, a more mature, but similarly positioned player in the customer services software space. Earlier this week, Oracle announced plans to acquire RightNow for approximately $1.5 billion (yes, we double checked to ensure this was correct).
Foreign buyers have been actively looking at domestic staffing businesses and Japan’s Recruit Co. LTD. just announced its $295 million acquisition of Staffmark, a 40 year old $1 billion Cincinnati, Ohio-based staffing business.
Two DC area headquartered companies, Neustar, Inc. and TARGUSinfo, recently announced a game changing M&A transaction for Neustar. With this deal, Neustar has further vaulted ahead in the data and analytics space associated with its core telecommunications market. TA Associates backed TARGUSInfo has been a tremendously successful pioneer in the On-Demand analytics space, leveraging consumer … Continued
A few days ago, KPMG announced that is had acquired Optimum Solutions, an Oracle Platinum Partner that provides management consulting and systems implementations services around the Oracle enterprise suite.
Today, Accenture signed a definitive agreement to acquire Zenta, a leading provider of residential and commercial mortgage processing services in the United States. The acquisition will significantly expand Accenture’s footprint in the mortgage industry, while also enhancing its business process outsourcing (BPO) portfolio.
