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.
Accenture, a leading global professional services company providing a range of strategy, consulting, digital, technology & operations services and solutions, has agreed to acquire First Annapolis Consulting, Inc., a privately held premier payments consulting and advisory firm, further expanding its capabilities in the payments market. Terms of the transaction were not disclosed.
Founded in 1991 and headquartered in Annapolis, MD, First Annapolis provides advisory services to stakeholders across the payments ecosystem. It serves a wide range of clients globally, including leading financial institutions, retailers, travel and entertainment companies, communications/technology companies, and private-equity firms. First Annapolis has provided advisory services in 20 of the top 25 world economies and serves clients across Europe through its office in Amsterdam.
Lee Manfred, a First Annapolis Partner, said, “We were fortunate to have Clearsight guide us through a process which produced a great result for our company. John Rakowski and the Clearsight team were invaluable from start to finish and we are very excited to begin the next phase of our journey with Accenture.”
“The First Annapolis team has built an extraordinary business as an undisputed leader in the payments consulting space. We are honored that the partnership trusted and selected us to advise them in what we believe will be a transformational deal for Accenture’s payments practice,” commented John Rakowski, Co-Founder and Partner at Clearsight Advisors.
The addition of First Annapolis – with its proven expertise across the payments value chain – will complement Accenture’s consulting and digital capabilities in the payments sector.