Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce a successful transaction in its market-leading Digital, Data & Cloud practice. Clearsight served as the exclusive advisor to number8, LLC (“number8” or the “Company”) in its acquisition by Software Mind S.A. (“Software Mind”), backed by Enterprise Investors Sp. z o.o. and Ailleron SA. Headquartered in Louisville, KY … Continued
Clearsight is thrilled to highlight the growth and success of our firm through a key team addition and promotions. First, we are delighted to welcome Rishabh Mishra as Managing Director. Joining Clearsight’s New York City office, Rishabh brings a remarkable background from years working in the Knowledge Economy. Rishabh most recently led Apexon’s corporate development … Continued
2023 highlighted Clearsight’s collective resilience, adaptability, and dedication to achieving a memorable year for our clients and our firm. We navigated a dynamic M&A landscape and a challenging economic climate to help our clients achieve their goals, culminating in 18 completed transactions and an aggregate value of over $2 billion. Cross-border and private … Continued
ACG’s Middle Market Growth Magazine spoke with Matt Brom to glean insights about the future of artificial intelligence (AI) in the aerospace and defense industry. Matt leads Clearsight’s Government Services, Defense & Public Sector Technology Practice. Read the article here. Contact Matt Matt Brom Managing Director, Clearsight Advisors Washington, D.C. mbrom@clearsightadvisors.com
We are thrilled to announce Gretchen Frary Seay, Clearsight Co-Founder and Managing Director, has been named to D CEO’s 2024 Edition of the Dallas 500 for the fourth consecutive year. This incredible achievement underscores Gretchen’s commitment to excellence and her powerful presence in the Dallas business community. The Dallas 500 celebrates the most powerful and … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its IT Services and Public Sector Technology practices. Clearsight served as the exclusive advisor to Incapsulate, LLC (“Incapsulate” or the “Company”) in its acquisition by Accenture (NYSE: ACN). Incapsulate is a Washington, DC-based digital transformation consulting firm specializing in Salesforce solutions. Since its … Continued
Clearsight Advisors, Inc. (“Clearsight”) is proud to share another successful transaction in its Strategic Business Consulting practice. Clearsight served as the exclusive advisor to Resources Connection, Inc. dba Resources Global Professionals (RGP) (“RGP” or the “Company”) (NASDAQ: RGP) on its acquisition of CloudGo PTE., Ltd. (“CloudGo”). RGP is a global consulting firm and next-generation human … Continued
Clearsight Advisors, Inc. (“Clearsight”) is proud to announce a successful transaction in its industry-leading Healthcare & Life Sciences practice. Clearsight served as the exclusive financial advisor to CREO, Inc. (“CREO” or the “Company”) in its recapitalization by Grant Avenue Capital, LLC (“Grant Avenue”). CREO is a leading management consultancy serving growing life sciences, healthcare, and … Continued
The rise of OpenAI’s ChatGPT has captured the world’s attention and drawn tremendous interest to the rapidly progressing world of artificial intelligence (AI). Natural language processing models (NLPs) have advanced so much in recent years that generative AI tools can now pass the bar and US medical licensing exams. Public companies have taken note of these … Continued
Strategic acquirers and private equity firms alike are finding ways to add value through M&A despite an uneasy macroeconomic environment. Clearsight’s Justin Loeb discusses current market activity with ACG‘s Middle Market Executive magazine. Read the full feature, part of the Summer 2023 edition. Justin Loeb Director, Clearsight Advisors Washington, DC jloeb@clearsightadvisors.com … Continued
Congratulations to Clearsight Co-Founder and Managing Director Gretchen Frary Seay on being named to D CEO’s 2023 Dallas 500. The Dallas 500 celebrates the most powerful and influential business leaders in North Texas. Gretchen was previously honored by Dallas 500 in 2021 and 2022, and won D CEO Magazine and ACG Dallas-Fort Worth’s Investment Banker … 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
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another marquee product engineering transaction in its Digital Transformation Practice. Clearsight served as the exclusive advisor to Hexacta, S.A. (“Hexacta” or the “Company”) in its pending acquisition by GlobalLogic, a Hitachi Group Company (“GlobalLogic”). Headquartered in Montevideo, Uruguay, Hexacta is a rapidly growing digital and data engineering … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its industry-leading Digital Transformation and Consulting practices. Clearsight served as financial advisor to AustinCSI, LLC (“AustinCSI” or the “Company”) in its acquisition by Cognizant (NASDAQ: CTSH). AustinCSI is a premier digital transformation consultancy specializing in enterprise cloud and data analytics advisory services. Founded … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its industry-leading Digital Transformation practice. Clearsight served as advisor to AnswerLab, LLC (“AnswerLab” or the “Company”) on a strategic investment from Shamrock Capital Advisors, LLC (“Shamrock”). AnswerLab is a leading independent UX research firm that partners with global brands such as Google, Amazon … Continued
Clearsight Advisors, Inc. served as exclusive advisor to CIVC Partners, LP in its investment in Allata, LLC, a premier custom application development and data analytics consultancy. The Clearsight deal team included Philo Tran, Justin Loeb and Austin Stengle.
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Digital Transformation practice. Clearsight served as the exclusive advisor to Postlight, LLC (“Postlight” or the “Company”) in its acquisition by NTT DATA Corp. (“NTT DATA”). Postlight is a digital strategy, design and engineering firm, creating beautifully designed and expertly engineered digital products. … Continued
Several hundred executives and investors participated in Clearsight’s annual Digital Innovation Summit last month, offering insights and connections to carry us through the rest of 2022. Philo Tran, Managing Director and Head of the Digital Transformation practice at Clearsight, moderated a virtual fireside chat with Shashank Samant, CEO of GlobalLogic, and Bruno Guicardi, Co-Founder & … Continued
While most enterprises in 2021 were finally beginning to adjust and regain their footing after enduring a tumultuous pandemic-year, the M&A, private equity, and venture capital industries found themselves hitting the ground running – delivering a record-breaking year during a period of mass economic uncertainty. ACG National Capital’s Corporate Growth, Capital Style team caught up … Continued
ACG’s Middle Market Growth Magazine caught up with Clearsight’s Justin Loeb to expand upon The Wild West of Knowledge Economy M&A, found in the Fall 2021 issue of ACG’s Middle Market Dealmaker. View Justin’s video discussion of key Knowledge Economy subsectors here .
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation and Cloud practices. Clearsight served as the exclusive financial advisor to Modus Create, Inc. (“Modus” or the “Company”) on a strategic growth investment by JLL Partners (“JLL”). Modus is a premier cloud-native product development firm and digital transformation consultancy … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation practice. Clearsight served as the exclusive strategic advisor to Devbridge (or the “Company”) in its acquisition by Cognizant Softvision, a subsidiary of Cognizant (NASDAQ: CTSH). The deal marks Clearsight’s ninth digital transformation transaction in the last 12 months. Devbridge … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation and Data Analytics practices. Clearsight served as the exclusive strategic advisor to RCG Global Services, Inc. (“RCG” or the “Company”), a portfolio company of Eos Partners L.P. (“Eos”), in its recapitalization by Frontenac Co. (“Frontenac”). Headquartered in Iselin, NJ, … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation practice. Clearsight served as the exclusive strategic advisor to Overactive, Inc. (“Overactive” or the “Company”) in its acquisition by Perficient, Inc. (“Perficient”) (NASDAQ: PRFT). This transaction marks Clearsight’s seventh Digital Transformation transaction in the last 12 months and the … Continued
The push toward digital transformation ignited by the coronavirus pandemic is remaking the Knowledge Economy M&A landscape with unusually high valuations, quickened auction processes and unprecedented deal activity. Clearsight’s Brendan Curran and Justin Loeb expand on these current M&A trends in ACG‘s Middle Market Dealmaker magazine. Read the full feature in the Fall 2021 issue. … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Digital Transformation practice. Clearsight served as the exclusive advisor to Blink Interactive, Inc dba. Blink UX (“Blink” or the “Company”) in its acquisition by Mphasis, Ltd. (NDS: MPHASIS) (“Mphasis”), a publicly traded company, with The Blackstone Group, Inc. as a majority owner. … Continued
As the world continues to adapt to life during COVID-19, businesses are utilizing digital platforms to develop and enhance customer relationships, ensure satisfactory user experiences and maintain relevance within ever-changing markets. With increasing dependence on digital touch points, corporations with an established but evolving digital strategy continue to grow amidst the global pandemic, while laggers … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Data Analytics and Digital Transformation Practices. Clearsight served as exclusive financial advisor to DAS42, LLC (“DAS42” or “The Company”) on a growth investment from M/C Partners. This transaction reaffirms Clearsight as a leading advisor to the highly coveted Cloud & Data … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Digital Transformation and Data Analytics practices. Clearsight served as exclusive advisor to H.I.G. Capital (“H.I.G.”) on its growth investment in Concord USA, LLC (“Concord”) and Upton Hill Inc. (“Upton Hill”). This marks another landmark buyside advisory transaction for Clearsight. H.I.G. is a … Continued
New, sophisticated cybersecurity tools are invaluable in securing our digital world, but they increase, rather than obviate, the need for well-trained cybersecurity experts. Ten years ago, Marc Andreessen famously noted in the Wall Street Journal that, “software is eating the world.” The gist of this argument will be familiar to most and has been borne … Continued
At this year’s Virtual Digital Innovation Summit, Clearsight’s M&A panel brought together thought leaders from across the digital transformation sector to discuss Deal Making in an Evolving Landscape. Philo Tran, Managing Director and Head of the Digital Transformation practice at Clearsight, moderated the panel that included Prasad Chintamaneni, Managing Director at New Mountain Capital; Tim … Continued
Clearsight Advisors, Inc. is pleased to announce that it served as exclusive financial advisor to Deloitte & Touche LLP on the sale of its life sciences pricing and contracting solutions business (PaCS) and underlying technology to Model N, Inc. (NYSE: MODN), which closed on December 31, 2020. The transaction broadens Model N’s portfolio to better serve … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its IT Services practice. Clearsight served as the exclusive advisor to Covestic, Inc. (“Covestic” or “The Company”) in its acquisition by Milestone Technologies, Inc. (“Milestone”), a portfolio company of H.I.G. Capital, LLC. This deal highlights Clearsight’s position as a top advisor to Cloud … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful cloud and product engineering transaction, the eighth deal within the last 24 months for the firm’s Digital Transformation practice. Clearsight served as exclusive advisor to Synerzip, LLC (“Synerzip” or The Company”) on its merger with Prime Technology Group, LLC (“Prime”), a portfolio company of Frontenac. … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another highly successful transaction in its Digital Transformation practice. Clearsight served as financial advisor to Grupo ASSA Worldwide (“gA”) in its acquisition by Globant S.A. (NYSE: GLOB) (“Globant”). This deal marks Clearsight’s second LatAm transaction since June and the fifth overall transaction since April. Grupo ASSA Worldwide … Continued
Clearsight Advisors, Inc. (“Clearsight” ) is pleased to announce another highly successful transaction in its Digital Transformation practice. Clearsight served as advisor to Productora de Software S.A.S. (“PSL”) in its acquisition by Perficient, Inc. (Nasdaq: PRFT) (“Perficient”). This transaction is the fifth for Clearsight’s Digital Transformation practice in the last 12 months and the third … 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
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
For many, digital transformation falls into the category of “terms often used but challenging to define.” It conjures up images of artificial intelligence, the cloud, and automation across the professional spectrum. Although these are manifestations of the larger wave of digital transformation, their implementation has fallen short for many businesses that believed they were the … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Digital Transformation and Data Analytics practices. Clearsight served as the financial advisor to Intersys Consulting, LLC (“Intersys”) on its acquisition by ASGN Incorporated (NYSE: ASGN) for $67 million of cash plus restricted stock. This transaction further emphasizes Clearsight’s position as the … Continued
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Digital Transformation practice. Clearsight served as the buyside advisor to West Monroe Partners on its acquisition of GoKart Labs. This transaction further emphasizes Clearsight’s position as the industry leader in advising high-end digital and professional services firms. With nine offices across the … Continued
On October 1, 2019, Infogain Corporation (“Infogain”), a global provider of software platform engineering services, agreed to acquire Silicus Technologies, LLC (“Silicus”), a Microsoft Gold Partner and Microsoft Azure Expert MSP. Silicus, a Houston, TX-based company, focuses on cloud-enabled digital initiatives in software, analytics, IT infrastructure, IoT, and the digital workplace. Check out Clearsight’s analysis … 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
On April 3rd, 2019, Accenture plc (NYSE:ACN), a global provider of consulting, technology, and outsourcing services, acquired Droga5, a global branding and marketing agency, for an undisclosed amount. Droga5 will be integrated with Accenture Interactive, boosting its capabilities as an experience agency able to ideate, design, build, and run customer experiences that grow purpose-led brands … 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
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
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 Gorilla Logic, LLC (“Gorilla Logic”) in its growth investment from Sverica Capital Management. Founded in 2002, Gorilla Logic provides custom digital product development services and is based in … 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
Last month, Clearsight Advisors announced that we served as the exclusive strategic and financial advisor to Kogentix in its acquisition by Accenture. The global research and advisory firm 451 Research recently reported on that deal as an example of ballast for future M&A activity in the data science atmosphere, mentioning that “Accenture has also helped … 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.
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its Big Data and Digital Transformation practices. Clearsight served as the exclusive strategic and financial advisor to Kogentix in its acquisition by Accenture (NYSE: ACN). This transaction reiterates Clearsight’s position as the leader in advising high-end consulting firms serving the big data, machine … 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
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its market-leading Tech-enabled Services & Data Analytics Practices. Clearsight served as the exclusive strategic and financial advisor to INSIGHT2PROFIT in its growth equity investment by DFW Capital Partners. DFW Capital Partners (“DFW”) announced that it has closed a strategic investment in INSIGHT2PROFIT. DFW … 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
Clearsight Advisors Participates in Dent Education’s Design Thinking Workshop Learns how the methodology can make an impact in business and in the community Design Thinking, an exploding methodology and approach in the consulting and product development industries, has the potential to make the process of solving complex problems and innovating more effective and rapid. We … Continued
Clearsight Advisors is pleased to announce another successful transaction in our Digital Transformation and Data Analytics Practice. The acquisition of LunaMetrics by HS2 Solutions, a portfolio company of Mountaingate Capital, closed on December 17, 2017, capping a record year for Clearsight. LunaMetrics, a Google Analytics Certified Partner and a Google Premier Partner, is an innovative … Continued
Last week Clearsight was in Las Vegas for Amazon’s annual cloud computing conference, AWS re:Invent. Although to call this simply a conference would be an understatement – with 40,000+ attendees across four venues, the strip was overrun by AWS devotees energized by the tech giant’s latest round of breathtaking releases for the platform. This event … 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
Clearsight Advisors (“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 IBB Consulting (“IBB”) in its acquisition by Accenture (NYSE: ACN). This transaction reinforces Clearsight’s preeminent position as the investment banking leader in advising high-end strategy and digital consulting firms. … 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
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in its technology-enabled services and customer experience practice. Clearsight served as the exclusive strategic and financial advisor to Market Force Information, LLC in its recapitalization by Main Street Capital. Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) has made a … Continued
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
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
