Consulting Sector M&A Deals for week beginning 29th September

businessman doing handstand on the beachBP3 Global Inc. (USA) acquired Modexe Ltd. (UK)
Deal Size: Unspecified Industry: IT consulting Date: September 2014
BP3 Global, an Austin, TX based provider of business process management (BPM) services and solutions, announced that it has acquired the interests of Modexe Ltd, a London, UK based consultancy focused on IBM BPM and Operational Decision Management implementations. The union of the two geographic leaders provides customers with an unparalleled range of IBM Smarter Process services and tools. The purchase of Modexe further increases BP3’s footprint in the BPM services market. Founded in 2007, BP3 has become the premier IBM Smarter Process software and services partner in the US and has more experience deploying BPM throughout the Fortune 500 than any other independent firm. The acquisition of Modexe, a European partner for IBM BPM and ODM, positions BP3 as the leading provider of BPM services across both North America and Europe. “We’re excited about our official expansion into the European market and welcome the Modexe staff and customers to our unique culture,” said BP3 CEO and Co-Founder Lance Gibbs. “While we currently have consultants based in Europe, a European headquarters will allow BP3 to both continue the rapid growth we have experienced over the past several years and to add more effective customer service for international customers. Modexe employs a group of dedicated BPM delivery professionals and I am confident that their addition to our team will further our mission to provide great customer experiences with BPM around the world.” Modexe Ltd. operates as a specialist consultancy focusing on IBM business process management and operational decision management technologies.

HSMC Orizon LLC (USA) acquired It21-Consult Gmbh (Germany)
Deal Size: Unspecified Industry: IT consulting Date: September 2014
HSMC Orizon Technology announces the acquisition of IT 21, a perfect fit for the firm’s IT growth strategy. As the firm’s new leader, Michael Bohning’s first challenge was to find a technology consulting firm to strengthen HSMC Orizon Technology’s managed IT services business and, with the right opportunity, a firm that would increase their geographic coverage locally, nationally and internationally. He found both in Olathe-based firm IT21, founded by Chuck Nuffer and Rick Mentel. As of September 1, 2014, HSMC Orizon Technology acquired the assets of IT21, boosting the firm’s technology staff and services. “IT21 brings experienced staff, mature systems and proven procedures to proactively help clients manage technology. Their Quality of Service client service model fits perfectly with HSMC Orizon Technology’s client-centered approach to growing our managed technology services business,” explains Bohning. HSMC Orizon is an award winning accounting and consulting firm providing accounting, tax, audit/assurance and business advisory services. It21-Consult Gmbh offers managed IT services and information systems consulting services.

Huron Consulting Group Inc. (USA) acquired Threshold Consulting, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: September 2014
Huron Consulting Group Inc. a leading provider of business consulting services, announced that the Company completed its acquisition of Threshold Consulting, Inc. Threshold provides cloud-based Software as a Service (SaaS) applications, data warehousing and business intelligence (BI) solutions, as well as customer relationship management (CRM) consulting capabilities. Threshold’s business complements Huron’s existing enterprise performance management (EPM), BI and analytics offerings to the office of the CFO and adds deeper CIO-centric solutions including data warehousing, data modeling and information governance capabilities, while also providing an entry into Salesforce.com CRM implementation services. Threshold is a Salesforce.com registered Silver Cloud Alliance Partner and Huron is a Platinum level member of Oracle PartnerNetwork (OPN). Threshold Consulting Services, Inc. provides information asset management services to the United States and international clients. The company specialises in data warehousing, including data integration and repositories, as well as business intelligence, enterprise performance management, scorecards and dashboards, financial planning and reporting, and compliance solutions. Huron Consulting Group Inc. provides operational and financial consulting services in the United States.

Hitachi Consulting (USA) acquired Stone Apple Solutions Pte Ltd (Singapore)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
Hitachi Consulting, the global management consulting and IT services business of Hitachi Ltd., announced that it has acquired Stone Apple, a specialist in Enterprise Applications, Embedded Systems, Business Intelligence & Analytics, Enterprise Content & Integration and Managed Services. The acquisition will help to advance Hitachi Consulting’s capability to deliver measurable, sustainable business results for clients in each of these areas and will expand Hitachi Consulting’s presence in South East Asia including Singapore, Malaysia, Thailand, Vietnam, as well as provide a strong foundation in Brazil. “We are very excited about the acquisition of Stone Apple. They are an excellent enterprise application and analytics services provider with strong expertise in Oracle and SAP technologies. They successfully leverage their deep industry and domain experience to enable technology adoption across complex global engagements. We have been looking for a strong partner in the fast-growing Asia Pacific and Latin American markets and Stone Apple is a great fit for our organisation. We look forward to the opportunity to better serve our global clients through the added depth and breadth that Stone Apple brings,” said Phil Parr, President and CEO of Hitachi Consulting. Hitachi Consulting Corporation provides IT and management consulting solutions and services. Stone Apple Solutions Pte Ltd offers applications development, integration, and support and maintenance services. The company also provides enterprise content, off-shoring and near shore development, and business transformation services.

Law At Work (Channel Islands) acquired Normandie Health and Safety Ltd. (Channel Islands)
Deal Size: Unspecified Industry: Healthcare consulting Date: October 2014
Law At Work (Channel Islands) – the health and safety, employment rights and human resources firm – has acquired Normandie Health and Safety (Jersey). Law At Work’s health and safety team, which is headed up by Patrick Guyomard and David Ward, delivers practical training, site and office safety inspections, risk assessments and accident investigation services, assisting clients to meet their legal obligations and provide a safe workplace for their customers and employees. Kelly Flageul, Managing Director of Law At Work, said: “We are delighted to announce this acquisition which boosts our existing health and safety division and comes just as we celebrate our 10th anniversary. Normandie has delivered health and safety based training and services for clients across the Channel Islands for almost two decades and has a strong reputation in the market, taking over its Jersey business is a perfect match for us.” Law At Work (Channel Islands) Limited provides advisory services for health, safety, employment and employee relations, and human resources sectors in Channel Islands. Normandie Health and Safety Ltd. provides health and safety based training and services to clients.

Samtec, Inc. (USA) acquired Teraspeed Consulting Group (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: October 2014
Samtec is acquiring Teraspeed Consulting Group, a team of interconnect engineers who provide enabling technology and support in the design and implementation of high performance systems. Teraspeed Consulting Group will maintain operations under the name Teraspeed Consulting – A Division of Samtec. “In all high-end products, the customers’ circuit boards must be optimised for the specific connector. To stay competitive, connector companies are building their SI expertise not just for their own design challenges but also to assist their customers,” said Eric Bogatin, Teledyne LeCroy Signal Integrity Academy. “This is why Samtec recently acquired Teraspeed Consulting to strengthen its support for solving customers’ SI problems.” Samtec, Inc. manufactures electronic interconnects. It offers rugged/power products, such as micro rugged board-to-board, discrete wire components and assemblies, power connector strips and cable assemblies, and sealed I/O components and assemblies.

AssuredPartners, Inc. (USA) acquired Crawford Advisors, LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: October 2014
AssuredPartners Inc., through its subsidiary AssuredPartners of Maryland, LLC, has acquired Crawford Advisors, LLC, headquartered in Hunt Valley, Maryland. The agency specialises in employee benefits and compliance solutions for mid-market and large companies. Crawford Advisors reports approximately $12 million in revenue. Crawford Advisors offers a wide range of health, life, disability and voluntary benefit programs that will strengthen AssuredPartners’ employee benefits capabilities nationally. “The expertise of the Crawford Advisors team enhances AssuredPartners’ strength in the large group market. Additionally, Reagan and his team of talented advisors will help lead the AssuredPartners national employee benefits effort,” said Tom Riley, President and COO of AssuredPartners, Inc. “We welcome Crawford Advisors staff and clients to the AssuredPartners family.” Crawford Advisors, LLC offers insurance brokerage and consulting services. AssuredPartners, Inc. is a private equity firm specialising in investments in insurance brokerage businesses including property, casualty, employee benefits, surety, MGA/wholesalers, and brokerage firms.

UXC Consulting Pty Ltd (Australia) acquired Saltbush Group (Australia)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
UXC Limited is pleased to announce that its wholly owned subsidiary, UXC Consulting Pty Ltd, has finalised the acquisition of information and cyber security professional services organisation, being the Saltbush Group of companies. The acquired entities will be wholly owned subsidiaries of UXC Consulting Pty Ltd. Saltbush Group is one of the leading, privately owned, information and cyber security professional services firms in the sector that has developed a very strong reputation for customer service and quality, especially in the areas of Assurance, Consulting, Development, Solutions and Training, within information security and cyber security. With annual revenue of around $12m and a total of 66 staff, Saltbush will significantly enhance the service offerings from UXC Consulting and UXC Connect and together with key partnerships, propel UXC to a leadership position in this growing market. This acquisition will provide UXC with strategic positioning in the growing information security and cyber security market across the country, in particular, the Federal Government market. This positioning further confirms the UXC strategy of making investments that are relevant to its clients and being in a position of market leadership to better service its clients. UXC Consulting Pty Ltd. offers information and communication technology consulting services.

itelligence, Inc. (USA) acquired Symphony Management Consulting (USA)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
itelligence, Inc. announced it has acquired Symphony Management Consulting, an SAP and SuccessFactors partner in North America specialising in human capital management (HCM) consulting services, headquartered in Charlotte, N.C. “Symphony has shown continuous growth since partnering with SAP in 2006 and becoming a SuccessFactors premier partner two and a half years ago,” said Steve Niesman, president and CEO, itelligence North America. “They’ve proven their effectiveness in implementing SAP cloud applications for a wide range of industry segments, and this acquisition will immediately expand itelligence’s cloud footprint through a dedicated global practice, complement our capabilities, and increase our high-growth cross-selling opportunities. Furthermore, the experience Symphony brings to itelligence will further strengthen our ability to keep pace with SAP’s vision of one billion people in the cloud by 2015.” Norbert Rotter, CFO, itelligence AG, added, “This strategic acquisition serves to further fortify itelligence’s presence in the U.S. and expand our regional and global market presence, especially in strong-performing SAP areas. By adding Symphony’s significant SuccessFactors and cloud experience, we’re better positioned to capture the full attention of our customer’s departmental business executives with our expanded capability and deliver full SAP value together through end-to-end business visibility, integrated planning, execution and consolidated reporting.” itelligence, Inc. provides mid-market focused SAP solutions. Symphony Management Consulting is a provider of SAP ERP Human Capital Management (HCM) and SuccessFactors consulting services.

Capital One (USA) acquired Adaptive Path (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: October 2014
Adaptive Path, a user experience and design consulting firm, has announced an unexpected acquisition by Capital One. Joining a bank seems like an odd fit for Adaptive Path, but Chief Creative Officer Jesse James Garrett described Capital One as: A company with a great culture that shares and values our intellectual curiosity and design sensibilities, that wants us to continue doing great work inside their organisation, but also continue helping others do great work too, by fostering dialogue and teaching what we have learned. Adaptive Path will keep the name and continue operating as a team, but its consulting business will close as it focuses on helping drive user experience at Capital One. The company also plans to keep running its conferences and workshops. Adaptive Path is a design and consulting firm. Capital One Financial Corporation operates as the bank holding company.

KPMG LLP (USA) acquired Qubera Solutions (USA)
Deal Size: Unspecified Industry: IT consulting Date: October 2014
The global Big 4 accounting and consulting firm KPMG LLP has acquired “certain” assets of the cyber-security firm Qubera Solutions. The companies say that the transaction will strengthen the KPMG network’s security transformation capabilities in several service areas, including Cloud Identity Federation, Identity as a Service (IDaaS), Identity Governance, and IAM solution implementation. “As threats from cyber criminals grow in scale, companies are facing a tsunami of new legislative, organisational, and regulatory requirements to ensure that they are managing and protecting their critical information appropriately,” said John B. Veihmeyer, Global Chairman of KPMG and Chairman and Chief Executive Officer of KPMG in the U.S. “These threats force companies to reexamine their potential vulnerabilities and seek counsel from experienced global providers. This is where KPMG’s Identity and Access Management Solutions teams fit in, working across a multitude of industries to help clients conceptualise, design, implement, measure and improve their information security programs.” KPMG LLP provides assurance, tax, and financial advisory services.

SWCA Environmental (USA) acquired Turnstone Consulting (USA)
Deal Size: Unspecified Industry: Environmental consulting Date: October 2014
SWCA Environmental Consultants announced Wednesday that it has acquired San Francisco-based Turnstone Consulting. Founded in 2000, Turnstone is an environmental planning firm serving clients in Northern and Central California, providing environmental planning, review, and permitting services under the California Environmental Quality Act. The acquisition expands SWCA’s market presence in California and raises the company’s profile among environmental compliance firms in the US. SWCA, Incorporated, doing business as SWCA Environmental Consultants, Inc., provides natural and cultural resource management, environmental planning, regulatory compliance, and sustainability services in the United States.

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