Consulting Sector M&A Deals for week beginning 5th January

businessman doing handstand on the beachWipfli LLP (USA) acquired Elko & Associates Ltd. (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
Wipfli LLP, one of the top 25 accounting and consulting firms in the United States, announced that Elko & Associates, Ltd. (Elko) joined the firm effective December 31. Elko, a firm headquartered in Philadelphia, Pennsylvania, provides audit, tax and consulting services to businesses and individuals in the north-eastern United States. “We’ve been searching for an exceptional firm to merge with in the Northeastern United States to expand our firm into that area of the country and found Elko. We are thrilled to be combining with a well-respected firm that has such a strong reputation for helping businesses succeed and technical excellence,” said Rick Dreher, managing partner of Wipfli LLP. “We look forward to moving into 2015 together as one firm.” Michael Pozielli, managing director of Elko, commented, “Elko is very proud of our 54-year history serving Northeastern businesses and individuals and giving back to our community. We are excited to join a firm with a similar client service philosophy and similar values. This combination with Wipfli is a positive development for our clients and our associates. For our clients, it will broaden and deepen the specialised services and industry-focused solutions we are able to provide, allowing us to continue to meet their needs as they grow and face new challenges in the years ahead. For our associates, the combination will provide advanced training opportunities and increased career opportunities with a larger firm.” Elko & Associates Ltd. provides professional accounting, auditing, tax and business consulting services. Wipfli LLP provides accounting and business consulting services.

Wipfli LLP (USA) acquired Galusha Higgins & Galusha, PC (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
Wipfli LLP, one of the top 25 accounting and consulting firms in the United States, announced that Galusha, Higgins & Galusha, PC (GHG) will join the firm effective December 31. GHG, a firm headquartered in Helena, Montana, provides audit, tax and consulting services to businesses and individuals in the Northwestern United States. This is the third acquisition for Wipfli within a year and marks the second acquisition for the firm in two months. “GHG has a 95-year heritage and strong reputation for providing high-quality services to businesses in the Northwest. This combination will strengthen and expand Wipfli’s physical presence in that area of the country, bringing a more diverse set of services to the Washington market where the firm currently has an office, while also adding highly experienced professionals to the Wipfli team,” said Rick Dreher, managing partner of Wipfli LLP. Wipfli LLP provides accounting and business consulting services.

Gemini Corp. (Canada) acquired Arletta Environmental Consulting Inc. (Canada)
Deal Size: $2.5 million Industry: Environmental consulting Date: January 2015
Gemini Corporation is pleased to announce that it has acquired all of the issued and outstanding shares of Arletta Environmental Consulting Inc., a privately held environmental consulting firm servicing oil and gas clients in Alberta and Saskatchewan. Arletta, established in 2008 in Calgary, Alberta, employs 20 skilled professionals specialising in environmental, remediation and reclamation services. The Arletta team has the experience and talent to complete environmental project requirements by supporting all aspects from pre-construction assessments, ground water monitoring, and permit applications, to spill response, remediation and reclamation. “The unique business model we developed is now well-positioned for growth with the acquisition of Arletta, which has been delivering exceptional services and has developed strong relationships within the oil & gas industry.” said Doug Lautermilch, Gemini’s President and CEO. “We will now focus on the tremendous opportunity to accelerate our growth with the integration of the expertise of professionals from three organizations and leverage our collective client relationships.” Gemini Corporation, a professional services company, is engaged in designing, building, and maintaining energy and industrial facilities in Western Canada and internationally. It operates in two segments, Field Solutions and Engineered Solutions. The Field Solutions segment provides engineering, construction, fabrication, and maintenance services. The Engineered Solutions segment offers engineering, procurement, and project management services.

Kennedy & Coe LLC (USA) merged with Matson and Isom (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
Accounting firm Kennedy and Coe LLC has finalised its merger with Chico., Calif.-based Matsom and Isom. The two firms announced in June that they would be joining forces. They’re now operating under the name K-Coe Isom. K-Coe Isom employs 360 people at 17 offices in six states, California, Colorado, Kansas, Mississippi and Wyoming, as well as Washington, D.C. With leadership spread throughout multiple states, the company doesn’t designate a headquarters. It employs 39 people at its Loveland office. The firm’s other Colorado office is in Lamar. K-Coe Isom, with combined annual revenue of $56.3 million, features a large focus in the food and agriculture industries, thought it has a regional presence in community banks, construction, real estate and other fields. “Food and ag makes up about two-thirds of our business,” Wald said in a statement. “Our firms came together because we shared a single vision: to positively impact the future of farming and food production in America.”

Communisis plc (UK) acquired Life Marketing Consultancy Limited (UK)
Deal Size: Unspecified Industry: Marketing consulting Date: January 2015
Leading provider of personalised customer communication services, Communisis plc, confirms that it has completed the acquisition of the entire share capital of Life Marketing Consultancy Limited. Life is an award-winning, research and insight-led shopper marketing agency. Life’s clients are leading consumer goods groups especially in the food, drinks, technology and pharmaceutical sectors. Life has 63 permanent employees and operates from offices in Birmingham and London. The principal vendors, David Poole and Ian Humphris will join the Group in senior executive roles. Life is complementary to the Group’s Design and Deploy segments adding to its capabilities in brand communication and deployment services. It will allow Communisis to extend the range of services offered to its growing number of consumer goods clients. The Acquisition is aligned with the Group’s strategic initiatives to expand in higher margin business areas and to deliver more value to its existing leading-brand clients. The Acquisition offers considerable scope for growth. It provides opportunities for revenue synergies both within the Group’s existing client portfolio and through the cross-selling of other marketing services in social media, video, digital production and content marketing. Communisis plc provides marketing services to businesses, which in turn supply goods and services to consumers.

Jones Lang LaSalle Limited (UK) acquired Mazars Property Consultancy (UK)
Deal Size: Unspecified Industry: Business consulting Date: January 2015
The consultancy firm, formerly known as Jones Lang LaSalle, has announced the purchase of Mazars Property Consultancy, which is currently the property consultancy subsidiary of Mazars LLP. Mazars Property Consultancy has been providing valuation and surveying services to the social housing sector since 2001. Director Dave Chapman and a team of five will join JLL, but continue to be based in Bristol and Birmingham. The acquisition of Mazars Property Consultancy, for an undisclosed fee, also marks the start of a strategic partnership between the accountancy and advisory firm and JLL. This deal is expected to add between 60 and 70 clients to JLL’s base and will leave the valuation and surveying market for housing associations almost entirely dominated by JLL and Savills. Richard Petty, lead director of affordable housing at JLL, said: ‘We have the strength in depth and the experience to take on the largest and most complex portfolios, as well as smaller instructions.’ Mazars Property Consultancy Limited offers valuation and surveying services and property consulting services to the social housing sector. Jones Lang LaSalle Limited provides integrated real estate and investment management services to owners, occupiers, and investor clients. The company’s real estate services include agency leasing, tenant representation, property management, facilities management outsourcing, project and development management, valuations, consulting, and value recovery and receivership.

Elliott Davis, LLC (USA) agreed to acquire Joseph Decosimo and Company, PLLC (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
Elliott Davis and Decosimo are pleased to announce that the merger between the two firms is complete, effective January 1, 2015. The combined firm, Elliott Davis Decosimo, is one of the top accounting, tax and consulting services firms in the U.S. with total annual revenues of $120 million and more than 800 professionals and specialists in 17 offices across seven states – Alabama, Georgia, North Carolina,Ohio, South Carolina, Tennessee, Virginia – and the Cayman Islands. The combination of the two firms, which was first announced on October 29, will expand the overall company’s geographic footprint and maximise the breadth and depth of specialised service offerings in a variety of industry verticals, including banking, entertainment, healthcare, investment partnerships, manufacturing and distribution, private equity, real estate and technology and life sciences. Joseph Decosimo and Company, PLLC offers auditing, accounting, and business advisory services. Elliott Davis, LLC offers accounting and business advisory services to middle market companies.

Perficient, Inc. (USA) completed the acquisition of Zeon Solutions, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
Perficient Inc., a leading information technology and management consulting firm serving Global 2000 and other large enterprise customers throughout North America, announced it has completed the acquisition of Zeon Solutions Incorporated and its subsidiary, Grand River Interactive LLC, and an Indian affiliate (collectively, “Zeon Solutions”). “We are excited to broaden and deepen our commerce expertise with the innovative capabilities Zeon Solutions brings to Perficient,” said Jeffrey Davis, Perficient’s chief executive officer and president. “Additionally, their formidable reputation, customer-centric mentality, strong client roster and demonstrated propensity to consistently grow revenues and profitability ensure a strong cultural fit and compelling opportunities for accelerated growth moving forward.” Zeon Solutions, Inc. provides enterprise e-commerce, Web solutions, and custom application development services to advertising specialty, direct marketing, industrial business-to-business, education, and business-to-consumer industries worldwide. Perficient Inc. provides information technology consulting services to various enterprise companies primarily in the United States.

Accenture plc (Ireland) entered into an agreement to acquire Structure Consulting Group, LLC (USA)
Deal Size: Unspecified Industry: Energy consulting Date: January 2015
Accenture has entered into an agreement to acquire Structure, a provider of consulting, system integration and customized solutions and services to energy and utilities clients. The transaction will expand and enhance Accenture’s deep experience and capabilities in smart grid solutions, especially grid operations, as well as energy commodity trading and risk management (CTRM). “Bringing together two very similar cultures with deep skills in the utilities and energy industries reinforces our ability to help our clients solve some of the most complex and critical challenges that lie at the heart of the digital transformation,” said Omar Abbosh, senior managing director, Accenture Resources operating group. “Structure’s capabilities in grid operations and power systems engineering, combined with Accenture’s global strengths in information technology (IT), will provide our clients with comprehensive end-to-end solutions and services to support the integration of operational technologies with IT systems, forging a path toward a smarter, more digital grid. Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries. Structure is a leading provider of business advisory, system integration and customised solution development services focused exclusively on the energy and utilities industries.

SPR Consulting (USA) acquired MPS Partners (USA)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
MPS Partners is excited to announce its acquisition by SPR and the launch of a new consulting organisation called SPR Consulting. SPR Consulting will be a consolidation of the three core brands that make up the SPR Companies. The acquisition of MPS Partners concludes the 8-year joint venture between the firm and SPR. Bill Topel, MPS’ Managing Partner explains, “MPS Partners grew to become a leading Microsoft partner in the central United States. We are now excited to fully join SPR Consulting and be a part of the firm’s future. Over the past eight years we have seen tremendous growth in the industry, the cloud and MPS Partners. This acquisition enables us to continue to grow and deliver the great solutions that have always been a part of our core mission while providing our employees new and exciting career and personal growth opportunities.” SPR Consulting provides information technology (IT), staffing, and consulting services for Fortune 1000 and mid-market companies in the Midwest United States. MPS Partners LLC provides IT consulting services. The company offers data management, application development, application lifecycle management, advisory, application integration, SAP, portals and collaboration, and management consulting solutions.

The Corridor Group, Inc. (USA) acquired HMS Healthcare Management Solutions Inc. (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: January 2015
The Corridor Group (TCG) announced that it has acquired HMS Healthcare Management Solutions, Inc. (HMS), a leading provider of revenue cycle management (RCM) and consulting services. With HMS, TCG will deliver to post-acute providers a full range of RCM, consulting and education solutions, helping them optimise operations as the healthcare market evolves from fee-for-service to value-based reimbursement. “HMS has an excellent reputation and a proven RCM services delivery model,” said Des Varady, Chief Executive Officer of The Corridor Group. “Combining with HMS strengthens TCG’s ability to provide a one-stop RCM solution—or a tailored set of discrete RCM services—for post-acute providers working to improve cash flow management and revenue realisation. We are very excited to have the HMS team join TCG.” Healthcare Management Solutions, Inc. provides a range of financial management and support, billing, consulting, regulatory and compliance, and strategic planning services for home health providers, home care and hospice agencies, long term care facilities, acute care hospitals, residential care homes, and physician practices. The Corridor Group, Inc., together with its subsidiaries, provides consulting, executive search, and educational resources to the home care industry in the United States.

DST Systems Inc. (USA) acquired kasina, LLC (USA)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
DST, a global provider of strategically unified data management, business processing, and customer communication solutions, announced it has acquired kasina LLC, a leading strategic advisory firm to the asset management industry. The combination of DST’s sophisticated data analytics and sales reporting tools with kasina’s thorough understanding of the challenges facing asset managers and insurers promises to bring the financial industry new ways to make economically actionable business decisions. New York-based kasina provides business analytics, consulting, and research to the 150 largest asset managers. The firm is recognised for introducing the industry to revolutionary business ideas related to hybrid wholesaling, profit-based compensation systems, digital marketing, social media, and behavior-based segmentation. Kasina’s consulting services include engagements to analyse product strategies, sales models, and marketing strategies. “Two industry leaders will be able to leverage their core strengths,” says Steven Miyao, founder of kasina. “Together, we will provide clients with accurate, timely, actionable data analytics and insights that will enable them to transform their distribution, marketing, and product organisations.” DST Systems, Inc. provides information processing and software services and products primarily in the United States, the United Kingdom, Canada, and Australia.

Cowan Insurance Group (Canada) acquired The Williamson Group (Canada)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
Cowan Insurance Group, an insurance brokerage and consulting firm, announced that it has acquired The Williamson Group (TWG), a financial services company that provides employer sponsored benefits and pensions. “The acquisition of TWG aligns well with our strategy for Cowan on a number of fronts,” said Heather McLachlin, president of Cowan. “The culture, values and approach when dealing with clients of our two organisations are extremely similar; we have complementary, yet unique products and services so together we will have a broader product shelf for clients to choose from; and both TWG and Cowan have strong local, regional, national and international relationships and offerings that position the combined company well for future growth. We also discovered a common emphasis on thought leadership driven by highly capable and talented team members, who are experts in their chosen fields.” Don Williamson, president of TWG, also commented: “We believe this change will produce extensive opportunities for both our clients and our employees. Cowan Insurance Group and The Williamson Group together will have increased strength and size, with more buying power for our clients and the combined talents of two great companies. We’ve worked closely with Cowan on this, and have been impressed by their continued dedication to our organisation, our people, our brand, and our development. We’re confident that together we will continue to grow in exciting new ways.” The Williamson Group, Inc. operates as a benefits consulting and financial services company. Cowan Insurance Group Ltd. provides insurance and risk management products and services to businesses, organisations, and individuals in Canada.

Synechron Inc. (USA) acquired Team Trade Groupe (France)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
Synechron, an information technology company focused on the financial services industry, is increasing its global presence with its latest acquisition. The New York company announced Thursday that it had bought Team Trade, a Paris firm that specialises in software integration and consulting. Synechron said in a press release that the deal would enhance its presence in Europe. “We now have an even richer list of European clients such as BNP Paribas, Crédit Agricole, Natixis, Société Générale and many others,” Faisal Husain, Synechron’s co-founder and chief executive, said in the release. The deal also helps the company improve its consulting and integration expertise. Team Trade has “unique capabilities in software packages such as Murex and Calypso,” Husain said. “Acquiring this skill set has been a top priority for us.” The deal, Synechron’s fourth acquisition in the last six years, is expected to push the company’s annual revenue to $285 million, compared to $250 million last year.

Kahn, Litwin, Renza & Co., Ltd. (USA) acquired Freshman & Ferraro PC (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
KLR, a premier accounting and business consulting firm, announced that it has merged with the respected team of professionals at Freshman & Ferraro PC. The merger is effective as of 1/1/2015. The merger is part of KLR’s strategic plan to strengthen its international tax practice in Boston. The experienced professionals will provide depth and knowledge to our growing international tax services team, adding resources to serve our clients. Freshman and Ferraro is recognised for its expertise in international taxation; particularly, foreign businesses and individuals entering the US market. The merger is part of KLR’s strategic plan to strengthen its international tax practice in Boston. The experienced professionals will provide depth and knowledge to our growing international tax services team, adding resources to serve our clients. Freshman and Ferraro is recognised for its expertise in international taxation; particularly, foreign businesses and individuals entering the US market. Kahn, Litwin, Renza & Co., Ltd. provides auditing and accounting services.

Alliant Insurance Services, Inc. (USA) acquired American Benefits Consulting LLC (USA)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
Specialty insurance brokerage firm Alliant Insurance Services Inc. is expanding its presence on the East Coast with the acquisition of American Benefits Consulting, an employee benefits consulting firm with offices in New York and Pennsylvania. Newport Beach-based Alliant said the deal marks its third employee benefits acquisition in the Northeast region during the calendar year. Last year, Alliant acquired Sagewell Partners of Pittsburgh and the Camps Group of New York. “ABC joins us with a long history of success, proven service platform, and an extensive roster of national and multinational clients,” Alliant Chairman and Chief Executive Tom Corbett said in a statement. “This acquisition, combined with our additional activities in the region, positions Alliant to further expand the reach and influence of our growing Employee Benefits Group.” Founded in 1979, American Benefits Consulting provides integrated employee benefits consulting services across four core business segments: voluntary benefits, group insurance, executive benefits, and international benefits. It has 50 employees and a roster of clients consisting primarily of Fortune 500 companies. Alliant Insurance Services, Inc., an insurance brokerage company, distributes diversified insurance products and services to clients in the United States.

Houlihan Lokey, Inc. (USA) acquired the remaining stake in Bridge Strategy Group LLC (USA)
Deal Size: Unspecified Industry: Management / Strategy consulting Date: January 2015
Houlihan Lokey, the international investment bank, announced that it has acquired Bridge Strategy Group (Bridge) following a strategic investment announced in August. Bridge is a Chicago, Illinois-based management consulting firm focused on strategy, operations, and performance improvement. The Bridge team will form Houlihan Lokey’s Strategic Consulting business, led by Bridge CEO Steve Sheridan. As a new business line, Strategic Consulting will sit alongside the firm’s other major businesses which include Corporate Finance, Financial Restructuring, and Financial Advisory Services. “Our expectation from the outset was that the value proposition of the partnership for both firms, and especially for our respective clients, would prove itself quickly, and it has,” said Scott Beiser, CEO of Houlihan Lokey. “The client response has been overwhelmingly positive, and as a global investment bank with a management consulting platform of this size and scale, we are able to offer clients a genuinely unique suite of services that help us address a much broader array of challenges,” he continued. Bridge Strategy Group LLC provides consulting services in the areas of strategy and execution, sales and marketing management, and operations and strategic information technology (IT). Houlihan Lokey, Inc. is a boutique investment banking firm that provides financial advisory services.

VHA Inc. (USA) acquired the assets of MDS Consulting (USA)
Deal Size: Unspecified Industry: Healthcare consulting Date: January 2015
VHA Inc., the national health care network, announced it has completed the acquisition of assets of Medical Development Specialists, LLC (“MDS”), a health care consulting firm located in Torrance, Calif., known in the industry as MDS Consulting. “MDS is a well-respected company with deep industry expertise and a track record for designing effective business transformation strategies for even the most complex health care organisations,” said Byron Jobe, executive vice president service and delivery. This asset acquisition immediately helps VHA meet increasing demand from health system executives for expert resources to help them reshape their organisational structures for the new health care environment. Phil Dalton, founder of MDS, said, “VHA is a first-class organisation and we are excited to have the asset acquisition completed and become part of the team. MDS’ areas of expertise complement those within the great team of industry experts currently at VHA. Our combined team can deliver end-to-end transformational health care delivery strategies for a wide range of provider business models, furthering VHA’s leadership position in the industry.” MDS Consulting operates as a healthcare consulting company in the United States. VHA Inc. operates a network of not-for-profit health care organisations. It offers analytics, consulting, contracting, performance improvement, and revenue management services; supply chain management services; and clinical improvement services.

Marsh & McLennan Agency LLC (USA) acquired The Benefit Planning Group, Inc. (USA)
Deal Size: Unspecified Industry: HR consulting Date: January 2015
Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, a global leader in insurance broking and risk management, announced that it has acquired The Benefit Planning Group, Inc., a Durham, North Carolina-based employee benefit consulting firm. Terms of the transaction were not disclosed. Founded in 1991, The Benefit Planning Group (BPG) specialises in providing employee benefits and insurance services to the health care community, including medical schools, physicians, and medical practices. All 14 of the firm’s employees, including founder Mike Waters, will join MMA’s mid-Atlantic region and continue to operate out of BPG’s existing Durham, North Carolina, office. David Eslick, chairman and CEO of Marsh & McLennan Agency, said: “The Benefit Planning Group is another great example of the high-quality, local talent and expertise we are adding to MMA. I welcome Mike Waters and the rest of the team to the MMA family.” Marsh & McLennan Agency LLC operates as an insurance agency in the United States.

MNP LLP (Canada) to merge with KNV Chartered Accountants LLP (Canada)
Deal Size: Unspecified Industry: Financial Advisory Date: January 2015
KNV Chartered Accountants LLP, the eighth largest accounting firm in B.C., will merge with MNP LLP, the fourth largest accounting firm in B.C. and the sixth-largest and fastest growing national accounting and business consulting firm in Canada, effective February 1, 2015. This merger will create the *third-largest accounting and consulting firm in B.C., by number of accountants, which will benefit the B.C. marketplace with enhanced and expanded professional services. “This is MNP’s largest merger to date and has come at a great time. Our strategic plan calls for continued growth in B.C. so we were looking to add much-needed resources and talent, while KNV was seeking to grow with a firm that would complement its existing service offerings. Both our firms were looking to grow and to combine our expertise and leadership to help our clients achieve their growth targets. It’s a win/win/win for both our firms and the marketplace,” said Jason Tuffs, MNP’s Executive Vice President for B.C. MNP LLP offers accounting and consulting services.

Boomer Consulting, Inc (USA) merged with Flowtivity LLC (USA)
Deal Size: Unspecified Industry: Business consulting Date: January 2015
Boomer Consulting, Inc., and Flowtivity, LLC, consulting leaders within public accounting, announced their merger. Dustin Hostetler, founder of Flowtivity, will join Boomer Consulting, Inc., as a shareholder and will lead the Lean Six Sigma consulting division. “Process is integral to so many areas of an accounting firm and their clients,” said Gary Boomer, CEO, Boomer Consulting, Inc. “Planning, people and processes are the keys to success with technology being the accelerator. Flowtivity’s process expertise and Boomer’s consulting services and communities make this partnership highly valuable for all of our clients. We are excited to officially bring Lean Six Sigma process improvement expertise and more to our offerings.” Boomer Consulting, Inc. offers leadership and management, client development, talent development, technology, and compensation consulting services. Founded in 1996, Boomer Consulting, Inc. provides consulting services to hundreds of the highest performing CPA firms.

Tech Mahindra Limited (India) to acquire Sofgen Holdings Limited (Cyprus)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
Tech Mahindra said on Friday that it acquired Switzerland’s SOFGEN Holdings Ltd in its quest to boost its financial services offering and reach its $5-billion topline target by 2015. This is the third deal Tech Mahindra has struck in as many months. In November, the company had announced it was buying Lightbridge Communications for $240 million. Earlier this week, it formed a joint venture with Avion Systems, in which it will hold a minority stake. SOFGEN has over 450 employees with 20+ Tier 1 client relationships. It has the second-largest pool of Avaloq consultants in the world and is a large Temenos partner, Tech Mahindra and SOFGEN said in a press release. “In the past decade, SOFGEN has grown to be a leading player in niche market segments such as private, wealth, retail and commercial banking. Tech Mahindra Limited provides information technology services and solutions in India, the Americas, Europe, and internationally. SOFGEN HOLDINGS LIMITED operates as a banking IT consulting firm.

ADNET Technologies, Inc. (USA) acquired Sage Computer Associates, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: January 2015
ADNET Technologies, LLC announced that it has acquired SAGE Computer Associates, Inc. located in Albany, NY. Through this transaction, the resources of the ADNET and SAGE teams will be combined and ADNET’s geographic reach will extend further into the Northeast. Together, the two companies will focus on strategic growth of their combined Managed IT Services, Security and Advisory practices as well as expansion of ADNET’s Application Services group. “ADNET and SAGE have a long history of partnership and collaboration. Our missions, values and professional cultures are perfectly aligned, making the decision to acquire SAGE a natural evolution for both companies,” said Edward Laprade, President & CEO of ADNET Technologies, LLC. “We are excited to officially join forces with SAGE and welcome its talented staff to our team.” “The combined strengths of SAGE and ADNET will allow our clients a deeper breadth of services,” said Jeff Cohn, President of SAGE Computer Associates, Inc. “This is a technology business that focuses on people. ADNET, like SAGE, is a people-focused company. Having the opportunity to join a like-minded company that I have known for more than 15 years is outstanding.” ADNET Technologies, Inc., a technology consulting company, engages in the development, architecture, implementation, training, and end-to-end support of IT solutions. Sage Computer Associates Inc. specialises in computer networking design, installation, consulting, and related support services.

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