Consulting Sector M&A Deals for week beginning 30th March

businessman doing handstand on the beachInfoReady Pty Ltd (Australia) acquired Adaptic Solutions Pty Ltd (Australia)
Deal Size: Unspecified Industry: IT consulting Date: March 2015
Melbourne based information management consultancy InfoReady has announceda takeover of data scientist consultancy Adaptic Solutions. InfoReady specialises in data management, business intelligence and marketing analytics. The takeover will see Adaptic become a new ‘data science and analytics practice’ for InfoReady, specialising in exploratory, predictive and prescriptive analytics. InfoReady managing director, Tristan Sternson, said: “The launch of InfoReady’s Data and Analytics practice will enable us to draw on Adaptic Solution’s deep expertise and data science capabilities in information and business intelligence, and become a genuine competitive force among the mid-market and enterprise. The market’s preference is to work with a single partner-provider that can meet all their data and analytics needs – a one-stop-shop, […] Our business goal is to be the number one Australian consultancy in information management, data, and analytics, and we are reassessing our capabilities and business model in order to give the market what it wants.” Adaptic Solutions Pty Ltd was founded in 2014 and provides data science consultancy services. InfoReady Pty Ltd. provides information management consultancy services in the areas of architecture and end-to-end solution deliveries.

Sapiens International Corporation N.V. (India) to acquire IBEXI Solutions Private Limited (Israel)
Deal Size: Unspecified Industry: IT consulting Date: March 2015
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, announced it has signed a definitive agreement, subject to closing conditions, to acquire IBEXI Solutions Private Limited (IBEXI), an India-based provider of insurance business and technology solutions. IBEXI offers IT business consulting services to insurance companies on both core insurance and supporting systems. In addition to its own insurance products – business intelligence (BI) and insurance portal offerings – IBEXI also provides implementation services for insurance business solutions, including for external products. IBEXI’s insurance products will extend Sapiens’ portfolio of solution offerings, providing Sapiens’ clients with immediate benefits. Following the acquisition, IBEXI will manage the Sapiens Asia Pacific domain, and will establish a solid footprint for Sapiens as a regional center. IBEXI, which has previously managed several successful go-live projects, will enhance the Sapiens team with an expanded and highly experienced delivery team across all Sapiens solutions globally. With a larger and more geographically dispersed professional services team, Sapiens will be well positioned to provide services and support to its global customers with better cost efficiency. IBEXI Solutions Pvt. Ltd. provides business and technology solutions for the insurance industry. Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom and rest of Europe, Israel, and the Asia Pacific.

Lovell Minnick Partners, LLC (USA) acquired a majority stake in J.S. Held, LLC (USA)
J.S. Held, LLC (USA) acquired Held Enloe & Associates, LLC (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: March 2015
Lovell Minnick Partners LLC is pleased to announce the acquisition of a majority interest in J.S. Held LLC, a specialty advisory firm providing outsourced consulting services to its insurance industry clients. In conjunction with the investment, Held Enloe & Associates, LLC will combine with J.S. Held, further strengthening J.S. Held’s property loss consulting, litigation and dispute resolution services, and construction and development advisory services. J.S. Held and Held Enloe professionals have served as consultants, expert witnesses, and arbitration panelists on many of the largest and most complex property insurance claims, construction projects and disputes. The senior management team of both firms will continue to hold a significant minority interest in the combined company. J.S. Held’s President and Chief Executive Officer Jonathon Held said, “With the Lovell Minnick investment, J.S. Held has a partner who shares our vision for growth. Through its depth of knowledge and focus on financial service firms, Lovell Minnick has an extraordinary track record of investing in growth-oriented companies in our sector.” Held Enloe’s Managing Member Lisa Enloe added, “The combined service offering of J.S. Held and Held Enloe will provide clients with a world-class resource to help navigate through the increasingly complex claims and litigation environment.” J.S. Held, LLC provides consulting, project management, and expert services to the construction industry in the United States. HELD ENLOE & ASSOCIATES, LLC provides construction consulting services. Lovell Minnick Partners is a private equity firm specialising in middle market buyouts, divestitures, growth capital, expansion capital, and minority investments focused on growth-oriented companies in the financial services industry.

Mobiquity, Inc. (UK) acquired Morgan Clark & Company (Netherlands)
Deal Size: Unspecified Industry: Management consulting Date: March 2015
Mobiquity, a mobile engagement provider, announced it has acquired Amsterdam-based Morgan Clark & Company a company focused on technology-enabled business consulting. This acquisition will allow Mobiquity to deepen its European-based mobile consulting and transformative services offerings. “Mobile is in our DNA – we are strongly committed to developing innovative solutions that combine rich user experience, business strategy and integrated technology,” said Mobiquity founder and CEO, Bill Seibel. “As mobile continues to drive change and innovation within enterprises we are committed to our multi-disciplined approach and to help drive innovation for our expanding roster of European customers.” With a focus on enterprise technologies, business consulting and project leadership, Morgan Clark brings expertise and a proven track record of successful projects with clients in the finance, telecom & media and manufacturing & services industries. Incorporating Morgan Clark’s strategy-led innovation practice and execution capabilities with Mobiquity’s existing delivery capabilities will enable Mobiquity to support an end-to-end solution for its European clients. This expanded model mirrors Mobiquity’s existing model in the US, which is critical to its success and vision to be a premiere mobile engagement partner for enterprise customers. Morgan Clark & Co. B.V. provides IT consulting services. Mobiquity, Inc. develops enterprise mobile solutions.

PricewaterhouseCoopers (Australia) acquired Appian Group (USA)
Deal Size: Unspecified Industry: Engineering consulting Date: April 2015
Professional services giant PricewaterhouseCoopers has acquired project management consultancy Appian Group, as it positions for a surge in private-sector involvement in public housing, hospitals and other social infrastructure. Terms of the deal were not disclosed. However, PwC deals boss Sean Gregory said the transaction was not constructed with an earn-out. PwC Australia chief executive Luke Sayers said: “Demand for innovation in how we approach government-run projects is increasing. We want to grow in this space and Appian will help us do that.” Under the deal three partners and 40 staff will join PwC’s capital projects and infrastructure team, reporting to Mr Gregory. There have been no redundancies in the transaction. Appian Group is an investment and consulting company. PricewaterhouseCoopers International Limited is an international association of accounting and consultancy firms.

Marks Paneth LLP (USA) acquired Fischer Barr & Wissinger, LLC (USA)
Deal Size: Unspecified Industry: Financial Advisory Date: March 2015
Marks Paneth has acquired Fischer Barr & Wissinge, a New Jersey-based full service accounting firm that focuses on the areas of tax planning, business and medical practice valuation, litigation support, accounting, auditing and consulting services. Its international tax and high-net-worth capabilities enhance the already strong expertise Marks Paneth offers its clients in these areas of specialisation. The firm now operates under the Marks Paneth name. “We are delighted to bring on the expertise that Fischer Barr & Wissinger has become known for. Our combined client base will benefit from the deepened bench strength of experience,” says Mark Levenfus, CPA, Managing Partner of Marks Paneth. “We are very pleased to have completed another combination that expands our geographic presence and augments our thought capital with added valuation depth,” says Harry Moehringer, CPA, Managing Partner of Marks Paneth. “In addition, Fischer Barr & Wissinger’s large complex clients will benefit from the strength of the significant expertise we bring to our clients.” Both companies provide accounting and consulting services.

Strativity Group, Inc. (USA) acquired Burnham Marketing, LLC (USA)
Deal Size: Unspecified Industry: Marketing consulting Date: March 2015
Customer experience design and management consulting firm, Strativity Group, Inc. has acquired brand strategy and human-centered design firm, Burnham Marketing, LLC. In March 2015, New Jersey based consulting firm, Strativity Group, Inc. finalised their acquisition of Burnham Marketing, LLC. Financial details are not being disclosed. Burnham Marketing resources, methodologies, and business practices will be integrated into Strativity Group to expand the company’s digital transformation, brand operations, and CX design capabilities. Burnham Marketing, LLC provides digital marketing consulting services. It offers communication strategy, media planning and buying, measurement and analytics, and training and development services. Strativity Group, Inc., a research and consulting company, provides customer experience research and strategic planning services in the United States, Australia, Canada, England, Germany, Latin America, Norway, Spain, and Turkey.

Flatirons Solutions, Inc. (USA) acquired Beach Street Consulting, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: April 2015
Flatirons Solutions has acquired Beach Street Consulting, Inc., a provider of enterprise content management (ECM) solutions for legal, finance, and human resource teams. With the acquisition of Beach Street, which is based in the Washington, D.C. area, Flatirons adds Accounts Payable, Contracts Management, and Records Management solutions to its ECM portfolio, making Flatirons a leading provider of ECM solutions tailored to specific content management use cases. The Beach Street acquisition is the fourth acquisition by Flatirons in the ECM space in the past two years, reflecting the company’s leadership in helping organisations get more from their enterprise content management systems by connecting people, processes, and content throughout the information lifecycle in order to deliver the right information, at the right time, to the right people. With the Beach Street acquisition, Flatirons now expands its ECM solution offers in the following areas: Business Process Management, Imaging, Digital Asset Management, Records Management, Document Management, and Collaboration. “Beach Street is excited to join forces with Flatirons to provide a comprehensive set of solutions that deliver added value to the content management process,” said John Burns, President of Beach Street Consulting. “Together, we look forward to offering our clients a set of solutions that streamline the way they manage content-intensive processes while reducing costs and ensuring compliance in industries where regulations are a primary concern.” Beach Street Consulting, Inc. provides information technology consulting services. Flatirons Solutions, Inc. offers consulting, technology, and outsourcing solutions for content lifecycle management.

MDIS Corporation Pte Ltd. (Singapore) acquired Service Quality Centre (Singapore)
Deal Size: Unspecified Industry: Management consulting Date: April 2015
MDIS Corporation, a subsidiary of the Management Development Institute of Singapore (MDIS), has acquired Service Quality Centre (SQC). Established in 1990, SQC was founded by Singapore Airlines and SPRING Singapore as part of the government’s efforts to raise service standards in Singapore. It provides service excellence, quality, and productivity-related training solutions, and counts financial institutions, supermarket chains, as well as government ministries and agencies among its clients. Said Dr R Theyvendran, secretary-general of MDIS: “SQC is a strong brand synonymous with service and quality excellence, and (has) been credited for the world class standards delivered by major corporations in the region. Service Quality Centre Pte. Ltd. operates as an international management consulting and training company. MDIS Corporation Pte Ltd. is an investment holding company, which through its subsidiaries offers corporate training and management consultancy services.

Solucom SA (France) agreed to acquire the assets of HAPSIS SA (France)
Deal Size: Unspecified Industry: IT consulting Date: April 2015
Solucom consolidates its position as leader in the cyber-security segment. Founded in 2002, with a staff of 30 consultants, Hapsis is an independent consulting firm specialised in risk management and digital security with a client portfolio including several key accounts, notably in the banking sector (Banque de France, BNP Paribas, BPCE and Société Générale), and other majors such as Axa, GDF SUEZ and Safran. This merger is perfectly in line with Solucom’s strategy to step up its expansion in the cyber-security consulting market in general which is in the full throes of growth with the multiplication of threats. Under the terms of the agreement, Solucom has acquired the bulk of Hapsis’ business assets in an operation financed entirely in cash. HAPSIS SA provides consulting services specialised in risk management and information system security. Solucom Société Anonyme operates as a management and information technology (IT) consulting company primarily in France.

First Derivatives plc (UK) to acquire Affinity Systems Limited (UK)
Deal Size: $11.4 million Industry: IT consulting Date: April 2015
Newry-based software company FD has bought Affinity Systems Ltd for a maximum total consideration of CAD$14.5m (£7.7m). Affinity, which is based in Ontario, Canada and employs 45 people, provides software development and consultancy services and has recently released a software solution that addresses enterprise big data challenges. FD said the acquisition expands the company’s software and consulting services within the internet of things, particularly in industries such as utilities, healthcare and finance, and supports its strategy to penetrate additional vertical sectors using the capabilities of its Delta platform and kdb+ to capture and analyse large volumes of data, including streaming data. Brian Conlon, chief executive officer of FD, described Affinity as a natural fit for his company. “Both the strategy of developing software products built on kdb+, one of the world’s most powerful databases, and the cultural ethos of Affinity, mirror that of FD. While we have applied our domain knowledge within capital markets, Affinity brings the company expertise across a number of new vertical sectors. We see this as an exciting opportunity for the company to grow its revenues and diversify its customer base.” Affinity Systems Limited, an information technology installation company, supplies business communications software and equipment for education, medical, retail and hospitality industries in the North East United Kingdom. First Derivatives plc designs, develops, implements, and supports a range of data and trading systems for front, middle, and back-office operations worldwide.

Wilson Human Capital Group, Inc. (USA) acquired Head2Head Inc. (Canada)
Deal Size: Unspecified Industry: HR consulting Date: April 2015
WilsonHCG, a recruitment process outsourcing (RPO) and human capital consulting firm, announced that it has acquired Head2Head, a Canada-based recruitment services firm. “The market continues to dictate a need for global capabilities from a single provider. And this expansion has allowed us to increase our in-market presence across Canada to support the demand from clients who have expressed a need for expanded talent solutions and resources,” said John Wilson, Founder and CEO of WilsonHCG and CEO of the combined organisation. “Setting our expectations for the highest of quality and performance, while also seeking a natural cultural fit in a partner, we found Head2Head met all of the criteria. It’s an exciting time at WilsonHCG as we continue to grow our global presence and expand our solution offerings.” The acquisition strengthens WilsonHCG’s leading RPO and human capital consulting offerings by providing increased scalability, expertise, language capabilities and suite of services in-market, while meeting the needs of those doing business specifically within Canada. This acquisition adds to our ability to provide clients with streamlined multi-country RPO partnership delivered by a united global team. Head2Head Inc. provides staffing and recruitment services. Wilson Human Capital Group, Inc., doing business as WilsonHCG, provides recruitment process outsourcing (RPO) and human capital consulting services.

Accenture plc (Ireland) acquired Axia Limited (USA)
Deal Size: Unspecified Industry: Management consulting Date: April 2015
IT outsourcing company Accenture has acquired Axia, a U.S.-based strategy consulting services provider. The strategy of Accenture is to enhance its capabilities to assist clients to improve competitiveness by delivering growth through strategic cost management and organisational agility. Axia provides strategies and implementation support to become more competitive by addressing their growth and cost challenges. Axia has experience in areas including growth, go-to-market models, operational excellence, performance management and M&A strategies, said Accenture in a statement. Mark Knickrehm, group chief executive, Accenture Strategy, said: “Axia’s capabilities in improving competitiveness and the strengths of Accenture Strategy in transformation of enterprises will reinforce our relevance to clients and allow us to seize a greater share of that growing market.” Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. Axia Limited operates as a consulting company. It helps develop customer and product portfolios, commercial strategies, supply chain, organisation structures, and culture, as well as helps aligning sales, marketing, supply chain, and research and development activities.

Nomura Research Institute Holdings America, Inc. (USA) agreed to acquire Brierley & Partners, Inc. (USA)
Deal Size: $66.9 million Industry: Marketing consulting Date: April 2015
Nomura Research Institute, Ltd., (NRI), a leading provider of consulting services and system solutions announced that Nomura Research Institute Holdings America, Inc. has entered into a definitive agreement to acquire Brierley+Partners, a leader in Loyalty and CRM services headquartered in Plano, TX. Brierley+Partners, founded in 1985 by Hal Brierley, has an unparalleled history of creating many of the world’s most popular and measurably profitable loyalty programs. A true leader in the industry, Brierley+Partners has been applying their unique Relationship Management® principles for decades. Brierley+Partners offers a complete suite of CRM and loyalty services from their award-winning strategic design to their Brierley LoyaltyWare® technology platform that is uniquely robust, flexible and quick-to-market. “In the age of the customer, the relationships you have with your customers and the loyalty they demonstrate to your company trump traditional competitive advantages.” stated Forrester Research*1. This acquisition strengthens NRI’s ability to support current and potential clients who are eager to enhance customer relationships and drive lifetime loyalty.” Brierley & Partners, Inc. provides digital and direct marketing loyalty and customer relationship management services.

Virtusa Corp. (USA) acquired Apparatus, Inc. (USA)
Deal Size: Unspecified Industry: IT consulting Date: April 2015
Business consulting and technology outsourcing company Virtusa Corp. of Westborough has acquired all the outstanding shares of Apparatus Inc. for $34.2 million cash. The Indianapolis-based company provides end-to-end IT infrastructure services. The acquisition strengthens Virtusa’s growing Infrastructure Management Services (IMS) practice with the addition of Apparatus’ Kore Managed IT Solutions platform, Virtusa said in Wednesday’s statement announcing the deal. Virtusa will deliver remote infrastructure management (RIM) services from Apparatus’ RIM center. “Apparatus brings superior infrastructure solutions that are complementary to Virtusa’s IT outsourcing capabilities,” Kris Canekeratne, chairman and CEO of Virtusa, said in the statement. Apparatus, Inc. provides information technology (IT) consulting and managed services. Virtusa Corporation operates as an information technology services company in the United States.

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