Consulting Sector M&A Deals for week beginning 22nd June

businessman doing handstand on the beachErnst & Young (UK) to acquire Integrc (Netherlands)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Ernst & Young signed a conditional agreement to acquire Equiteq’s client, Integrc. Integrc is a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. Through their award winning RouteONE portfolio, they help clients maximise the value of SAP GRC to improve their business performance. Headquartered in the Netherlands, Integrc operates from a number of locations across the world including the UK, India, the Middle East and Africa. The acquisition will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to technology implementation. Ernst & Young is a professional services company.

Spada Limited (UK) is to merge with Infinite Public Relations LLC (USA)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Spada, the UK’s leading specialist professional services communications consultancy, is to merge with US counterpart, Infinite PR, to create the leading independent global consultancy dedicated to advising professional and knowledge-intensive business services. The merged firm – to be called Infinite Spada – will have offices in London, New York and San Francisco, more than 45 consultants and an initial turnover of more than $7 million (or £4 million). The combination will enable Infinite Spada to service global, as well as national and regional communications briefs. Infinite Spada’s clients will span the legal, real estate, property, infrastructure and construction, corporate, pensions and asset management, accountancy and not-for-profit sectors. The new combined platform will enable the merged firm to deliver the full mix of communications support, including media relations, branding, digital and creative services, business development, research, film, content marketing, crisis management and litigation support.

Accenture (Ireland) is to acquire Brightstep AB (Sweden)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Accenture is set to acquire Brightstep, a Swedish digital consulting company focusing on digital content and commerce solutions. The purchase of the Stockholm-based Brightstep will enable Accenture Interactive to offer expertise of professionals trained in digital commerce solutions from Intershop, hybris software and Adobe. Accenture did not disclose terms of the transaction. Brightstep, employing more than 60 people, provides services for digital platform selection, development, implementation and maintenance delivered to companies in the retail, fashion, telecommunications and resources industries. The company, founded in 2001, delivers consulting and implementation work around Adobe Marketing Cloud solutions, including Adobe Experience Manager, Adobe Analytics and Adobe Target. Accenture provides management consulting, technology and business process outsourcing services worldwide.

Proxio Inc (USA) acquired PCMS Consulting (USA)
Deal Size: Undisclosed Industry: Media consulting Date: June 2015
Proxio, Inc., the Silicon Valley-based provider of multilingual marketing and collaborative networking solutions to the international real estate industry, has acquired Miami-based PCMS Consulting. The news comes along with plans to rapidly expand operations on a global scale, and Proxio now has the ability to extend consulting services to its brokerage clients. PCMS Consulting will operate as a subsidiary and will not change the way it currently does business or its clientele. The services that Proxio offers, including its ProxioPro platform, will be maintained. Founded in 2007, PCMS Consulting was created to help brokerages build their business. Its offerings are all available a la carte and include mobile real estate search, a fully integrated CRM and mobile-friendly website, marketing analytics, post-close marketing, real estate search engine optimization, agent recruiting and more.

Spotify AB (Sweden) acquired Seed Scientific (USA)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Music streaming company Spotify today announced that it has acquired Seed Scientific, a consulting confirm that specializes in data science and analytics. The acquisition is helping Spotify start a new advanced analytics team “that combines cutting-edge math, science, design, and engineering to craft insights, models, and tools with data,” according to a statement. IPO-bound Spotify clearly wants to improve its operations as it faces competition from Google and Apple, among others. Spotify is a Swedish DRM-based music streaming service offering streaming of selected music from a range of major and independent record labels. Earlier this month Spotify said it had 75 million users, 20 million of whom pay for the service.

Arcadia Healthcare Solutions (USA) acquired Sage Technologies (USA)
Deal Size: $28 million Industry: IT consulting Date: June 2015
EHR data aggregation/analytics and IT consulting firm Arcadia Healthcare Solutions announced the acquisition of managed services and ACO implementation provider Sage Technologies. The acquisition will help strengthen Arcadia’s position as a market leader in full-service managed care – the end-to-end blended technology and services capability to help healthcare leaders efficiently manage their business in a value-based setting. Sage Technologies offers managed services and operations support to health care providers and insurance companies that operate in a shared financial risk and managed quality of care environment.

Vox Telecom (South Africa) acquired Wishlist Corporation (Japan)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
Vox Telecom has expanded its consulting and integration capabilities, with the acquisition of Wishlist Corporation, a certified Microsoft Dynamics partner. The acquisition makes Vox Telecom, through its Microsoft Consulting and Software Integration division, one of the largest Microsoft Dynamics partner for the mid-market in southern Africa. “One thing we are certain of, is that companies are becoming increasingly dependent on cloud-based solutions and even more dependent on bandwidth. Our ability, through our expertise, and Vox Telecom’s infrastructure, to offer these critical functions, under one banner is very exciting and presents a number of opportunities,” says Neville Levinthal, former shareholder of Wishlist Corporation, and business development manager for Vox Telecom’s Microsoft Consulting and Software Integration division. Vox Telecom, an independent telecommunications company, provides voice and data services to consumer and business customers in South Africa.

Roland Berger Strategy Consultants (Germany) acquired FMC Consultants (Germany)
Deal Size: Undisclosed Industry: Strategy consulting Date: June 2015
Roland Berger, leading strategy consulting firm, has acquired FMC Consultants, a Germany-based consultancy that specialises in restructuring advisory. FMC Consultants, provides services in the area of strategy, turnaround management, corporate finance and business optimisation, and is led by a team of five partners working out of offices in Bremen, Düsseldorf, Hamburg and Stuttgart. For Roland Berger, restructuring is one of the key areas of its heritage and current service portfolio, in particular in its home market Germany. In line with its ambition to grow its footprint in the field and beyond – the consultancy has set the ambitious goal to triple in size in the coming years – Roland Berger has decided to purchase FMC Consultants. With the move, the consultancy further deepens and broadens its restructuring expertise, and brings its total number of restructuring experts in Germany beyond the mark of 120, a tally which in its view makes it the “market leader”.

Xurpas Inc (Philippines) acquired a majority stake in Seer Technologies (Philippines)
Deal Size: $0.4 million Industry: IT consulting Date: June 2015
Online games developer Xurpas Inc. acquired a majority stake in Seer Technologies Inc., a software consultancy firm focused on mobile, cloud and data technologies. The company said it acquired 70 percent of Seer for about P18 million and an earn-out amount corresponding to a fixed percentage of Seer’s net income after tax for the years 2015 to 2017. “The acquisition of Seer enhances our ability to provide mobile solutions for our enterprise clients. As consumers move from being Web to mobile-centric, corporations will need to have a strong presence on phones, tablets and other devices. For years, Seer has been a leader in the mobile platform development space, and is perfectly positioned to serve this rapidly growing industry,” said Xurpas’ CEO Nico Jose Nolledo.

Programme Maintenance Services Ltd. (Australia) merged with Skilled Group (Australia)
Deal Size: $460 milion Industry: HR consulting Date: June 2015
Programme Maintenance Services provides staffing, maintenance and facility management services primarily in Australia and New Zealand. Skilled Group offers a complete set of staffing solutions including onshore and offshore total workforce management flexible labor solutions and project-based workforce solutions. Mr Sutherland, managing director of Programmed Maintenance Services, predicts a wave of outsourcing of labour by Australian companies in a lower-growth economy. He specifically said that the merger made sense at a time when Australian companies are looking to trim costs and seeking partnerships with strong local labour hire entities with a robust balance sheet.

North State Communications (USA) acquired Stalwart Systems Group (USA)
Deal Size: Undisclosed Industry: IT consulting Date: June 2015
North State Communications, a mainly rural service provider, is acquiring IT security integrator Stalwart to advance its movement into the cloud and managed services space. The companies did not disclose the terms of the agreement. The addition of Stalwart’s consulting and engineering capabilities will enable North State to help the business customers’ network security concerns as they migrate to the cloud. This acquisition also illustrates that cloud-based services are not just important for businesses in big cities, but also in smaller towns and cities. Royster Tucker III, CEO of North State Communications, said in a release that the acquisition helps it address new cloud service revenue opportunities while addressing emerging “IT challenges facing businesses today.”

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