Consulting Sector M&A Deals for week beginning 3rd August

businessman doing handstand on the beachRegions Insurance Inc. (USA) acquired The A.I. Group Inc. (USA)
Deal Size: Undisclosed Industry: HR consulting Date: To close end of the year
Memphis, Tennessee-based insurance broker Regions Insurance Inc. said Monday that it has acquired Atlanta-based The A.I. Group Inc. The A.I. Group provides employee benefits consulting and insurance brokerage services for mid-size and large employers in the United States. Co-founders and Managing Partners Dan Murphy and Dave Woodruff, along with The A.I. Group’s 39 employees have joined Regions Insurance. Messrs. Murphy and Woodruff will continue to play a key role in the employee benefits consulting firm, Regions Insurance said in a statement. The A.I. Group will operate under the name Regions Insurance. The employee benefits consulting firm will make the transition by the end of the year, according to a Regions Insurance spokeswoman. “The A.I. Group has many years of experience providing large group employee benefits expertise to companies nationwide in a customized and strategic manner,” said Curren Coco, CEO of Regions Insurance Group. (http://www.businessinsurance.com)

General Employment Enterprises Inc. (USA) acquired Agile Resources Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: July 2015
General Employment Enterprises Inc. has acquired Agile Resources Inc., an Atlanta-based IT staffing and consulting services provider. The acquisition adds service capabilities and extends General Employment’s footprint into the greater Atlanta area. The transaction closed July 31. General Employment acquired all of Agile’s common stock for consideration including cash, stock and seller financing. Additional terms were not disclosed. Agile is now a wholly owned subsidiary of General Employment. Agile provides IT staffing professionals with expertise in the areas of .Net, sharepoint, enterprise resource planning, software engineering, database support (Microsoft SQL, Oracle, Sybase & Informix), legacy systems support, data analytics, cloud migration, big data, cyber-security, health IT, network and help-desk support and mobile applications. “The acquisition of Agile brings to General Employment a highly profitable and fast growth IT staff augmentation and consulting organization that provides outstanding client service and is led by a dynamic individual and growth-oriented executive,” said General Employment Chairman and CEO Derek Dewan. (http://www.staffingindustry.com) 

Datagroup AG (Germany) has acquired the employee and customer relationships of Vega Deutschland GmbH (Germany)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Datagroup AG, a provider of information technology (IT) services and solutions, has acquired the employee and customer relationships of Vega Deutschland GmbH, a software and consulting firm. Pursuant to the transaction, the business activities will be continued in the new company Datagroup Vega GmbH, a 100% subsidiary of Datagroup. The acquisition will strengthen Datagroup’s market position in the growth area of business solutions and consulting. (http://www.individual.com)

CBRE Group Inc. (USA) has acquired PKF’s Consulting Inc. (Canada)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
CBRE Group Inc. announced Tuesday it had acquired PKF Consulting Inc.’s Canadian operations, known as PKF Canada, for an undisclosed sum. The downtown L.A. real estate services giant acquired PKF Consulting USA, the stateside branch of the hospitality research and consulting firm, last year. PKF Canada is led by national managing directors David Larone and Brian Stanford, who will remain in leadership roles with CBRE. All of PKF Canada’s employees will join CBRE’s Valuation & Advisory Services division. (http://www.labusinessjournal.com)

EDTS (USA) has acquired Whole House Audio & Video Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Greenville-based technology consulting firm EDTS has acquired Whole House Audio & Video (WHAV) Inc., an Aiken, S.C.-based equipment firm selling audiovisual and multimedia systems, video surveillance, access control, automation, intelligent control solutions and structured cabling. The move will help EDTS’s growing network security practice by providing physical security expertise, according to a news release. WHAV’s six employees will stay on with EDTS, and WHAV will operate as a separate division from its existing building in Aiken. (http://upstatebusinessjournal.com)

Ricoh Canada Inc. (Canada) has acquired Graycon Group Inc. (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Ricoh Canada Inc. today announced it has completed its acquisition of Graycon Group Inc. (Graycon) – a leading Information Technology (IT) consulting firm that specializes in the design, implementation, security, and support of all IT infrastructure, cloud and networking systems. The acquisition is the latest strategic investment by Ricoh to expand and deepen its managed services portfolio. Graycon Group, headquartered in Calgary, Alberta, with operations in seven cities across Western Canada, has been providing IT infrastructure and networking expertise for the past 26 years. The company’s deep experience in delivering best-in-class IT Services will help Ricoh continue to drive value to customers through expanded services offerings as well as support Ricoh’s growth as a provider of managed IT Services. (http://www.tickertech.com)

Strategic Decisions Group International (USA) has acquired Applied Strategies (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Strategic Decisions Group International, LLC, a management consulting company, has agreed to acquire Applied Strategies, a company that helps the private, public and non-profit health sectors to make better decisions in case of future risk and uncertainty. Both the companies are based in the US. The acquisition will enable Strategic Decisions Group to expand its management consulting services and accelerates its growth in the life sciences sector, particularly in North America. It will also enable Strategic Decisions Group to expand its tools and analytical solutions. (http://www.individual.com)

KPMG (Australia) has acquired Banarra (Australia)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Accounting group KPMG has just bought human rights and social impact business Banarra so it can better advise its top-end-of-town customers on corporate citizenship issues. Banarra’s capabilities include human rights risk, ethical sourcing and supply chain management, social impact management and measurement, complex stakeholder engagement, and strategy and report development. The acquisition closely aligns with KPMG’s internal corporate citizenship work. (http://www.businessinsider.com)

Cocuy, Burns & Co. (USA) merged with Templeton & Company (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
Cocuy, Burns & Co., P.A., a CPA and consulting firm in Wellington, Fl. and Templeton & Company, LLP, a leading South Florida-based firm, combined practices effective August 1, 2015. Juan Cocuy and Tom Burns became partners in the newly combined firm, called Templeton & Company. The combination deepens the firm’s capabilities and expands its presence in the South Florida marketplace. “We have long admired Juan Cocuy and his talented team and are pleased to join our practices. They perfectly complement our existing services and are well-respected throughout the community,” said Steven Templeton, Founder and Managing Partner, Templeton & Company. “This combination provides a larger platform for us to expand our service offerings and provide growth opportunities for our people,” said Juan Cocuy, Cocuy, Burns & Co.’s founder. (http://www.cpapracticeadvisor.com)

Zebra Technologies Corporation (USA) has acquired ITR Mobility (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Zebra Technologies Corporation, a global leader in solutions and services that provide real-time visibility into organizations’ assets, people and transactions, and ITR Group, Inc., a leading Twin Cities-based IT consulting firm, today announced Zebra’s acquisition of ITR Group’s mobile consulting and software development firm, ITR Mobility and its mobile platform, iFactr. The ITR Mobility/iFactr acquisition strengthens Zebra’s ability to provide rapid, cost-effective conversion of legacy mobility applications to current systems and a platform for supporting the ongoing evolution of options that will exist in their future operations too. The sale culminates ITR Group’s successful incubation of two pioneers in the cross-platform mobile applications and development space and reinforces ITR Group’s continued focus on its growing IT strategic staffing business as its customers continue to transform IT from support function to business driver. (http://www.4-traders.com)

InfoWorks Inc. (USA) has acquired FocusPoint (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
InfoWorks, Inc., a management and information technology consulting company, has acquired the assets of FocusPoint, a provider of business process management (BPM), web application development and business intelligence services. The acquisition will allow InfoWorks to expand its business intelligence and analytics capabilities. (http://www.individual.com)

Accenture (USA) has acquired FusionX (USA)
Deal Size: Undisclosed Industry: Management consulting Date: August 2015
New York-based management consulting firm Accenture has acquired Arlington-based cybersecurity firm FusionX. Accenture, which has operations in Arlington, said the acquisition will strengthen its security practice and help clients assess their ability to protect against cyberattack. “Even companies that have strong cyber security leadership and make wise investments can still find themselves compromised by advanced cyber threats,” Michael Salvino, group chief executive, Accenture Operations, said in a statement. “FusionX gives Accenture the critical ability to prepare our clients against the most advanced cyber adversaries. (http://www.virginiabusiness.com)

Ericsson (South America) to acquire the assets of Icon Americas (South America)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Ericsson intends to acquire the assets of Icon Americas, a Guatemala-based consulting and systems integration company. Icon Americas specializes in providing application development and maintenance (ADM) services – specifically in the area of billing and charging – to leading telecom operators. The acquisition – which is expected to close in the third quarter of 2015, subject to customary closing conditions – expands Ericsson’s comprehensive portfolio of consulting and systems integration services and OSS/BSS solutions in Latin America. In particular, Ericsson will benefit from the Icon Americas employees’ experience of working with telecom customers in the region. Sergio Quiroga da Cunha, head, Ericsson Region Latin America and Caribbean said, “IT services is an area of strategic importance to Ericsson – not just in Latin America but globally. The acquisition of Icon Americas will improve our ability to provide IT and ADM services to customers in Latin America, thereby strengthening our end-to-end position in OSS/BSS.” Hugo Cruz, founder and CEO of Icon Americas said, “We are excited to be joining the Ericsson team as its global scale and presence enable us to apply our expertise to a much wider range of customers.” (http://www.teleanalysis.com)

David Evans and Associates, Inc. (USA) to merge with Triad (USA)
Deal Size: Undisclosed Industry: Engineering consulting Date: July 2015
David Evans and Associates, Inc. (DEA), a professional services consulting firm of more than 950 people headquartered in Portland, Ore., expanded its presence in the Pacific Northwest by merging with Triad, a 50-person, multidisciplinary design firm headquartered in Woodinville, Wash. Upon closing the transaction on July 31, 2015, Triad became a division of David Evans and Associates, Inc. DEA Chairman and CEO Dr. Al Barkouli, P.E., said, “The merger with Triad will substantially increase DEA’s presence in Puget Sound and provide clear benefits to our clients, employees, and shareholders. Triad’s outstanding reputation, excellent client relationships and talented staff enable us to offer our clients an expanded and comprehensive suite of consulting services.” (http://cenews.com)

Moss Adams (USA) to merge with Curtis Consulting Group (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Top 100 accounting and business consulting firm Moss Adams announced it has agreed to combine with boutique IT consulting firm Curtis Consulting Group (CCG) to expand the firm’s IT consulting and software development capabilities. Issaquah, Wash.-based CCG offers services in business process improvement and business process automation and develops custom solutions that integrate these processes and technology. The solutions include operational business applications with connections to large enterprise-wide systems like SAP and People Soft. The merger will bring CCG’s professionals into Moss Adams’ IT consulting practice, creating a team of 45 to be led by CCG founder Mark Curtis in the role of partner. The team’s expertise as programmers and project managers was especially attractive to Moss Adams, which ranked No. 15 in Accounting Today’s Top 100 Firms with $429 million in annual revenue. (http://www.accountingtoday.com)

Manpower Group’s Experis unit (USA) will acquire the majority ownerships of Veritaaq (Canada)
Deal Size: Undisclosed Industry: IT consulting Date: Expected to close in September 2015
US-based staffing company Manpower Group’s Experis unit will acquire the majority ownership of Canadian IT consulting firm Veritaaq, the company said. With this transaction, which is expected to close in late September, Experis strengthens its capabilities across North America and complements the organic growth of the Experis business in Canada. (http://www.staffingindustry.com)

Hannon Westwood (UK) has acquired Novas Consulting Ltd. (UK)
Deal Size: Undisclosed Industry: Engineering consulting Date: August 2015
Hannon Westwood, a UK-based exploration research and analytics firm, has completed its acquisition of Novas Consulting Ltd. for an undisclosed sum. Novas Consulting brings a team of globally experienced geoscientists, engineers, and other specialists to the research company. Since receiving an investment from energy specialist private equity company Energy Ventures in January, Hannon Westwood has been seeking a combination of acquisition and organic development projects. The addition of Novas Consulting to the Hannon Westwood portfolio is the company’s first step in adding new diversity to its consulting offering. (http://www.ogfj.com)

Sonata Software Inc. (USA) to acquire Halosys, Inc. (USA)
Deal Size: $5 million Industry: IT consulting Date: August 2015
Sonata Software North America, Inc. (Sonata Software NA), a provider of development and consulting services, has signed a definitive agreement to acquire 100% stake in Halosys, Inc., a provider of an enterprise mobilefirst application program interfaces (API) platform that includes an enterprise mBaaS (mobile backend-as-a-Service), for approximately $5 million. Sonata Software NA is a wholly-owned subsidiary of Sonata Software Limited, an India-based information technology consulting and software services company. The consideration constitutes of an upfront payment of $2 million and earn out of $3 million payable over the next three years. (http://www.individual.com)

WeWork (USA) has acquired CASE Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
New York–based WeWork, an office space rental company that provides both businesses and business professionals with collaborative workspace options, has acquired New York–based IT consultancy CASE Inc. Following the acquisition, the company now heads WeWork’s digital department and applies its consulting experience to enhancing and developing all WeWork locations. This process involves hiring and working with architects as they create the communal office sites to ensure a better integration of technological considerations and components. While other companies often hire out-of-house consultants to perform this role, WeWork benefits from incorporating these functions. (http://www.contractdesign.com)

Stroz Friedberg (USA) has acquired Elysium Digital (USA)
Deal Size: Undisclosed Industry: IT consulting Date: August 2015
Stroz Friedberg, a global cybersecurity, digital forensics, investigations and risk management company, announced today it has acquired Boston-based Elysium Digital, a leader in IP litigation consulting, digital forensics, and expert testimony. “The people of Elysium Digital possess highly sought after technical skills that have allowed them to tackle some of the most complex IP matters in recent history. Bringing this expertise into Stroz Friedberg will allow us to more fully address the needs of our clients around the world, not just in IP litigation and digital forensics, but across our cyber practices as well,” said Michael Patsalos-Fox, CEO of Stroz Friedberg. (http://markets.financialcontent.com)

IBM (USA) to acquire Merge Healthcare (USA)
Deal Size: $1 billion Industry: Management consulting Date: Deal to close later this year
US-based technology and consulting firm IBM has agreed to acquire medical image firm Merge Healthcare, for around $1bn. As part of the deal, Merge will receive $7.13 per share in cash from IBM. Merge provides medical image handling and processing, interoperability and clinical systems for its healthcare customers. IBM intends to combine Merge’s medical imaging management platform with its Watson’s advanced image analytics and cognitive capabilities. IBM research and solutions portfolio senior vice-president John Kelly said: “Watson’s powerful cognitive and analytic capabilities, coupled with those from Merge and our other major strategic acquisitions, position IBM to partner with healthcare providers, research institutions, biomedical companies, insurers and other organizations committed to changing the very nature of health and healthcare in the 21st century.” Merge Healthcare CEO Justin Dearborn said: “Becoming a part of IBM will allow us to expand our global scale and deliver added value and insight to our clients through Watson’s advanced analytic and cognitive computing capabilities.” Subject to regulatory and other customary closing conditions, the deal is expected to complete later this year. (http://diagnosticimaging.medicaldevices-business-review.com)

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