Consulting Sector M&A Deals for week beginning 14th September

businessman doing handstand on the beachFutureye (Australia) acquires KPPR (Australia)
Deal Size: Undisclosed Industry: Media Consulting Date: September 2015
“Acquiring KPPR broadens and strengthens our experience in telecommunications, energy and fast moving consumer goods. It also enhances our portfolio of risk communication advisory services including product recalls, crisis management and privatisations,” Katherine Teh-White, Managing Director of Futureye, said. “Combining the risk, crisis communications and product recall capabilities of KPPR and Futureye will put Futureye in a world’s best practice position in this area and well positioned for growth in Australia and internationally”, Kelly Parkinson, founder of KPPR said. KPPR will be fully integrated into Futureye’s organisational structure in close collaboration with managing director Katherine Teh-White. Parkinson will be a director of Futureye and will be responsible for the communication, crisis and business resilience services. Futureye provides specialist strategy, communications & engagement services to organisations facing public concerns about their operations. (http://www.bandt.com)

Llorente & Cuenca (Spain) acquired majority stake in Cink (Spain)
Deal Size: Undisclosed Industry: Management Consulting Date: September 2015
Llorente & Cuenca, the corporate and financial communications firm with offices in Spain, Portugal and Latin America, has acquired 60 percent of Cink, a digital innovation consultancy. Cink, based in Spain, provides services covering technology, communication, and consultancy within the digital universe. Its works encompasses the design of digital transformation plans through to the development of prototypes that solve complex innovation challenges. It has a staff of 20 professionals and is headquartered in Barcelona. Says José Antonio Llorente, founding partner and CEO of Llorente & Cuenca, “The acquisition of Cink—a completely pioneering and cutting-edge company in its sector—will allow us to increase our expertise in innovation consultancy and be able to offer our clients solutions and services for the development of their digital communication strategies that are nowadays essential for any organisation.” Sergio Cortés, founder and CEO of Cink, joins the shareholders’ AGM of Llorente & Cuenca, and says the acquisition “represents an unrivalled opportunity to boost our international growth, making use of the group’s extensive territorial presence.” L&C has its own offices in Argentina, Brazil, Colombia, Chile, Ecuador, Spain, United States (Miami), Mexico, Panama, Peru, Portugal and the Dominican Republic. (http://www.holmesreport.com)

Huron Consulting Group (USA) to acquire Cloud62 (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
Huron Consulting Group, a provider of business consulting services, announced that it has entered into an agreement to acquire Cloud62, a high-growth firm specializing in complex Salesforce.com implementations and related cloud-based applications. The addition of Cloud62 will expand Huron’s Salesforce.com offerings to clients across multiple industries, including healthcare, higher education, manufacturing, retail and financial services. Terms of the acquisition, which is expected to close in October 2015, were not disclosed. “Cloud62 is an innovative partner in the Salesforce ecosystem,” said Jay Laabs, managing director and practice leader of Huron Consulting Group’s Enterprise Performance Management & Analytics practice. “The addition of the Cloud62 team will enhance Huron’s capabilities in a number of areas, but particularly in engaging our clients’ customers through the Salesforce platform.” As part of the deal, Cloud62 will be included in the Huron Business Advisory segment, which includes the EPM & Analytics practice. “We are pleased to join forces with the highly respected team at Huron. Together, we can assist companies in leveraging data within their enterprise to enhance customer experience—a priority in today’s competitive marketplace,” said Suchak, founder of Cloud62. “Cloud62’s understanding of Salesforce combined with Huron’s industry expertise and analytics services will allow us to better serve our clients.” (http://hitconsultant.net)

Inprova (UK) acquired UES Energy (UK)
Deal Size: Undisclosed Industry: Energy Consulting Date: September 2015
Warrington-based procurement outsourcing service company Inprova Group has bought private equity-backed energy consultancy UES Energy as part of its ambitious growth strategy. The company has purchased Caerphilly-based UES from its two owners for an undisclosed sum. Inprova’s latest deal will help it towards achieving the goal of doubling the size of its business over the next two to three years, with further acquisitions planned. UES Energy procures and manages over £150m of energy contracts on clients’ behalf and turnover is expected to be in excess of £2m this financial year. The firm analyses energy prices, validates utility bills and reports on energy usage to help clients. Paul Kennedy, Inprova Group chief executive, said: “This deal further consolidates Inprova’s growing energy services offer and brings us closer to our ambition to be among the top five TPIs [third party intermediaries] in the country. “UES Energy complements the world-class services, expertise and knowledge we already have in our new energy division and will enable us to continue to expand our service offer to existing customers and reach new markets. “This is a critical and complex area of spend for so many organisations and it is vital that they can access leading edge services for support. “Acquiring UES Energy and welcoming Andrew and Gruff to the business is the latest step towards establishing Inprova Group as an international force in the procurement markets.” (http://www.insidermedia.com)

Sonoma Consulting (USA) acquired StrategyHire (USA)
Deal Size: Undisclosed Industry: HR Consulting Date: September 2015
Sonoma Consulting, Inc., a global organization providing IT Recruitment Solutions and Executive Search today announced the acquisition of StrategyHire, a technology recruiting and solutions provider based in Tyson’s Corner, Virginia.  Sonoma Consulting is one of the fastest growing U.S. based IT Consulting and Executive Search Companies which is privately held with operations inNaperville IL, Chicago IL, Hyderabad India and now Tyson’s Corner, VA. “Sonoma Consulting is one of the most impressive IT recruitment and consulting organizations with an incredible national database, extensive processes, with a very large senior research and recruiting team,” added StrategyHire’s Managing Partner, Brandon Bracher.  “We have greatly expanded our service offerings to our clients with the national consulting team and the Sonoma Offshore Development Center which opened earlier in 2015.” Sonoma Consulting is one of the fastest growing Global IT Consulting and Executive Search companies in the United States, since its founding in 2011 by Mark McGee, the President and CEO. Sonoma Consulting has four offices and two business divisions specializing in IT Recruitment and Executive Search to serve its 150 national clients which range from entrepreneurial start-ups to Global Fortune 500. (http://markets.financialcontent.com)

Spader Business Management (USA) acquired Jerkins Creative Consulting (USA)
Deal Size: Undisclosed Industry: Business Consulting Date: September 2015
Spader Business Management is acquiring Illinois-based Jerkins Creative Consulting. Jerkins provides industry-specific curriculum-based education, on-site consulting, merger and acquisition services and peer groups in the farm equipment industry. “Business continuation was an important factor for me, but the main thrust was to achieve a more scalable business model,” Jerkins founder Floyd Jerkins said. “As the market consolidates, the needs of these organizations also change.” The organizations offer complementary products and services, Spader president John Spader said. “And we believe this is an opportunity to further enhance the offerings we’ve been providing for nearly 40 years,” he said. Spader has been providing peer groups, training consulting and other business development products and services for multiple industries since 1976. Some Jerkins employees will continue to work for Spader from Illinois. (http://www.argusleader.com)

Accenture (Ireland) to acquire Cloud Sherpas (USA)
Deal Size: Undisclosed Industry: IT Consulting Date: September 2015
Consulting, technology and outsourcing company Accenture is to buy cloud services provider, Cloud Sherpas. Accenture, which has headquarters in Dublin, Ireland, specializes in “helping organizations move to the cloud to take advantage of a new era of service delivery and flexibility”. The company offers a range of “As-a-Service” solutions and provides “industry-focused cloud services” and employs around 17,000 cloud computing professionals. The acquisition will strengthen Accenture’s enterprise cloud capability. Established in 2007, Cloud Sherpas offers “cloud advisory and technology services” with a focus on Google, Salesforce and ServiceNow solutions. The company has a global footprint with a presence in the United States, Australia, UAE, the UK, the Philippines, India and New Zealand. Its 1,100 staff will be absorbed by Accenture. By combining Cloud Sherpas staff and capabilities with its own, the company believes in will be able to create “differentiated cloud services across leading and emerging application platforms”. “We’ve reached a tipping point in cloud as our clients rapidly adopt cloud solutions,” explained the Chief Technology Officer at Accenture, Paul Daugherty. “Accenture’s Cloud First agenda is a game-changer that offers transformational cloud services to help clients move their businesses to the cloud and achieve significant business results more quickly. I look forward to welcoming the talented professionals of Cloud Sherpas to Accenture.” “We are thrilled to be joining forces with Accenture. Cloud Sherpas was born in the cloud and we are perfectly aligned with Accenture’s Cloud First agenda” added Cloud Sherpas’ Chief Executive Officer, David Northington. “The combination of our capabilities and experience with Accenture’s scale, broad industry expertise and global cloud application capabilities represents a unique and compelling opportunity for our clients, for our people and for the future of cloud technology.” (http://www.hostsearch.com)

Software Quality Systems (Germany) acquired Galmont Consulting (USA)
Deal Size: $22 million Industry: IT Consulting Date: September 2015
Software Quality Systems (SQS) has acquired Galmont Consulting for a maximum consideration of $22.0 million. The deal will provide SQS with a substantial revenue base, as well as support its strategy of diversifying its geographic revenue sources by expanding its operations in the US. Founded in 1999, Galmont Consulting is an US-based technology consulting firm that specialises in software quality assurance and testing and business analysis. The firm offers its clients the support and expertise needed to build defect-free technologies and the knowledge to improve internal testing and software quality management practices. Galmont’s more than 150 employees work from its offices in Chicago, Dallas, New York and Kentucky. SQS is one of the world’s largest specialist suppliers of software quality services. The consultancy firm provides solutions, training, consultancy and resources in the fields of Quality Governance, Software Quality Assurance, Test Management, Process and Application Intelligence. SQS was founded in 1982 in Cologne and currently employs approximately 4,100 staff in Europe, Asia, North America and Africa. In line with its ambition to grow its US footprint, as well as to diversify its geographic revenue base, SQS decided to acquire Galmont Consulting. The addition of Galmont’s services complements SQS’s existing capabilities in the US across several sectors, including Banking, Financial Services and Insurance, and Manufacturing. In addition, it brings in new expertise in Government and Healthcare. The deal also provides SQS with an established and growing near shore delivery centre in Kentucky and established relationships across a range of industry groups, allowing the firm to develop new business opportunities for its onshore and offshore testing services. Commenting on the deal, Diederik Vos, CEO of SQS, says: “The acquisition of Galmont, which has built an outstanding and established reputation, significantly expands our presence in this large and growing market for us. We warmly welcome Galmont’s highly talented team to SQS and look forward to continuing to build upon their client base and excellent reputation as a leading independent software testing consultancy in the US.” (http://www.consultancy.uk)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s