Consulting Sector M&A Deals for week beginning 28th September

businessman doing handstand on the beachAccenture plc (Ireland) agreed to acquire Sagacious Consultants, Llc (USA)
Deal Size: Undisclosed Industry: Healthcare Consulting Date: September 2015
Accenture announced that it has finalized its agreement to acquire Sagacious Consultants, an electronic health record consulting practice, to expand capabilities for helping clients to better manage healthcare quality, efficiency and costs. Approximately 250 employees from Sagacious Consultants will bring to Accenture their specialized skills in implementation, systems integration, upgrades and optimization of EHR solutions from Epic Systems Corporation. The acquisition will expand the capabilities of Accenture to help clients realize the benefits of EHR systems, thereby improving clinical and business outcomes. Sagacious Consultants, recognized as the 2013 Best in KLAS for Clinical Implementation Services, will bring extensive expertise in healthcare IT, information solutions, optimization, data analytics and data warehousing for Epic-related systems. “As the global EHR market continues on a trajectory that will surpass $22 billion this year, there is a critical need for medical IT specialists who can help healthcare systems maximize the utility and impact of digital health records,” said Kaveh Safavi, managing director for Accenture’s global healthcare business. “Sagacious will enhance our capabilities, expertise and ability to drive transformational outcomes for our clients.” (http://wtnnews.com)


Synechron Inc. (USA) acquired Crossbridge (UK)
Deal Size: Undisclosed Industry: Financial services Date: September 2015
Established in 2008, Crossbridge is a specialist consultancy focused exclusively on Financial Services which helps clients address critical business priorities covering technology, operational strategy and change. The acquisition deepens Synechron’s strong financial services expertise and expands its offerings to include Business and IT Transformation, Regulatory Services, Data, and Financial Crime. The deal extensively augments Synechron’s Consulting expertise and consolidates its footprint in the London financial services community and the European market. Speaking about the acquisition, Tony Clark and Richard Squire, Managing Partners of Crossbridge said, “Our clients have been looking to us to rapidly grow the Crossbridge consulting services, capacity and global footprint, so joining forces with Synechron is a great strategic move. We are delighted to be part of a team with technical depth and scale which is absolutely well aligned with our Transformation, Regulation, Financial Crime, Data and Digital practice areas. In a rapidly evolving market, we believe that the amalgamation of Synechron’s technical consulting focus and Crossbridge’s business consulting capabilities creates a truly leading full lifecycle financial services consulting proposition”. (http://www.consultant-news.com) 

Sectra Communications Oy (Finland) agreed to acquire EXP Analytics Oy (Finland)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
EXP Analytics specializes in conducting analyses, as well as preparing strategies and solutions for information and cyber security on behalf of public authorities in Finland. The company has six employees and annual sales amount to approximately EUR 1 million. “Finland is an attractive market, where we foresee growth potential for our security solutions and services. The acquisition of EXP Analytics will provide us with local resources and expertise to deliver secure communications to Finnish customers,” says Michael Bertilsson, President of Sectra’sSecure Communications business area. The acquisition is in line with the Group’s strategy to expand in the areas and regions where the company commands an established position. This will be done primarily through organic growth, supplemented by acquisitions that also strengthen the Group’s organic growth. The operation will be transferred to the Finnish subsidiary, Sectra Communications Oy, which is included in Sectra’sSecure Communications business area. (http://www.4-traders.com)

International Business Machines Corporation (USA) signed a definitive agreement to acquire Meteorix, Inc. (USA)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
IBM today announced that it will buy Meteorix, a company that specializes in providing consulting services for Workday’s cloud-based finance and human resources software. Meteorix can handle implementations of Workday’s finance management software, its human capital management software, or both. The deal should be a good thing for publicly traded Workday. Indeed, Workday cofounder and chief executive Aneel Bhusri displayed a confident attitude in the press release. “Meteorix’s deep Workday experience together with the industry expertise of IBM gives our customers a global strategic partner to help them put their finance and HR operations in the cloud and transform their businesses for future growth,” he said. (http://venturebeat.com)

Carlyle Europe Partners IV, L.P., managed by The Carlyle Group LP (USA) entered into an agreement to acquire 51% stake in PA Consulting Group Limited (UK)
Deal Size: Undisclosed Industry: Management consulting Date: September 2015
Carlyle, the US private equity group, is to take control of PA Consulting, the British company specialising in technology, innovation and public sector work, to help it expand by acquisition. Carlyle’s purchase of a 51 per cent stake in PA, to be announced on Tuesday, would value the consultancy, which is owned by its 2,500 employees, at $1bn. The deal will require approval of a majority of the PA staff who own shares at a vote in November. The UK group stressed continued employee share ownership was an important feature of the transaction. High quality global journalism requires investment. One reason for the deal is to give PA more firepower to attract and retain staff and to buy other groups. Alan Middleton, PA’s chief executive, said: “The structure that we will put in place will give us the flexibility to go after the real big bears in the market. It will give us a few more rounds in our gun.” (http://www.ft.com)

Infogain Corporation (USA) entered into definitive agreement to acquire Blue Star Infotech (Singapore) Pte. Ltd.
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
San Francisco-based IT consulting company Infogain will acquire the IT operations of Blue star Infotech (BSIL), to bolster its digital offerings in areas including cloud, mobility, SAP and analytics. The aggregate consideration for the IT business of BSIL and its subsidiaries in USA, UK and Singapore under the transaction will be Rs 180.80 crores, payable upon completion of the sale. In addition, BSIL would retain a real estate undertaking, a certain amount of cash and tax receivables. The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crores. The sale transaction is subject to the approval of shareholders of BSIL. Blue Star Infotech, a digital transformation consulting and services company, combines the best of engineering, creativity and technology to deliver the next generation of software solutions to its global customers and enable them to be future-ready. Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. (http://www.indian-commodity.com)

WPP (UK) agrees to acquire majority stake in Six Degrees PR (India) and Alphabet Consulting (India)
Deal Size: Undisclosed Industry: Marketing consulting Date: September 2015
WPP PLC: Says it has agreed to acquire a majority stake in full-service public relations agency Six Degrees PR and its content and integrated marketing subsidiary Alphabet Consulting, with offices in Delhi, Mumbai and Bangalore. (http://uk.reuters.com)

Cisco Systems, Inc. (USA) agreed to acquire Portcullis Computer Security (UK)
Deal Size: Undisclosed Industry: Cyber security Date: September 2015
Cisco has snapped up UK firm Portcullis to cater for increased demand for security consultancy services. The team will join the Cisco Security Solutions group, led by vice president James Mobley. Portcullis specializes in security analysis, penetration testing and research. The company is active in with ISO 270001:2013 security compliance and PCI DSS audits, a standard used for digital payments. “We supply scanning and penetration testing services to companies seeking compliance with the PCI DSS, which was developed by members of the PCI Security Standards Council (including Visa, Mastercard, JCB, Discover Financial Services and American Express) with the aim of applying consistent data security measures to card payment accounts across the globe,” the company’s website states. Cisco hopes the purchase of Portcullis will accelerate the company’s expansion into security consultancy services outside of the United States. (http://www.zdnet.com)

Cion (Canada) acquired Coulter Building Consultants (Canada)
Deal Size: Undisclosed Industry: Engineering consulting Date: September 2015
Cion, an Ingenium Group company, acquired Coulter Building Consultants to combine services and expand as one firm, Cion Coulter. Cion provides technical services tailored to the property and facilities management industry in Toronto. Coulter is a group of consulting engineers and building scientists serving Burlington, Ont., and surrounding areas. A specialist in the assessment and problem correction of multi-unit residential, commercial, institutional, and recreational properties, it works with building owners and property managers to address problems in design, maintenance, and rehabilitation of existing buildings. “This importation acquisition is in line with Cion’s corporate strategy of focused and measured expansion of its building sciences services,” said Victor Smith, Ingenium Group CEO. “We recognize the value of the brand that founder Kim Coulter has built and are confident its market will help Cion leverage its excellent technical capabilities.” The new company will operate in Burlington and Toronto, with Kim Coulter remaining as active president. Going forward, it will continue to focus on technical analysis and project management services for the maintenance, remediation, and repair of residential, commercial, and industrial buildings. (http://www.constructioncanada.net)

XL Innovate (USA) acquired New Energy Risk, Inc. (USA)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
XL Innovate, the venture capital initiative sponsored by XL Group, has acquired all of the shares of data analytics and consulting firm New Energy Risk. New Energy Risk will continue under the leadership of chief executive officer (CEO) Tom Dickson, who has more than 25 years of experience in the re/insurance industry. Tom Hutton, managing partner of XL Innovate, said: “New Energy Risk has developed and delivered to the market unique performance warranty products which enable clean technology companies to obtain the project financing they need in order to grow. “We look forward to the continued expansion of New Energy Risk under the leadership of CEO Tom Dickson who has a respected track record of leading companies that respond to market opportunities with creative solutions grounded in high quality analytics, underwriting and risk assessment. Dickson added: “I’m excited to be back in an underwriting role, and particularly excited by the opportunity to address such high value client relationships throughout the world. “At New Energy Risk, we collaborate closely with customers, brokers, financiers and other intermediaries in developing customised policies to encourage customer acceptance and support financing of renewable and clean energy technologies.” (http://www.intelligentinsurer.com)

Arthur J Gallagher & Co. (USA) acquired Burkwald & Associates (USA)
Deal Size: Undisclosed Industry: IT consulting Date: September 2015
Burkwald & Associates Inc., a Pewaukee-based management and employee benefits consulting firm, has been acquired by Arthur J. Gallagher & Co. Terms of the deal, announced Friday by Gallagher, were not disclosed. Burkwald & Associates, founded in 1978, offers a range of group employee benefits products and consulting services to clients throughout the Midwest, Gallagher said. The firm specializes in providing strategic planning, employee benefits, employee communications, education and wellness products and services. Daniel Burkwald and his team will continue to operate from their current location under the direction of William Ziebell, Gallagher’s North Central employee benefit consulting and brokerage leader, Gallagher said. “Burkwald is well-respected for their benefits consulting expertise and their ability to anticipate and provide benefit solutions for their clients’ evolving business needs. Not only do they have a sales culture that matches ours, their team is also focused on high-quality customer service,” J. Patrick Gallagher Jr., chairman, president and chief executive, said in a statement. “In addition, their Milwaukee-area presence and solid industry relationships will be a terrific complement to our expanding employee benefits brokerage and consulting operation.” Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm headquartered in Itasca, Ill. (http://www.jsonline.com)

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