Consulting Sector M&A Deals (June 20th – July 1st )

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Accenture Acquires Maglan, Expands Security Services in Israel
Deal Size: Undisclosed Industry: IT Consulting Date: June 20, 2016

NEW YORK; June 20, 2016 – Accenture (NYSE: ACN) announced today it has acquired Maglan, a privately-held Israeli cybersecurity company specializing in offensive cyber simulation, vulnerability countermeasures, cyber forensics and malware defenses, and IT security research and development with a focus on threat intelligence. Financial terms of the transaction were not disclosed.

The acquisition brings to Accenture a team of highly skilled cybersecurity professionals, who honed their skills fighting cyber crime and confronting cyber espionage around the globe. The acquisition advances Accenture’s strategy of leveraging Israel as a cybersecurity innovation hub to provide clients with cross-industry cyber defense consulting. Maglan has specialized tools and methodologies that will augment Accenture’s full range of security services and defensive countermeasures, comprising strategy and risk management through enterprise and extended enterprise security.

“The growing variety and velocity of cyber attacks today cannot be eliminated with standard off-the-shelf solutions,” said Omar Abbosh, chief strategy officer, Accenture. “Tackling the security problem from the perspective of the hacker is the name of the game. That’s why we are actively pioneering fundamentally differentiated approaches to cyber attack simulation, threat modeling, cyber investigations and security risk advisory services. With this acquisition, we are now able to further tailor services to our clients’ ever-changing security needs.”

Based in the Tel Aviv metropolitan area, Maglan was founded in 1998 and has performed extensive penetration tests for numerous organizations in Europe. Its clients include companies in the financial services, telecommunications and automotive industries.

“Whether due to spear phishing, malware or ransomware or a combination, the sophistication in attack vectors and cyber espionage is increasing,” said Shai Blitzblau, Maglan president and co-founder. “For nearly two decades, we have built robust security R&D capabilities and helped organizations across a broad range of industries adopt active cyber intelligent-driven approaches to address the rapidly evolving threat landscape and defensive mechanism. We are excited to join forces with Accenture worldwide, and to work with its cyber team here in Israel and across its network of Cyber Fusion Centers.”

The capabilities of Maglan will also form the core of a future Accenture Cyber Fusion Center in Israel and support Accenture around the globe. These state-of-the-art centers are dedicated to providing clients with one-stop access to a unique fusion of inter-disciplinary capabilities ranging from innovation and incubation to strategic consulting and transformation, to the managed delivery of a broad range of cybersecurity services. Accenture is continuing to expand its network of Cyber Fusion Centers and recently introduced a new location in Bangalore, India, joining existing facilities in Manila and Prague.

With this acquisition, Accenture has now made a total of the five investments in the cybersecurity space in the past several months. Earlier investments include the acquisition of FusionX, a company with a 20-year cyber defense legacy; the acquisition of Cimation, an affiliate of Audubon Companies and an Industrial Internet of Things consulting company; a minority investment in Endgame Inc., a provider of cybersecurity software solutions; and a minority investment in Team8, a cybersecurity foundry.
https://newsroom.accenture.com

Acquisition of Exprodat Consulting Ltd by Getech Group plc
Deal Size: Undisclosed Industry: IT & Software Date: June 21, 2016

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, is pleased to announce the execution and completion of an agreement to acquire the entire issued share capital of Exprodat Consulting Limited, a company specialising in the provision of geographical information systems (“GIS”) software and services to the oil and gas industry (the “Agreement”).

Getech has previously stated a strategic aim of acquiring companies with clear commercial fit and synergies, in parallel with the strategic aim of organic growth. In April 2015 it completed the acquisition of ERCL Limited, an oil and gas consultancy based in Henley on Thames.

In common with its clients, Getech’s work depends on the ability to manage, present and interpret geographical data. Throughout the oil and gas industry, GIS systems are used as part of the work at all stages from exploration through to production, and virtually all clients use the ArcGIS software platform, provided by ESRI.
http://www.londonstockexchange.com

Atlantic Canada solution provider sells to gaming and lottery consulting firm
Size: Undisclosed Industry: IT Consulting Date: June 22, 2016
Bulletproof Solutions Inc. has announced its acquisition by Gaming Laboratories International and affiliates (the GLI Group) for an undisclosed figure.

The entire leadership team at the Atlantic Canada IT provider will stay on board according to GLI, which offers testing, professional services, consultation, auditing, risk and compliance, field inspections, security audits, and more in the lottery and gambling industry.

“The investment further underscores the GLI Group’s commitment to Canada, and in particular, New Brunswick and the Atlantic Provinces,” the new parent company said in a statement. “Both companies plan to leverage Bulletproof’s strong IT services capabilities throughout other provinces in Canada and in the United States.” It is headquartered in Lakewood, New Jersey, but has offices in Burnaby, BC and Moncton, New Brunswick.

Through the acquisition, Bulletproof’s services, in areas including network and security consulting, custom software, unified communications, IP video surveillance and education services are being made available to gaming, lotteries and voting machine related companies, sectors that the GLI Group operates in.

GLI Group has also said that they foresee expanding Bulletproof throughout Canada and globally, although New Brunswick will remain the base of operations.
http://www.computerdealernews.com

Quick Heal acquires Junco Technologies, launches cyber security arm
Deal Size: Undisclosed Industry: IT Consulting Date: June 23, 2016

PUNE: Quick Heal Technologies has acquired Junco Technologies, anIT security firm and will be launching a new line of business, Seqrite Services to be headed by Junco founder Rohit Srivastwa. Seqrite Services will operate as a division of Seqrite, the enteprise business of Quick Heal and will offer cyber security consulting services. The company also announced the launch of the Quick Heal Academy which will work in conjunction with universities, law enforcement agencies, and educational institutions to offer training in cyber security.

Juno Technologies was incubated by the Science & Technology Park, Department of Science & Technology, Government of India.
http://economictimes.indiatimes.com

Accenture acquires dgroup
Deal Size: Undisclosed Industry: IT Consulting Date: June 24, 2016

Hamburg, Germany, June 24, 2016 — Accenture (NYSE:ACN) has entered into an agreement to acquire dgroup, a German-based consultancy that delivers end-to-end management consulting services to help companies achieve digital transformation. The acquisition will increase Accenture’s digital consulting capabilities in the German market and strengthen the broad range of services Accenture provides to support digital transformation, primarily for retail and consumer goods companies.

dgroup, which was founded in 2001, employs approximately 60 people and has locations in Hamburg and Dusseldorf. Terms of the acquisition were not disclosed, and completion of the acquisition is subject to customary closing conditions.

dgroup provides a range of services, primarily for retail and consumer goods companies, which include e-commerce and multi-channel services, online marketing and analytics, application development, IT architecture and project management. It offers consulting advice and methodologies to support digital innovation and it provides clients with transformation and execution services to develop new digital ventures.

“The acquisition of dgroup will help expand Accenture’s leading combination of digital transformation capabilities in Germany,” said Michael Brueckner, managing director, Accenture, Austria, Switzerland and Germany. “dgroup’s local market experience coupled with Accenture’s global reach, industry knowledge and technology expertise will enhance Accenture’s capabilities and talent in digital and management consulting, bringing together a highly skilled team focused on digital excellence. Not only will Accenture have a greater presence in the digital market, we will be better placed to make our extensive global digital transformation capabilities available to all clients.”

“dgroup has established a reputation for agile approaches to digital transformation and execution in Germany,” said Mathias Gehrckens, co-founder and managing partner, dgroup. “We are excited to join the global Accenture family and adding our knowledge and expertise to Accenture’s global capabilities. Together we will bring new value to a greater range of clients.”
http://www.greensheet.com

Specialist consultancy BiPRO joins Ramboll Environ
Deal Size: Undisclosed Industry: Engineering Consulting Date: June 28, 2016

MUNICH, Germany, June 28, 2016 (GLOBE NEWSWIRE) — Ramboll has acquired specialist chemical, product, health, sustainability and environmental performance consultancy BiPRO, merging it into its global Environment and Health practice Ramboll Environ.

Based in Munich, Germany with a staff of 40-strong, BiPRO business specialises in policy-setting and development, helping governments and bodies such as European Union and United Nations form environmental legislation and understand its impact. BiPRO also provides strategic consulting services to industrial and chemicals clients on assessing the impact of chemicals on human health, compliance with European legislation and sustainable innovation.

Its acquisition follows a close collaboration between Ramboll Environ’s Product Safety and Stewardship team and BiPRO over the past few years on a large number of strategic projects, including 15 REACH authorisations.

Joachim Schmidtke, Managing Principal of Ramboll Environ Munich who will oversee the expanded operation, said: “Since the start of our collaboration with BiPRO three years ago, it quickly became apparent that our respective complementary services would be enhanced by joining together more directly.

“Ramboll Environ’s product safety and environmental performance related work will be boosted significantly by BiPRO’s strong focus on global policy-setting and the environmental compatibility of products and processes, while their clients will benefit from our broader range of expertise and strong international network. Having so many highly qualified and respected scientists joining our team will also increase the capacity of our strategic health sciences and environmental services, offering greater benefits to everyone.”
http://finance.minyanville.com

Ameri100 acquires SAP consulting firm
Deal Size: Undisclosed Industry: IT Consulting Date: June 30, 2016

Ameri Holdings Inc., a Princeton-based SAP consulting firm, announced Wednesday it has signed a definitive agreement to acquire Bigtech Software Private Ltd., another SAP consulting firm.

Bigtech Software, based in India, will strengthen Ameri100’s SAP services capabilities, offshore delivery and presence in the Asian and Middle Eastern markets, it said in a prepared statement.

“This partnership is an important milestone for our company and our clients,” Giri Devanur, CEO and president of Ameri100, said in a prepared statement. “Bigtech Software is a specialist firm in SAP services with more than 16 years of SAP expertise and has successfully executed over 250 SAP projects. By combining Bigtech’s SAP implementation and SAP application management services skills with Ameri100’s cloud solutions and digital SAP services, Ameri100 will be well positioned to deliver next generation solutions across all SAP services, globally.”

“The proven capabilities and expertise of Ameri100 will allow us to provide a broader offering to our customers in India and the Middle-East as well as expand our footprint in the U.S.” Gopal Phadnis, co-founder of Bigtech Software, said in a prepared statement. “The global exposure that comes with this acquisition will help our employees enrich their capabilities and expertise.”
http://www.njbiz.com

Crestwood Associates LLC Announces Merger With Stanley Stuart Yoffee & Hendrix, Inc. (SSYH)
Deal Size: Undisclosed Industry: IT Consulting Date: July 1st, 2016

Crestwood expands to Central and South Florida, acquires Microsoft Dynamics and Acumatica Partner SSYH. Mount Prospect, IL, July 1, 2016 (Newswire.com) – Brian McGuckin, Co-Owner of Crestwood Associates LLC announces that Crestwood has entered into a merger agreement with the long-time Florida-based Microsoft Dynamics and Acumatica consulting firm, Stanley Stuart Yoffee & Hendrix, Inc. (SSYH).

SSYH will operate under the Crestwood Associates name, keeping offices in Maitland and Ft. Lauderdale.   Crestwood Associates and SSYH both provide Microsoft Dynamics and Acumatica accounting and business management solutions to mid-sized companies, which makes this a great opportunity for both organizations and their customers.

Crestwood and SSYH have extended their market reach through this strategic merger. The addition of SSYH’s thriving Dynamics and Acumatica practice, along with a significant client base across Central and South Florida, enables both firms to deliver more services to a greater number of clients.  “We are excited to welcome our SSYH colleagues as we join forces to help our clients achieve their goals,” said McGuckin. “By joining two long-standing, customer-focused organizations and leveraging the deep Microsoft Dynamics and Acumatica expertise, we are positioned to offer even more value to our current and future customers. SSYH’s selection of Crestwood further solidifies the value that Crestwood delivers,” he noted. “We seek to be a partner for life to our clients, and our clients value the trusted relationship we have developed over the years. We know this, because they tell us. We stand ready to demonstrate these capabilities to our newest clients,” McGuckin reported.

Angela Stuart Mills, Owner and Chief Executive Officer, will join Crestwood as Director of Product Development.  “The SSYH team is excited to join Crestwood. Crestwood has the resources, vision, and dedication to customer satisfaction that will enhance the Microsoft Dynamics and Acumatica work we have done over the past 24 years and enable our team to continue to fulfill our mission of helping our clients solve their business issues,” offered Mills. Crestwood will continue to enhance and support the two Dynamics SL add-on products, National Accounts and AR Collections Manager.

SSYH has welcomed its customers to the new firm and they are available to answer any questions they may have about the transition or about Crestwood. “Our first order of business is to assure our clients that they continue to have a valued Microsoft Dynamics and Acumatica business partner in us. We are doing everything that we can to make the process seamless, while maintaining SSYH’s and Crestwood’s exceptional level of client service,” Mills stated.
https://www.newswire.com

 

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