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The Charlotte-based boutique investment bank acted as the exclusive sell-side advisor to Intellinet in their sale to FPT.
CHARLOTTE -- 7 Mile Advisors, a leading middle-market investment bank based in Charlotte, NC, announces another successful transaction in the Microsoft ecosystem - acting as the exclusive sell-side advisor to Intellinet in their majority sale to FPT.
“The 7 Mile team's guidance and advice throughout our process was excellent,” says Mark Seeley, Intellinet CEO. “ We explored several strategic options over the course of our engagement, and 7 Mile's persistence really paid off for myself, my team, and our shareholders. We collectively decided to proceed with a unique strategic buyer who required us to leverage all of 7 Mile's deal experience in order to navigate to a successful outcome for both sides. I was delighted with the value we unlocked and realized together.”
FPT, a global leading IT Service Provider headquartered in Vietnam and Intellinet, a US-based purpose-driven management consulting and technology services firm, have reached a definitive agreement for FPT to become the major shareholder of Intellinet, expanding the company’s footprint in the United States.
This partnership enables both companies to deliver end-to-end strategic IT services on a global scale, helping clients to accelerate their Digital Transformation journey. With the team of 150 of Intellinet consultants joining FPT’s workforce, the two companies are able to provide a full range of technology solutions from consultancy, requirement definition, system design, development, implementation and maintenance for worldwide clients.
“After 25 years of leading Intellinet as Founder & Chairman, today I am pleased to announce that Intellinet is becoming the US gateway to a global organization through a strategic equity investment by FPT Software,” said Frank Bell, Intellinet’s Founder and Chairman of the board. “I couldn’t be more proud of Intellinet and our leadership team. I am excited to be a part of this transaction and the opportunity it creates to grow Intellinet into the global technology leader we have always believed it had the potential to become.”
“The Microsoft ecosystem continues to thrive, and we look forward to continuing to support clients with strategic advisory on acquisitions or capital raising as we have over the past 10 years,” says Andy Johnston, a partner at 7 Mile Advisors. As experts in the digital transformation space, 7 Mile Advisors regularly publishes research on the Microsoft ecosystem as well as other technology services segments.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
FPT Corporation is the global leading technology and IT services group headquartered in Vietnam with nearly US$2 billion in revenue and 32,000 employees. Qualified with CMMI Level 5 & ISO 27001:2013, ASPICE LEVEL 3, FPT delivers world-class services in Smart factory, Digital platform, RPA, AI, IoT, Enterprise Mobilization, Cloud, AR/VR, Embedded System, Managed service, Testing, Platform modernization, Business Applications, Application Service, BPO and more services globally from delivery centers across the United States, Japan, Europe, Australia, Vietnam and the Asia Pacific. With a focus on R&D activities to improve the quality of services, the company has been serving over 450 customers worldwide, of which more than 70 are Fortune 500 companies in the industries of Aerospace & Aviation, Automotive, Banking and Finance, Communications, Media and Services, Logistics & Transportation, Utilities, Consumer Packaged Goods, Healthcare, Manufacturing, Public sector, Technology and more. For more information, please visit www.fpt-software.com.
Intellinet is a purpose-driven management consulting & technology services firm. Intellinet delivers value-creating solutions and material impact for clients through industry-aligned strategy, digital, and technology services. The company partners with future-minded corporate leaders who value execution excellence in both business and digital transformation. With an experience-driven mindset, the company leads boldly and innovate alongside our clients, enabling them to realize the full business value of today’s technologies. Intellinet has received over 70 worldwide, national, and regional awards for delivery excellence, customer satisfaction, and employment experience since its formation in 1993. Intellinet has offices in Atlanta, Charlotte, Boston, and Hartford, serving many of the United States’ Fortune 500 companies. For more information, please visit www.intellinet.com.