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Business Services & Technology M&A Research – Oct. 2021

By Emily Halstenberg | November 10, 2021

Business Services & Technology M&A Research

7 Mile Advisors has released its monthly breakdown of M&A and benchmarking activity in the Business Services & Technology sector. Please see below for a listing of available research pieces and contact us if you would like to discuss.
Our research provides insights into the most recent market trends, M&A activity, valuation metrics, and sector outlook.

Transaction Talk

Insights and intelligence on recent notable industry transactions

Persistent Acquires Software Corporation International and Fusion360

Software Corporation International (“SCI”), one of the world’s largest and most experienced providers of payments technology solutions for some of the biggest financial institutions in the United States, and its affiliate Fusion360, have been acquired by Persistent, a global services and solutions company delivering digital engineering and enterprise modernization.

“The growing complexity in the Payments ecosystem requires a systems integrator that is knowledgeable in legacy payment rails, as well as new emerging technologies. Add in the demand for shorter transaction times and increasing government regulations, and the list of businesses with deep domain experience in Payments becomes very short,” commented Nick Prendergast, Vice President at 7 Mile Advisors.

“Combining our deep Payments domain knowledge with Persistent’s digital engineering, next-gen cloud services, and global footprint allows us to deliver immediate value to any Payments modernization initiative,” said D. Keith Sides, Chief Executive Officer, SCI. For more information on this transaction, click here.

3Pillar Global Receives Strategic Investment from HIG Capital

3Pillar Global, an international developer of cutting-edge digital products, announced that it has entered into a definitive agreement to receive a strategic growth investment from an affiliate of H.I.G. Capital

“At 3Pillar, our industry-leading teams, our passion for digital innovation, and our unique customer-focused go-to-market strategy have driven over 15 years of tremendous growth,” said David DeWolf, Founder and CEO of 3Pillar. “This strategic growth investment from H.I.G. Capital will enable us to continue our goals of attracting and developing top product and engineering talent and accelerate our ability to become the preeminent product development specialists in the market.”

“Our strategic investment reflects our confidence in 3Pillar’s outstanding capabilities and strong momentum in the multi-billion-dollar digital transformation sector,” said Matthew Robinson, Managing Director at H.I.G. Capital. For more information on this investment, click here.

Accenture Continues Acquisition Strategy with Purchase of Advoco

Accenture has acquired Advoco, one of the largest systems integrators for Infor EAM, a leading software-as-a-service suite for enterprise asset management (EAM). The acquisition expands Accenture’s capabilities to help clients in the Consumer Goods & Services, Industrial, Life Sciences, Transit, and other industries make their operations and supply chains safer, more sustainable, productive, and cost-efficient.

“Many of our clients are looking to leverage Infor EAM when embedding more intelligence in their asset management to drive the performance of their most critical assets,” said Nigel Stacey, Global Lead for Accenture Industry X.

Marty Osborn, Partner at Advoco, said: “Becoming part of the Accenture Industry X family is an incredible opportunity for our clients and our employees. Accenture’s capabilities and expertise enable us to bring more cutting-edge, innovative work to our clients and grow as a team and as individuals. We’re excited to deliver outstanding expertise in the design, consultation and implementation of Infor EAM to even more companies and markets.” For more details, click here.

SoftwareONE Acquires Centiq

SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, has acquired Centiq, a leading UK-based certified SAP Services Partner, an SAP Gold Service Partner, and holder of the Advanced Specialization designation for SAP on Azure with extensive professional and managed services capabilities, particularly in S/4HANA on Microsoft Azure. The acquisition further strengthens SoftwareONE’s fast-growing SAP Services practice in Europe and globally with the addition of a team of highly skilled SAP cloud experts.

“We are thrilled to welcome Centiq to the SoftwareONE organization. Through this acquisition, we are continuing to strengthen our global SAP Services practice and extending our reach in the EMEA market. Centiq’s incredible capabilities will equip our customers with the skilled guidance and solutions required to migrate to the cloud. In addition to the proven capability we are now adding to our global SAP Services practice, I am also greatly impressed by Matt and his leadership team,” said Daniel Da Vinci, Global Practice Leader SoftwareONE SAP Services practice.

Matt Lovell, CEO of Centiq, said: “Becoming part of the SoftwareONE family is an exciting opportunity for both our customers and employees that extends our global reach and enables more organizations to benefit from our market leading SAP on Azure and native Azure expertise. The integration into SoftwareONE’s global SAP Centre of Excellence enables our team to deliver even greater customer success and value, now with multi-lingual, follow-the-sun support. Joining SoftwareONE also further enhances our strategic alliance with Microsoft, amplifying our capabilities and putting Centiq in a stronger position to meet the ever-increasing needs of the market.” For more information on the deal, click here.

About 7 Mile Advisors

7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.

To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website www.7mileadvisors.com.

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