Summit Technology Acquired By Emtec
7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To Summit Technology, Inc. In Their Sale To Emtec, Inc.
7 Mile Advisors advised Summit Technology, Inc. (“Summit” or “Company”) on their sale to Emtec, Inc. (“Emtec”).
Emtec, Inc., a leading consulting firm providing industry-specific transformative digital solutions, announces the acquisition of Summit Technology. Summit Technology, based in Athens, Alabama, is a healthcare-focused, Consulting and Managed Services firm, specializing in Oracle’s HCM, ERP and Cloud applications.
“Summit has a track record of outstanding consulting and managed services within the Oracle PeopleSoft and Taleo space,” said Sunil Misra, President, Emtec. “Additionally, Summit’s deep expertise in the Healthcare industry will enhance Emtec’s ability to serve this rapidly growing market segment.”
“We are proud to be part of the Emtec team and extending our capabilities in application implementations and managed services,” said Carl Hunt, CEO, Summit Technology. “We are also excited to introduce our clients to Emtec’s wide range of services in cloud, mobility and analytics.”
Emtec’s earlier acquisitions of Lucidity and Intelenex created an early mover advantage in implementing Oracle Cloud Applications. This combined with deep mobile, analytics and industry expertise, positions Emtec to be a “partner of choice” in providing complete digital solutions to their clients.
Summit’s management and team will now be part of Emtec’s Global Services group.
About Summit Technology, Inc.:
Summit Technology was founded in 2001 bringing together one of the strongest management and consulting teams in the PeopleSoft marketplace. Summit offers proven solutions to a company’s ERP need with more than 20 years experience in human resources, financial and supply chain applications. Summit’s corporate office is located in Athens, Alabama with regional representation across the nation and services clients worldwide. For more information, visit www.summitsti.com
About Emtec, Inc.:
Emtec provides industry specific transformative digital solutions to world-class organizations in the enterprise, federal, state and local government, and education markets. With offices in 11 cities in the U.S., Canada and India, Emtec is big enough to address client needs but small enough to care. Emtec’s local offices, highly-skilled associates, and global delivery capabilities ensure the accessibility and scale to align client’s technology solutions with their business needs. Emtec’s singular mission is to create “Clients for Life” – long-term relationships that deliver rapid, meaningful, and lasting business value. Emtec’s offerings span the entire IT lifecycle: from Advisory through Packaged, Custom, Mobile and Cloud Applications as well as a variety of Analytic and Infrastructure Services. For more information, visit www.emtecinc.com
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 provide 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