Absolunet Acquired By Valtech
Sellside Advisor To Absolunet
7 Mile Advisors Announces Absolunet Has Been Acquired By Valtech
The acquisition will help Valtech meet the surge in demand for Commerce and digital experiences.
CHARLOTTE, NC – Absolunet, a Montreal-based professional services firm specializing in commerce and digital transformations, has been acquired by Valtech, a global business transformation agency delivering innovation with a purpose. The acquisition will add Absolunet’s 300 qualified experts to Valtech’s growing team of more than 4,500 strategists, experience designers, marketers, data scientists, creatives, and software engineers spanning five continents with more than 50 offices in 18 countries.
7 Mile Advisors acted as the exclusive sellside advisor to Absolunet throughout the transaction.
“Absolunet built an impressive position in the North American e-commerce market through delivering fantastic customer outcomes and investing in leading technology partnerships with partners such as Adobe, Optimizely, and inriver. It was our pleasure to help the founders and management team engage the M&A market and determine the best party to support Absolunet into the future,” said Andy Johnston, Partner, 7 Mile Advisors.
“Acquiring Absolunet couldn’t come at a better time. More than 300 very qualified people are joining the Valtech family at a moment where demand continues to increase for Commerce and integrated digital experiences, “says Shannon Ryan, Executive Vice President, North America. “Valtech’s clients will benefit from the additional expertise, as we continue to provide end to end Commerce services to the world’s leading brands.”
Founded in 1999, Absolunet’s award-winning Commerce expertise has helped hundreds of brands, retailers, distributors, and manufacturers bridge the Commerce gap. Absolunet was the first Quebec technology company to achieve government certification for creating and maintaining a work-life balance.
“Adding Absolunet to Valtech is the right move and provides an incredible opportunity to continue our development and become the world leader in Commerce,” adds Charles Desjardins, Absolunet CEO. “Moreover, our offices around the world give us access to invaluable know-how, a hugely diverse talent pool, and the opportunity to work with iconic international brands and organizations. Throughout years of growth, our priority has always been our people, our culture, and creating a unique work environment. The more we got to know Valtech, the more we felt like we had found a long-lost family member. We share Valtech’s passion for innovation, entrepreneurial spirit, and collaborating to do excellent work for our clients.”
With Absolunet joining, Valtech is reinforcing its leadership on many of the major Commerce platforms in the market, including Adobe, Salesforce, commercetools, Optimizely, SAP, and VTEX. In addition to that, Valtech is further deepening its expertise in enabling businesses to scale their Commerce channels, including customer experience strategy, marketing automation, customer data platforms, data analytics, personalization, merchandising, product information management (PIM), order management (OMS), digital asset management (DAM), and media networks orchestration.
7 Mile Advisors is a leading investment bank in the digital commerce space. In the past 18 months, the firm has completed eight notable digital commerce transactions including EY’s acquisition of Zilker Technology, Argano’s acquisition of United Virtualities, and Genpact’s acquisition of Something Digital, among others. For more information on recent M&A transactions and trends across the IT Services ecosystem, visit www.7mileadvisors.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 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.
Valtech is a global business transformation agency delivering innovation with a purpose. We enable clients to anticipate tomorrow’s trends and connect more directly with consumers across their digital and physical touchpoints while optimizing time-to-market and ROI.
Valtech is a globally positioned network established in 1993 combining innovators, design thinkers, marketers, creatives and developers spanning 5 continents with 50+ offices in 18 countries (Argentina, Brazil, Canada, China, Denmark, France, Germany, India, Mexico, Netherlands, North Macedonia, Singapore, Sweden, Switzerland, Ukraine, United Arab Emirates, United Kingdom, United States).
While our expertise is experience design, technology, and marketing, our passion is in addressing transformational business challenges for our clients. Challenges where we re-imagine the customer journey and build new connected experiences. Challenges where we make data work in this new era and help our clients transform the way they operate.
Our services include strategy consulting, service design, technology services, and optimization of business-critical digital platforms for multichannel Commerce and marketing.
For more information, visit VALTECH.COM