Industry Related TransactionsAKA Enterprise Solutions Acquired by HSO, a Carlyle Group Portfolio Company
Sellside Advisor to AKA Enterprise Solutions
7 Mile Advisors Acted as Exclusive Sellside Advisor to AKA Enterprise Solutions in Their Sale to HSO, a Carlyle Group Portfolio Company
CHARLOTTE, NC — 7 Mile Advisors (7 Mile) is pleased to announce that AKA Enterprise Solutions (AKA), a leading Microsoft Dynamics 365 Partner based in New York City, has been acquired by HSO, a global Microsoft cloud business applications partner. The acquisition will further expand HSO’s North American operations and strengthen its global service delivery capabilities.
The acquisition of AKA is HSO’s first major acquisition since receiving significant investment from global investment firm The Carlyle Group (NASDAQ: CG) in August 2019. The transaction is an important milestone in the execution of HSO’s strategy to strengthen its position as the global partner of choice for business transformation leveraging Microsoft’s cloud business applications. After the acquisition, Alan Kahn and Jack Ades will lead HSO’s combined operations in the United States.
“We continue to be very excited about the momentum that Microsoft and their partner ecosystem are realizing in the market. AKA is a longstanding, preeminent Microsoft Dynamics partner focused on core business transformation, we are thrilled to see their combination with HSO,” said 7 Mile Advisors Partner, Leroy Davis.
AKA Enterprise Solutions is a Gold certified Dynamics 365 consulting partner that leverages the full power of the Microsoft solution stack to deliver digital transformation to enterprise clients in North America. The company was founded over 20 years ago by Alan Kahn and Jack Ades, AKA’s co-CEOs.
Alan Kahn comments, “HSO is the ideal partner for AKA to achieve our ambitious targets of national and international growth. We are very excited by the joint journey ahead and are pleased to join a company that shares our value of achieving results for our clients through teamwork. We look forward to leveraging HSO’s complementary industry expertise and international delivery capabilities to serve our clients even better.”
7 Mile Advisors acted as the exclusive sellside advisor to AKA. This successful acquisition marks 7 Mile’s fifth Tech-enabled Business Services transaction since April of this year. The Charlotte, NC-based investment bank continues to scale its team, adding a Vice President of Business Development and three new Analysts, in response to an increased market demand. To hear more about how deals are continuing to get done during the COVID-19 pandemic, listen to the firm’s recent Deal Talk with 7MA podcast episode.
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, as well as 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.
About AKA Enterprise Solutions
As a Microsoft Gold Certified Partner and long-standing member of the Inner Circle, AKA Enterprise Solutions has worked for over 20 years helping organizations transform their workplace by leveraging Microsoft’s business applications and technology platform.
Microsoft Dynamics 365 solutions are at the center of AKA’s clients’ digital transformation strategies. AKA delivers highly verticalized industry-leading consulting, implementation, integration, development and managed services. Core sectors are Financial Services, Media & Entertainment, Government and Non-profit.
AKA is at the pinnacle of the Dynamics partner channel in terms of reputation, recognition and volume of business. The two business owners have twice been recognized by Microsoft with the Eagle Award, which recognizes an individual or company who has made the most significant contribution to the Dynamics community in a given year.
About HSO
HSO is a leading provider of innovative enterprise business solutions that improve the results of our clients. They specialize in implementing, integrating, optimising, and maintaining ERP & CRM and Data & AI solutions based on Microsoft Dynamics 365, Microsoft Power Platform, Microsoft 365, and Azure Cloud Services.
HSO works with national and multinational enterprises in the Retail, Distribution, Manufacturing, and Services sectors to deliver Digital Transformation projects and ongoing systems maintenance, support, and management; delivering tangible business benefits and have achieved the highest Microsoft customer satisfaction rating of all Dynamics Partners worldwide.
About The Carlyle Group
Founded in 1987 in Washington, DC, The Carlyle Group is one of the world’s largest and most successful investment firms with more than $220 billion of assets.
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