Industry Related TransactionsZilker Technology Acquired by EY
Sellside Advisor to Zilker Technology
7 Mile Advisors Acts as Exclusive Sellside Advisor to Zilker Technology in Their Sale to EY
The acquisition will strengthen EY’s ability to meet the increased demand for e-commerce, digital applications, enterprise integration, and cloud services
CHARLOTTE, NC — 7 Mile Advisors (“7 Mile”) is pleased to announce that Zilker Technology (“Zilker”), an expert digital consultancy and systems integrator, has been acquired by Ernst & Young LLP (“EY US”). The acquisition will help elevate EY’s global ecommerce, digital, and cloud capabilities. As businesses continue to tackle large-scale transformation initiatives, this acquisition offers EY clients the unique ability to build engaging, technology-enabled marketing solutions focused on data-driven, personalized customer experiences. 7 Mile acted as the exclusive sellside advisor to Zilker throughout the transaction.
“If e-commerce was important pre 2020, it’s critical now. Digitally connected customer experiences are central to virtually all enterprises. Zilker has innovated in this area since their inception and will continue as a part of EY,” says Leroy Davis, 7 Mile Advisors Partner.
Zilker is a digital consultancy and systems integrator focused on creating lasting and valuable customer experiences, with deep sector experience in consumer products, healthcare, financial services, energy, and utilities. Based in Austin, TX, Zilker’s 360 employees in the US, Canada, Serbia, and India will join the Digital and Emerging Technologies group.
“Our mission has always been to be a catalyst for growth, aiming to drive material business impact for our clients,” says Rob Thomas, Managing Partner and CEO of Zilker Technology. “Joining the EY organization further enables us to live out this goal and create long-term value for leading organizations across the world.”
The acquisition will also serve to enhance how EY teams deliver services through the EY alliance ecosystem. Zilker had developed its own strategic relationships with existing EY alliance organizations, including Adobe, IBM, and Dell Boomi. Through these important alliance relationships, EY is able to merge technologies and insights to help clients digitally transform to be more agile, resilient, and innovative.
“The EY-Adobe Alliance has been on a terrific growth trajectory, focused on helping clients build integrated, intuitive and engaging customer experiences,” said Tony Sanders, Senior Director, Americas Partner Sales at Adobe. “The combination of EY and Zilker Technology brings even more power and capabilities to our joint customers and we’re excited about the possibilities.”
The increased adoption rate of digital commerce due to the COVID-19 pandemic is creating noticeable tailwinds in the E-commerce ecosystem for consultants and service providers. The need to execute on these capabilities at a larger scale is driving acquisition interest from both strategic acquirors and investors in the space. For more information on how 7 Mile is serving this market, or for more information on recent transactions, please visit 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, 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.
IT Services M&A Transactions | Consumer M&A Transactions | LatAm M&A Transactions | Eastern Europe M&A Transactions | Healthcare M&A Transactions | Insurance M&A Transactions
