IT Services Acquisitions in 2017

Professional services firm Alsbridge has acquired network optimisation and IT transformation consultancy Telwares from One Equity Partners. The acquisition adds roughly 60 consultants and expands Alsbridge’s data-driven benchmarking and network procurement capabilities, bringing the firm to about 385,000 networking procurement datapoints.

Magna5, a NewSpring Holdings portfolio company, has acquired Pittsburgh-based managed services provider NetServe365 to expand Magna5's managed IT, security and cloud capabilities. The deal is an add-on to Magna5's platform and aims to strengthen security, monitoring and managed services offered to Magna5's predominantly SMB customer base.

Affiliates of private equity firm ZMC acquired a controlling stake in IT Renew, a Silicon Valley–headquartered data center decommissioning and IT lifecycle management provider. The investment is intended to support IT Renew’s continued innovation in data security and data center lifecycle management, with Aidin Aghamiri named CEO and founder Mostafa Aghamiri remaining as Chairman.

ALTEN Calsoft Labs, part of the ALTEN Group, has acquired Premier Logic, a US-based digital transformation and product engineering consultancy. The acquisition expands ALTEN Calsoft Labs' digital capabilities and strengthens its presence in US markets by adding Premier Logic's product design, prototyping and digital delivery expertise.

SharedLabs, Inc. has acquired iTech US, Inc. and its wholly owned subsidiary SmartWorks, LLC from iTech's shareholders, with iTech founder Kishore Khandavalli moving to a board-level role at SharedLabs. The acquisition expands SharedLabs' IT consulting, software services and staff-augmentation capabilities and adds iTech's expertise across the full IT lifecycle.

Attain, a McLean, Virginia-based management, technology and strategy consulting firm, has acquired Reston-based ACF Solutions, a cloud-focused CRM implementation provider serving higher education, non-profit and government clients. ACF will operate as a wholly-owned subsidiary (ACF Solutions, An Attain Company) with co-founder Kristin Sharpe continuing to lead as Managing Director, enabling Attain to expand its Salesforce delivery capabilities and scale cloud-based offerings.

CGI completed an all-cash acquisition of Pittsburgh-based Summa Technologies, Inc., a high-end IT consultancy specializing in digital experience, agile software development, mobility and user experience design. The deal adds nearly 200 professionals to CGI's U.S. workforce and expands CGI's capabilities and presence in the Pittsburgh market while bringing Summa's commercial expertise across banking, retail, manufacturing and healthcare into CGI's U.S. operations.

Park Place Technologies has acquired NCE Group Limited, a UK-based provider of third-party data center maintenance and repair, in what Park Place described as the largest acquisition in the company's history. The deal (terms not disclosed) adds more than 280 employees, expands Park Place's European footprint and broadens its post-warranty hardware maintenance capabilities.

Concentrix, a wholly owned subsidiary of SYNNEX Corporation, has closed its acquisition of Tigerspike, a digital products and strategy firm. The deal expands Concentrix's digital capabilities by adding Tigerspike's experience design, mobile and systems-integration expertise and a global team of more than 300 employees.

Private funds affiliated with H.I.G. Capital agreed to acquire NCI, Inc. in an all-cash transaction valued at approximately $283 million (tender offer of $20.00 per share). The transaction will take NCI private after a tender offer and second-step merger and is intended to accelerate NCI’s growth and expand its capabilities in AI, agile software development and federal IT delivery.

NexusTek, a Denver-area IT services and consulting firm, acquired Phoenix-based CyberTrails from Republic Financial Corporation to expand its regional footprint and technical capabilities. The deal establishes a Phoenix office and augments NexusTek's onsite and remote IT support, help desk and NOC capabilities to better serve SMB clients in the Western United States.

Park Place Technologies has acquired Prestige Data Centre Solutions (Prestige Systems), a UK-based IT infrastructure and data center services provider located near Birmingham, England. The purchase expands Park Place's engineering and service footprint across the UK and EMEA to support data centers; terms were not disclosed. Prestige co-founders John and Elaine Dawson, James Coyle and Mark Jones will be leaving the business following the transaction.

KPMG has acquired ToMont Solutions, a Canadian Oracle Enterprise Performance Management (EPM) and OBIEE consulting practice. The acquisition brings ToMont's EPM, OBIEE and cloud implementation capabilities and staff into KPMG's Advisory practice to enhance its Financial Management, ERP and finance-transformation offerings in Canada; ToMont's co‑founders and senior leaders will join KPMG's Advisory practice. 7 Mile Advisors acted as exclusive sell-side advisor to ToMont.

Kerr Consulting, a PE-backed Sage reseller and IT services firm, has acquired Atlanta-based Software Link, a long-standing Sage partner focused on Sage X3, 100, 500, HRMS and Business Works. The deal—completed with support from majority investor Proviso Capital—adds geographic presence, Sage expertise and the Software Link team while the selling owner, Stanley Kania, remains highlighted as the transaction seller.

Digital West Networks acquired Norcast Telecom Networks to create the California Central Coast's largest business infrastructure provider, combining roughly 60 employees and more than 2,500 customers. The transaction was advised by Auctus Capital Partners and financed in part with mezzanine debt and a minority equity investment from Farragut Capital Partners.

Accenture has acquired InvestTech Systems Consulting, a Los Angeles-based specialist in investment technology systems integration and consulting, to expand its asset-management consulting and systems-integration capabilities. Financial terms were not disclosed; 7 Mile Advisors served as InvestTech’s exclusive sell-side advisor.