Century Park Capital Partners Pending Sale of Accelalpha to IBM
Century Park Capital Partners has announced that IBM (NYSE: IBM) has entered into a definitive agreement to acquire its portfolio company, Accelalpha. The transaction is expected to close in Q4 2024, subject to customary conditions. Accelalpha, founded in 2009, is a leading global provider of Oracle Fusion Cloud Applications consulting, implementation, and managed services.
Since Century Park's investment in 2020, Accelalpha has undergone significant transformation, including investments in sales & marketing, implementation of an ERP system, establishment of managed services, and creation of nearshore and offshore delivery centers. The company also completed four add-on acquisitions, expanding its Oracle service capabilities globally. As a result, Accelalpha's revenue more than quadrupled under Century Park's ownership.
Century Park Capital Partners ha annunciato che IBM (NYSE: IBM) ha stipulato un accordo definitivo per acquisire la sua azienda in portafoglio, Accelalpha. Si prevede che la transazione si chiuda nel Q4 2024, soggetta alle consuete condizioni. Accelalpha, fondata nel 2009, è un fornitore globale leader di consulenza, implementazione e servizi gestiti per Oracle Fusion Cloud Applications.
Da quando Century Park ha investito nel 2020, Accelalpha ha subito una trasformazione significativa, inclusi investimenti in vendite e marketing, implementazione di un sistema ERP, istituzione di servizi gestiti e creazione di centri di consegna nearshore e offshore. L'azienda ha anche completato quattro acquisizioni aggiuntive, ampliando le sue capacità di servizio Oracle a livello globale. Di conseguenza, i ricavi di Accelalpha sono più che quadruplicati sotto la proprietà di Century Park.
Century Park Capital Partners ha anunciado que IBM (NYSE: IBM) ha llegado a un acuerdo definitivo para adquirir su empresa en cartera, Accelalpha. Se espera que la transacción se cierre en Q4 2024, sujeta a condiciones habituales. Accelalpha, fundada en 2009, es un proveedor global líder de consultoría, implementación y servicios administrados para Oracle Fusion Cloud Applications.
Desde la inversión de Century Park en 2020, Accelalpha ha pasado por una transformación significativa, incluyendo inversiones en ventas y marketing, implementación de un sistema ERP, establecimiento de servicios administrados y creación de centros de entrega nearshore y offshore. La empresa también completó cuatro adquisiciones adicionales, ampliando sus capacidades de servicio Oracle a nivel mundial. Como resultado, los ingresos de Accelalpha se cuadruplicaron bajo la propiedad de Century Park.
센추리 파크 캐피탈 파트너스는 IBM (NYSE: IBM)이 포트폴리오 회사인 Accelalpha를 인수하기 위한 확정적인 계약을 체결했다고 발표했습니다. 거래는 통상적인 조건에 따라 2024년 4분기(Q4)에 마무리될 것으로 예상됩니다. 2009년에 설립된 Accelalpha는 Oracle Fusion Cloud Applications에 대한 컨설팅, 구현 및 관리 서비스의 세계적 선도 제공업체입니다.
센추리 파크의 2020년 투자 이후 Accelalpha는 매출 및 마케팅에 대한 투자, ERP 시스템 구현, 관리 서비스 설립 및 근접 및 해외 배달 센터 생성 등 상당한 변화를 겪었습니다. 이 회사는 또한 4개의 추가 인수를 완료하여 Oracle 서비스 능력을 전 세계적으로 확대했습니다. 그 결과 Accelalpha의 수익은 센추리 파크 소유 아래에서 4배 이상 증가했습니다.
Century Park Capital Partners a annoncé qu'IBM (NYSE: IBM) a conclu un accord définitif pour acquérir sa société de portefeuille, Accelalpha. La transaction devrait être finalisée au Q4 2024, sous réserve de conditions usuelles. Accelalpha, fondée en 2009, est un fournisseur mondial de premier plan de conseils, d'implémentation et de services gérés pour les Oracle Fusion Cloud Applications.
Depuis l'investissement de Century Park en 2020, Accelalpha a subi une transformation significative, comprenant des investissements dans les ventes et le marketing, la mise en œuvre d'un système ERP, la création de services gérés et la création de centres de livraison nearshore et offshore. L'entreprise a également réalisé quatre acquisitions additives, élargissant ses capacités de service Oracle à l'échelle mondiale. En conséquence, le chiffre d'affaires d'Accelalpha a été multiplié par plus de quatre sous la propriété de Century Park.
Century Park Capital Partners hat angekündigt, dass IBM (NYSE: IBM) eine endgültige Vereinbarung zur Übernahme seiner Portfoliogesellschaft Accelalpha getroffen hat. Die Transaktion soll im Q4 2024 abgeschlossen werden, vorbehaltlich der üblichen Bedingungen. Accelalpha, 2009 gegründet, ist ein weltweit führender Anbieter von Beratungs-, Implementierungs- und Managed Services für Oracle Fusion Cloud Applications.
Seit dem Investment von Century Park im Jahr 2020 hat Accelalpha eine bedeutende Transformation durchlaufen, einschließlich Investitionen in Vertrieb und Marketing, Implementierung eines ERP-Systems, Einrichtung von Managed Services und Schaffung von Nearshore- und Offshore-Delivery-Centern. Das Unternehmen hat außerdem vier ergänzende Übernahmen abgeschlossen, um seine Oracle-Servicefähigkeiten weltweit auszubauen. Infolgedessen hat sich der Umsatz von Accelalpha unter dem Eigentum von Century Park mehr als versechzehntfacht.
- IBM's acquisition of Accelalpha is expected to close in Q4 2024, potentially strengthening IBM's Oracle services portfolio
- Accelalpha's revenue more than quadrupled under Century Park's ownership since 2020
- Accelalpha completed four add-on acquisitions, expanding its global Oracle service capabilities
- The company established managed services and created nearshore and offshore delivery centers, enhancing its service offerings
- None.
Insights
The pending acquisition of Accelalpha by IBM represents a significant business move in the Oracle Fusion Cloud Applications consulting space. While financial details weren't disclosed, the deal's impact is substantial given Accelalpha's impressive growth – revenue more than quadrupled under Century Park's ownership. This acquisition aligns with IBM's strategy to strengthen its cloud consulting capabilities, potentially boosting its competitive position against other major tech consultancies. For IBM shareholders, this could translate to enhanced service offerings and revenue streams in the lucrative cloud applications market. However, the long timeline until the expected close in Q4 2024 introduces some uncertainty. Investors should monitor for any regulatory hurdles or market changes that could affect the deal's completion.
IBM's move to acquire Accelalpha is a strategic play in the rapidly growing Oracle Cloud Applications market. Accelalpha's expertise, particularly in distribution, industrial and financial services sectors, complements IBM's existing capabilities. This acquisition could significantly enhance IBM's ability to offer end-to-end Oracle cloud solutions, potentially accelerating its clients' digital transformation journeys. The deal also highlights the increasing importance of specialized cloud application knowledge in the tech consulting landscape. For the broader tech industry, this signals a trend of larger firms acquiring niche experts to bolster their cloud service portfolios. The integration of Accelalpha's nearshore and offshore delivery centers could also improve IBM's global delivery capabilities, potentially leading to more competitive pricing and faster project turnarounds.
This acquisition reflects the growing demand for specialized cloud application services in the enterprise market. Accelalpha's focus on Oracle Fusion Cloud Applications positions IBM to capture a larger share of this expanding market segment. The deal's timing is notable, coming as many enterprises are accelerating their digital transformation efforts post-pandemic. Accelalpha's impressive growth trajectory – quadrupling revenue under Century Park's ownership – suggests strong market demand for its services. For investors, this move by IBM indicates a commitment to expanding its high-value consulting services, which could potentially lead to improved profit margins. However, the tech consulting market is highly competitive and the success of this acquisition will largely depend on IBM's ability to retain Accelalpha's talent and effectively integrate its capabilities into its existing service offerings.
Accelalpha is a leading global provider of Oracle Fusion Cloud Applications consulting, implementation and managed services. Its highly skilled team serves clients across
In partnership with Century Park, the Accelalpha team transformed the business over the last four and a half years. The Company invested more heavily in sales & marketing, implemented a robust ERP system, started a managed services practice, and created nearshore and offshore delivery centers. In addition, the Company completed four add-on acquisitions, expanding Accelalpha’s Oracle service capabilities to become one of the preeminent Oracle software application consulting firms across the globe. Through this combination of organic growth and acquisitions, Accelalpha’s revenue more than quadrupled under Century Park’s ownership.
Tony Trevino, Partner with Century Park, commented, “We’re incredibly proud of what the Accelalpha team has accomplished during our partnership and feel privileged to have been part of this journey. The future is bright for Accelalpha, particularly as they join forces with an organization with the depth of capabilities and reputation of IBM.”
Marty Sarafa, Managing Partner with Century Park, added, “For 25 years we’ve partnered with founders like Nat Ganesh and pride ourselves on helping them build best-in-class and enduring businesses. Accelalpha is a perfect case study. The transformation that took place during our partnership took incredible drive and determination, and we are grateful for the tireless effort the entire Accelalpha organization put into making this a successful outcome.”
“I greatly appreciate the partnership we have built with Century Park over the last four and half years. Century Park promised to be collaborative, supportive, and to put the culture and employees at the forefront of our strategy. They delivered on that promise,” said Nat Ganesh, CEO and Founder of Accelalpha. “We are excited to be joining IBM, with its long-established scale and reach in more than 175 countries. We can’t imagine a better fit for the next stage of our growth and we’re thrilled to bring our expertise and domain knowledge to bear together with IBM’s strength in AI and hybrid cloud to benefit our joint clients."
Guggenheim Securities, LLC served as lead financial advisor, Robert W. Baird & Co. served as co-financial advisor, and Winston & Strawn LLP served as legal advisor to Century Park and Accelalpha in this transaction.
About Century Park Capital Partners:
Century Park Capital Partners is a
About Accelalpha:
Accelalpha is a leader in solving critical business challenges through a unique combination of industry insight, technology depth, and a world-class team with an unmatched level of experience and domain expertise. Accelalpha leverages its expertise in end-to-end enterprise solution implementations to help companies build integrated logistic capabilities, optimize sales processes, modernize the supply chain, and realize benefits of the cloud. Our rigorous, result-oriented approach to developing solutions allows us to deliver tangible results in a shorter time frame. Accelalpha is recognized by Fortune as a best small and medium workplace and certified as a great place to work. For more information on Accelalpha, please visit www.accelalpha.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240910686323/en/
Century Park Capital Partners
Matt Minnaugh
Director of Business Development
(310) 867-2216
mminnaugh@cpclp.com
or
Marty Sarafa
Managing Partner
(310) 867-2220
msarafa@cpclp.com
or
Tony Trevino
Partner
(310) 867-2214
ttrevino@cpclp.com
Source: Century Park Capital Partners
FAQ
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