CLEVELAND - April 13, 2021 - (Newswire.com)
Accelalpha, a portfolio company of Century Park Capital Partners, announced it has completed its acquisition of Key Performance Ideas (KPI), a leading managed services and IT consulting firm.
The transaction was facilitated by IT ExchangeNet, a global leader in smaller mid-market mergers and acquisitions focusing on IT Services businesses, MSSPs, MSPs, Microsoft, and Oracle channel partners.
The acquisition will bolster Accelalpha's Oracle cloud application consulting services as part of the company's drive to expand its comprehensive, holistic and integrated Oracle Cloud solutions while simultaneously strengthening the firm's multi-pillar Oracle Cloud managed services business.
"As an Oracle Managed Services Provider," said Nate Coate, Founder and CEO of KPI, "ITX attracted more than 80 qualified buyers during our process. Their knowledge of the IT industry, along with a disciplined process and ITX's extensive network of buyers, resulted in a favorable outcome with Accelalpha."
The addition of KPI, known for its expertise in the implementation and management of Oracle Enterprise Performance Management (EPM) solutions, strengthens Accelalpha's enterprise transformation capabilities for Oracle Cloud Customers. The two companies with expert reputations for cloud deployments, will deliver integrated solutions including Oracle ERP and EPM that align with Oracle's integrated business planning strategy.
"By joining together Accelalpha and KPI, we become an organization that can implement, integrate and manage all of the Oracle cloud applications to deliver the comprehensive solutions our customers want and need," said AccelAlpha CEO, Nat Ganesh.
About Accelalpha:
Founded in 2009, Accelalpha is a premier Business and IT consulting firm providing services across a breadth of industries including retail, high tech, industrial manufacturing, financial services, aerospace, and defense. The Company is an 'Oracle Cloud Excellence' partner with a primary focus on providing end-to-end enterprise solutions leveraging Oracle ERP, EPM, OTM, GTM, CX and WMS software. Accelalpha is recognized for its rigorous, results-oriented approach in deployment of solutions that deliver tangible results in a short 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: www.accelalpha.com.
About KPI
Established in 2005, KPI is a premier managed services and IT consulting firm providing support across a breadth of industries including consulting, distribution, education, entertainment, financial services, health care, high tech, insurance, manufacturing, real estate, and utilities. The company is an Oracle Partner with primary focus on the Enterprise Performance Management suite of products. For more information on KPI: www.keyperformanceideas.com.
About IT ExchangeNet (ITX):
Founded in 1998 by technology CEOs and M&A professionals, IT ExchangeNet (ITX) was acquired by martinwolf in January of 2021. The creates a globally recognized provider of M&A advisory services for transactions spanning $5 to 500 million, with both companies each having more than 20 years of experience in the IT mid-market space.
IT ExchangeNet owns a network of more than 50,000 global IT decision makers. Focusing on smaller companies that are historically ignored by large investment banks and M&A advisors, ITX leverages industry knowledge and relationships to work with companies that are ready to be sold, and buyers that are ready to buy. Specific segments of the IT industry served include: Managed IT Services, MSSPs, software as a Service (SaaS), Hosting, Infrastructure as a Service (IaaS), Cyber Security, IT Services, Software Development, and Big Data.
To learn more about ITX: www.itexchangenet.com
Press Release Service by Newswire.com
Original Source: IT ExchangeNet Facilitates Accelalpha's Acquisition of Key Performance Ideas
