IBM to Acquire Accelalpha from Century Park Capital Partners
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IBM to Acquire Accelalpha from Century Park Capital Partners
Century Park Capital Partners (“Century Park”) is thrilled to announce that International Business Machines Corporation (“IBM”) (NYSE: IBM) has entered a definitive agreement to acquire its portfolio company, Accelalpha, Inc. (“Accelalpha”). This exciting transaction is anticipated to close in the fourth quarter of the upcoming year, contingent on standard closing conditions and regulatory approvals. While the financial specifics of the acquisition remain undisclosed, the potential for growth is evident.
Unveiling Accelalpha's Expertise
Accelalpha stands out as a renowned global provider specializing in Oracle Fusion Cloud Applications consulting, implementation, and managed services. With a highly proficient team that spans across North America, Europe, Asia, the Middle East, and South America, Accelalpha concentrates on delivering exceptional solutions in the distribution, industrial, and financial services sectors. Established in 2009 by its current CEO, Nat Ganesh, Accelalpha has significantly evolved, especially after Century Park's investment alongside the firm's leadership and dedicated employee equityholders back in 2020.
Transformative Growth and Strategic Expansion
Throughout the partnership with Century Park, the Accelalpha team has undergone a remarkable transformation over the past four and a half years. The company enhanced its sales and marketing efforts, adopted a comprehensive ERP system, initiated a managed services practice, and established nearshore and offshore delivery centers. Furthermore, Accelalpha successfully completed four add-on acquisitions, broadening its Oracle service capabilities and solidifying its position as a preeminent firm specializing in Oracle software applications globally. This combination of organic growth and strategic acquisitions has led to an impressive revenue increase, more than quadrupling under the stewardship of Century Park.
Voices from Leadership
Tony Trevino, Partner at Century Park, expressed pride in the accomplishments realized during the partnership. He stated, “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 at Century Park, also shared his perspective, highlighting the fruitful collaboration with founders like Nat Ganesh. He noted, “For 25 years we’ve partnered with founders and pride ourselves on helping them build best-in-class and enduring businesses. Accelalpha is a perfect case study that reflects our commitment to transformative partnerships.”
Accelalpha's Future with IBM
Nat Ganesh, CEO and Founder of Accelalpha, expressed his appreciation for the collaborative approach of Century Park over their partnership. He remarked, “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.” Excitement filled the air as Ganesh recognized the immense potential in joining IBM, a company renowned for its size and reach across more than 175 countries. He stressed, “We’re thrilled to bring our expertise and domain knowledge to the table along with IBM’s strength in AI and hybrid cloud to benefit our joint clients.”
Advisors in the Transaction
Guggenheim Securities, LLC played a pivotal role as the lead financial advisor, with Robert W. Baird & Co. serving as a co-financial advisor, and Winston & Strawn LLP acting as the legal advisor to both Century Park and Accelalpha throughout this substantial transaction.
About Century Park Capital Partners
Established in 2000, Century Park Capital Partners, based in Los Angeles, invests in family-owned businesses, owner-operated firms, and corporate divestments aimed at fueling growth and evolving these enterprises into industry leaders. The firm focuses on strategically positioned yet under-resourced middle-market companies that exhibit identifiable growth potential. Utilizing a network of experienced executive partners, Century Park builds investment theses, assesses opportunities, and leads portfolio companies toward value creation.
About Accelalpha
Accelalpha is recognized for addressing critical business challenges through an exceptional blend of industry insight, technological prowess, and a distinguished team well-versed in the nuances of their domain. Their end-to-end enterprise solution implementations empower companies to enhance logistic capabilities, optimize sales processes, and modernize supply chains while harnessing the advantages of cloud technology. Accelalpha is proud to be recognized by Fortune as a leading workplace and holds certifications as a great place to work.
Frequently Asked Questions
What is the significance of IBM acquiring Accelalpha?
This acquisition highlights the growth strategy for IBM, allowing Accelalpha to leverage IBM's extensive resources while enhancing service capabilities.
What impact did Century Park have on Accelalpha?
Century Park played a crucial role in facilitating Accelalpha's transformative growth by enhancing operations and market presence, resulting in a significant revenue boost.
Who are the key leaders involved in this acquisition?
Key figures include Tony Trevino and Marty Sarafa from Century Park, along with Nat Ganesh, CEO of Accelalpha, who have all expressed confidence in the partnership.
When is the expected closure of the acquisition?
The acquisition is projected to finalize in the fourth quarter of the upcoming year, pending regulatory approvals and closing conditions.
What does Accelalpha specialize in?
Accelalpha specializes in Oracle Fusion Cloud Applications consulting, implementation, and managed services, serving clients in various sectors globally.
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