Like EvenFlow Solutions

closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
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closed 4/6/2022 via BusinessWire

ARx Healthcare merged with Aspirion,

synopsis: Aspirion, a leader in technology-enabled healthcare revenue cycle management, has combined with ARx, a revenue cycle management company dedicated to improving revenue cycle management financial performance for Healthcare Providers.
buyer parent: Aquiline Capital Partners
buyer: Aspirion
Aspirion helps hospitals and physicians recover otherwise lost claims revenue from motor vehicle accidents, workers compensation, the Veteran’s Administration, and Tricare as well as out-of-state Medicaid, Medicaid eligibility, underpayments, and denials. "
target: ARx Healthcare
ARx is a revenue cycle management company dedicated to improving revenue cycle management financial performance for Healthcare Providers. The company was founded in 1997 and has over 100 healthcare professionals on staff helping to resolve claims for their hospital and provider clients.
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closed 3/2/2022 via GlobeNewswire

AQuity Solutions, acquired Acusis LLC

synopsis: AQuity Solutions, a leading provider of virtual solutions for real-time clinical documentation, medical coding, and mid-revenue cycle offerings, has acquired Acusis, a provider partner of outsourced Revenue Cycle Management (RCM), clinical documentation and technology solutions to healthcare organizations.
buyer: AQuity Solutions
AQuity Solutions delivers superior clinical and financial results to healthcare provider clients through virtualized services. AQuity employs over 7,000 specialists for medical transcription, medical coding, virtual scribing, interim management, and medico-legal document preparation services. "
target: Acusis LLC
Acusis is a nationwide provider partner of outsourced Revenue Cycle Management, Clinical Documentation and Technology solutions to healthcare organizations. Acusis consistently delivers meaningful clinical documentation to support organizations’ core initiatives.
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closed 2/23/2022 via BNC Analysis

DHR Global, acquired Westmont Search

synopsis: DHR Global, one of the largest retained executive search firms in the world, has acquired Westmont Search, a healthcare executive search firm. Westmont Search helps healthcare providers to find the leadership they need to meet the demands of the industry. They specialize in placing leadership positions in finance, operations, IT and management.
buyer: DHR Global
DHR Global is one of the largest retained executive search firms in the world. DHR Global provides executive search, leadership consulting and emerging leader search solutions from their 50+ locations across the globe. They provide tailored services to clients in over 20 industries. "
target: Westmont Search
Westmont Search is a healthcare executive search firm. Westmont Search helps healthcare providers to find the leadership they need to meet the demands of the industry. They specialize in recruiting and placing leadership positions in finance, operations, information technology and management.
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announced 2/3/2022 via BusinessWire

Baker Tilly Investment Advisors, LLC, will acquire Orchestrate Healthcare

synopsis: Baker Tilly US, LLP, a leading advisory CPA firm, will acquire Orchestrate Healthcare, a healthcare IT professional services and consulting firm. Orchestrate helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
buyer: Baker Tilly Investment Advisors, LLC
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax, and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them achieve success and anticipate the future. "
target: Orchestrate Healthcare
Orchestrate Healthcare is a healthcare IT professional services and consulting firm. Orchestrate Healthcare helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
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closed 7/23/2021 via PR Newswire

Achieve Partners, acquired Optimum Healthcare IT

synopsis: Optimum Healthcare IT, which provides Best in KLAS healthcare IT staffing and consulting services to more than 150 of the nation's largest hospitals, has been acquired by Achieve Partners. The sale represents the first investment of Achieve's Putting America Back to Work Fund, which leverages apprenticeships to create faster pathways to good jobs.
buyer: Achieve Partners
Achieve Partners is engineering the future of learning and earning by investing in cutting-edge technologies and novel business models to bolster skill development and secure the future of work for millions of Americans. "
target: Optimum Healthcare IT
Optimum Healthcare IT is a Best in KLAS healthcare IT staffing and consulting services firm. Optimum provides world-class professional staffing services to fill any need as well as consulting services that encompass advisory, EHR implementation, training and activation, managed services, and more.
price ($mm)
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announced 8/7/2019 via BusinessWire

Guidehouse, will acquire Navigant Consulting

synopsis: Guidehouse, a leading provider of management consulting services to government clients, will be acquiring Navigant Consulting, Inc., a specialized, global professional services firm that helps clients take control of their future through advisory, consulting, outsourcing, and technology/analytics services.
buyer parent: Veritas Capital
buyer: Guidehouse
Guidehouse is a leading provider of strategic advisory services to customers such as the Department of Defense, Homeland Security, Veterans Affairs, Health and Human Services, and the Department of State, as well as numerous state and local governments and multilateral agencies. "
target: Navigant Consulting (NCI:$728.72)
Navigant Consulting is a specialized, global professional services firm that helps clients take control of their future. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant brings sharp insight that pinpoints opportunities and delivers powerful results.
price ($mm)[EV]
$1,121 [$1,134]
rev ($mm)
$729
EBITDA ($mm)
$71
EV / rev
1.6x
EV / EBITDA
16.2x
closed 7/9/2019 via BusinessWire

Healthcare Financial Resources, Inc, acquired PARA Healthcare Financial Services

synopsis: Healthcare Financial Resources (HFRI), a leader in healthcare accounts receivable (AR) recovery and resolution management, has acquired PARA HealthCare Financial Services, a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations.
buyer parent: Housatonic Partners
buyer: Healthcare Financial Resources, Inc
Healthcare Financial Resources, Inc is a leader in accounts receivable recovery and resolution and works as a virtual extension of a hospital's central billing office. HFRI helps to resolve and collect insurance accounts receivable and improves operating margins through a collaborative partnership. "
target: PARA Healthcare Financial Services
PARA HealthCare Financial Services is a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations. PARA's solutions for the revenue cycle process provide a staff of specialists and online tools.
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announced 5/29/2019 via PR Newswire

Golden Gate Capital, will acquire Ensemble Health Partners

synopsis: Ensemble Health Partners, a leading national revenue cycle management provider, will be acquired by Golden Gate Capital, a leading private equity investment firm. Ensemble partners with hospitals across the United States to create real and lasting value through revenue cycle outsourcing and other services aimed at improving healthcare operations.
buyer: Golden Gate Capital
Golden Gate Capital is a privately held enterprise with over $15 billion in committed capital. They operate as a private holding company and recapitalize, restructure, and ultimately build meaningful businesses in partnership with management over an indefinite time horizon. "
target parent: Bon Secours Mercy Health
target: Ensemble Health Partners
Ensemble Health Partners specializes in full revenue cycle outsource solutions, denials and underpayments, analytics and workflow optimization, Epic optimization, and management services designed to identify immediate wins and create sustainable solutions that ensure long-term results.
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closed 12/12/2018 via PR Web

ChrysCapital, acquired GeBBS Healthcare Solutions

synopsis: GeBBS Healthcare Solutions, a leading national provider of Revenue Cycle Management solutions for the healthcare industry, announced that ChrysCapital, a marquee Indian private equity fund with a global technology services footprint, has acquired a majority stake in the company.
buyer: ChrysCapital
ChrysCapital is one of the largest and most successful India-focused private equity firms. They have made over 80 investments and has delivered over 65 exits across a number of sectors including in Business Services, Financial Services, Pharmaceuticals, Healthcare and Consumer. "
target: GeBBS Healthcare Solutions
GeBBS Healthcare Solutions is a leading technology-enabled provider of revenue cycle management solutions. They help clients improve performance, compliance, and patient satisfaction. Their solutions include Health Info Management, Revenue Management, Patient Access and Risk Adjustment Solutions.
price ($mm)
$140*
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closed 11/19/2018 via Company Press Release

Pine Tree Equity Partners, acquired RevMD Partners

synopsis: Pine Tree Equity Partners, a private equity firm, has recapitalized RevMD Partners, a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
buyer: Pine Tree Equity Partners
Pine Tree Equity Partners is a private equity firm focused on the investment in and expansion of small capitalization companies, with revenue of $10 million to $50 million, in partnership with management. "
target: RevMD Partners
RevMD Partners is a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
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closed 3/12/2018 via BNC Analysis

Gulf Capital, acquired Accumed Practice Management

synopsis: Gulf Capital, an alternative asset management company, acquired a controlling stake in healthcare sector-focused technology firm, Accumed Practice Management. Dubai-based AccuMed is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE.
buyer: Gulf Capital
Based in the Emirate of Abu Dhabi, the capital of the United Arab Emirates, Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt business. "
target: Accumed Practice Management
AccuMed Practice Management is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE and the Middle East.
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closed 12/13/2017 via Company Press Release

ALKU, acquired Holland Square Group

synopsis: ALKU, a highly specialized consulting services firm, announced the acquisition of Holland Square Group, a leading Healthcare IT consulting services provider specializing in the Cerner ecosystem. Holland Square provides IT consulting and staffing services to a diverse range of healthcare clients, including payers and healthcare services providers.
buyer: ALKU
ALKU is a specialized consulting services firm, focused on deploying highly skilled consulting resources in the areas of ERP, Health Care Information Technology, Life Sciences, and Government Programs. "
target: Holland Square Group
Holland Square Group provides a broad range of technology services for healthcare clients – providers, payers, and companies specializing in related products and services within the healthcare ecosystem. Holland Square provides IT consulting and staffing services.
price ($mm)
rev ($mm)
$26
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/28/2017 via Company Press Release

Altaris Capital Partners, acquired AGS Health Private Limited

synopsis: Altaris Capital Partners, LLC recapitalizes AGS Health in partnership with its founder, Devendra Saharia, and existing shareholder, MTS Health Investors, LLC. AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies.
buyer: Altaris Capital Partners
Altaris is an investment firm focused exclusively on the healthcare industry. Altaris manages $1.3 billion of equity capital and invest in businesses that meet clearly defined healthcare needs. "
target: AGS Health Private Limited
AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies. The Company's services include accounts receivable management, medical coding and transaction processing.
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closed 3/29/2017 via Company Press Release

nThrive, acquired e4e Inc.

synopsis: nThrive,a provider of patient-to-payment healthcare solutions, advisory expertise, and analytics for health care organizations, has acquired e4e Healthcare Services. e4e is a healthcare services outsourcing company that provides IT-enabled and business process management services.
buyer parent: Pamplona Capital Management LLP
buyer: nThrive (MDAS:$764.22)
nThrive is built on a legacy of excellence. From patient-to-payment, they will provide all the technology, advisory expertise, services, analytics and education programs their clients will need to thrive in the communities they serve. "
target: e4e Inc.
e4e Inc., a healthcare services outsourcing company, provides IT-enabled and business process management services. The company offers provider solutions; and payer solutions that include claims management and admin, cost avoidance and audit, and medical record solutions.
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closed 3/2/2017 via BNC Analysis

NexPhase Capital, acquired MedA/Rx

synopsis: NexPhase Capital, a New York City-based private equity firm acquired revenue cycle management solutions provider Charlotte, N.C.-based Med A/Rx. Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional.
buyer: NexPhase Capital
NexPhase Capital is a sector-focused independent private equity firm that makes control investments in lower middle market growth-oriented companies. Their team of 14 investment professionals possesses extensive experience in the healthcare, industrial services, software and consumer industries. "
target: MedA/Rx
Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional. MedA/Rx combines the power of a state-of-the-art accounts receivable management firm with a highly sophisticated healthcare financial consulting team.
price ($mm)
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closed 12/28/2016 via BNC Analysis

Vaco, acquired Greythorn, Inc.

synopsis: National consulting and talent solutions firm, Vaco, announced the formation of Pivot Point Consulting, a Vaco Company. Vaco's healthcare IT division, Vaco Healthcare, acquired Greythorn based in Bellevue, WA. Greythorn is a specialist technology and healthcare IT recruitment consultancy.
buyer parent: Quad-C Management, Inc.
buyer: Vaco
Vaco offers consulting, contract and direct hire solutions in the areas of accounting, finance, technology, healthcare, operations and general administration. Vaco has been on the Inc. 5000 list of the nation's fastest-growing private companies for the last ten years. "
target parent: Bregal Investments
target: Greythorn, Inc.
Greythorn is a specialist technology and healthcare IT recruitment consultancy, placing highly skilled talent across the United States and Canada in full-time and contract roles.
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closed 12/1/2016 via PR Newswire

GTCR, LLC, acquired Revspring

synopsis: GTCR announced that it has completed the acquisition of RevSpring, Inc., a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring helps accelerate revenue through physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools.
buyer: GTCR, LLC
GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. GTCR has invested more than $12 billion in over 200 companies. "
target parent: CIP Capital
target: Revspring
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications.
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closed 10/5/2016 via Market Wire

Medical Transcription Billing, Corp., acquired MediGain Services, Inc.

synopsis: Medical Transcription Billing, Corp., a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced that it has completed the acquisition of MediGain Services, a Texas-based medical billing company.
buyer: Medical Transcription Billing, Corp. (MTBC:$65.19)
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors. "
target: MediGain Services, Inc.
MediGain is a global full-service revenue cycle management and healthcare analytics company devoted to improving billing, collections, and outcomes for healthcare providers and the patients they serve. It was established in 2002.
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closed 5/13/2016 via BNC Analysis

Keizer Solutions Inc., acquired Colonial Valley Software, Inc.

synopsis: Keizer Solutions has announced that it has acquired Colonial Valley Software (CVS). Colonial Valley Software is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
buyer: Keizer Solutions Inc.
Keizer Solutions Inc. is one of the Premier Health care Services provider of medical billing, medical coding, accounts receivable/denial management, credit balance resolution, referral/authorization management, credentialing and business intelligence. "
target: Colonial Valley Software, Inc.
Colonial Valley Software (CVS) is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
price ($mm)
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closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
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closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 12/7/2022 via PR Newswire

Wipfli LLP, will acquire ApostleTech

synopsis: Wipfli LLP, a top accounting and advisory firm, will acquire ApostleTech, a leader in custom customer relationship management (CRM) implementations. ApostleTech specializes in implementing, extending, connecting and supporting Salesforce. Their certified Salesforce experts helps businesses to convert leads into sales.
buyer: Wipfli LLP
Wipfli is a top accounting and advisory firm. Whether clients are looking to streamline their back office, embrace digital transformation or manage disruption, Wipfli delivers personalized services that create a lasting, positive impact. "
target: ApostleTech
ApostleTech is a leader in custom customer relationship management (CRM) implementations. ApostleTech specializes in implementing, extending, connecting and supporting Salesforce. Their certified Salesforce experts helps businesses to convert leads into sales.
price ($mm)
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announced 12/1/2022 via BNC Analysis

Erisbeg Holdings Limited, will acquire Eolas Recruitment Limited

synopsis: Irish private equity firm Erisbeg has agreed to acquire a majority stake in Irish specialist IT recruitment firm Eolas Recruitment Limited from its shareholders. Eolas Recruitment has been successfully placing ambitious IT candidates across many sectors for over 22 years.
buyer: Erisbeg Holdings Limited
erisbeg is an Irish company which acquires and further develops established businesses in Ireland and internationally. erisbeg was founded by a group of very successful entrepreneurs who have built and sold their businesses together with senior industry executives. "
target: Eolas Recruitment Limited
Eolas Recruitment was founded in 1999. Eolas Recruitment has been successfully placing ambitious IT candidates across many sectors for over 22 years. The group specialises in recruitment in both the permanent and contract IT sector across all sectors of business.
price ($mm)
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closed 11/23/2022 via Company Press Release

Globant, Inc., acquired eWave Commerce Australia

synopsis: Globant, a digitally native technology services company, has acquired eWave, a global independent commerce innovator. eWave implements end-to-end digital commerce transformations for clients in various industries. They offer services for Adobe Commerce Cloud, Salesforce, Product Information Management systems, order management systems, and more.
buyer: Globant, Inc. (GLOB:$1,297.08)
Globant, based in Argentina, is a digitally native company where innovation, design and engineering meet scale. They assist their clients in their digital and cognitive transformation by utilizing an ecosystem designed to foster engineering for clients to remain relevant within their industries. "
target: eWave Commerce Australia
eWave is the leading global independent commerce innovator. eWave implements end-to-end digital commerce transformations for clients in various industries. They offer services for Adobe Commerce Cloud, Salesforce, Product Information Management systems, order management systems, and more.
price ($mm)
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closed 11/16/2022 via BNC Analysis

HeadFirst Group, acquired StarApple

synopsis: HeadFirst Group, a leading international HR service provider in the Netherlands, has acquired StarApple, a Dutch recruitment firm specialising in sourcing IT and digital specialists. StarApple connects IT specialists to ambitious companies. They offer talent for various IT specialties, including Microsoft, Oracle, Java, SAP, and more.
buyer: HeadFirst Group
HeadFirst Group is a leading international HR service provider and the largest platform for professionals in the Netherlands. Headfirst offers a diversity of HR solutions: Managed Service Providing, Recruit Process Outsourcing, intermediary services (matchmaking, contracting) and HR consultancy. "
target: StarApple
StarApple is a Dutch recruitment firm specialising in sourcing IT and digital specialists. StarApple connects IT specialists who are looking for the next step in their career to ambitious companies. They offer talent for various IT specialties, including Microsoft, Oracle, Java, SAP, and more.
price ($mm)
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announced 11/10/2022 via BNC Analysis

geechs inc., will acquire Launch Recruitment Pty Ltd

synopsis: geechs inc., a Japanese recruitment company, will acquire a 70% stake in Launch Recruitment, one of Australia's leading recruitment agencies with specialist divisions in IT, Telecommunications and Digital. Launch attracts the best candidates to fulfill their client's needs. They supply contract and permanent staff across entry to c-level roles.
buyer: geechs inc. (TSE:7060:$38.38)
geechs is a Japanese recruitment company that specializes in information technology (IT). geechs provides their clients with aspiring IT professionals that meets their needs. They support IT freelancers by introducing them to the most suitable projects that match their skills, values and life plans."
target: Launch Recruitment Pty Ltd
Launch Recruitment is one of Australia's leading recruitment agencies with specialist divisions in IT, Telecommunications and Digital. Launch attracts the best candidates to fulfill their client's needs. They supply contract and permanent staff across entry to c-level roles.
price ($mm)
$12*
rev ($mm)
$72
EBITDA ($mm)
EV / rev
0.2x
EV / EBITDA
closed 11/9/2022 via BNC Analysis

Cornell Capital LLC, Torquest Partners, acquired S.i. Systems

synopsis: S.i. Systems, a Canadian IT staffing firm and a portfolio company of Quad-C Management, has completed the sale of a majority equity interest to Cornell Capital LLC and Toronto-based TorQuest Partners. S.i.'s web-based matching solution, MatchGuide, provides precision contract and permanent placements for IT and Corporate professionals.
buyer: Torquest Partners
buyer: Cornell Capital LLC
Cornell Capital LLC is a U.S.-based private investment firm with ~$6 billion of AUM and offices in New York and Hong Kong. Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds. "
target parent: Quad-C Management, Inc.
target: S.i. Systems
S.i. Systems is one of Canada's largest IT staffing companies. S.i. Systems created MatchGuide, a proprietary web-based match-making solution to provide precision contract and permanent placements for IT and Corporate professionals.
price ($mm)
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announced 10/20/2022 via BNC Analysis

Kaizen Platform, will acquire Hiwell Inc.

synopsis: Kaizen Platform, a provider of customer experience solutions in Japan, will acquire Hiwell, a Japanese provider of HR and marketing services. Hiwell provides recruitment and IT outsourcing services to help their clients solve their business needs. The company also provides services for corporate website development and video production.
buyer: Kaizen Platform (TSE:4170:$15.19)
Kaizen Platform is a provider of customer experience solutions in Japan. Kaizen offers a full-service, web-based platform that enables businesses to optimize digital customer experiences at scale without utilizing expensive internal resources. "
target: Hiwell Inc.
Hiwell is a Japanese provider of HR and marketing services. Hiwell provides recruitment and IT outsourcing services to help their clients solve their business needs. The company also provides services for corporate website development and video production.
price ($mm)
$530*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/5/2022 via PR Newswire

AtWork Group, will acquire First Call Staffing, Inc.

synopsis: AtWork, a leading staffing franchise in the US, will acquire First Call Staffing, a recruitment company that helps help good people and good companies find each other. First Call Staffing provides temporary and permanent staffing services. They offer candidates for various positions, including office personnel, accounting, IT, and light industrial.
buyer: AtWork Group
AtWork is a leading staffing franchise in the US. AtWork offers staffing services for temporary, temp-to-hire, and direct placements. The company places talented professionals into administrative, light-industrial, medical, home health care, and management level positions. "
target: First Call Staffing, Inc.
First Call Staffing is a recruitment company that helps help good people and good companies find each other. First Call Staffing provides temporary and permanent staffing services. They offer candidates for various positions, including office personnel, accounting, IT, and light industrial.
price ($mm)
rev ($mm)
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announced 10/4/2022 via BNC Analysis

TXT e-solutions SpA, will acquire Soluzioni Prodotti Sistemi S.r.l.

synopsis: TXT e-Solutions, a world leading provider of digital solutions, will acquire Soluzioni Prodotti Sistemi (SPS), a leading ICT services provider in Italy. SPS helps their clients to implement innovative technologies that support and grow their business. They offer services for systems integration, web technologies, ERP solutions, CRM, and more.
buyer: TXT e-solutions SpA (BIT:TXT:$115.20)
Italy-based TXT is a world leader in the supply of software products and strategic solutions. The company provides software for the aerospace, aeronautical, and automotive sectors, as well as solutions related to testing and IT governance for the Fintech sector. "
target: Soluzioni Prodotti Sistemi S.r.l.
Soluzioni Prodotti Sistemi (SPS) is a leading ICT services provider in Italy. SPS helps their clients to implement innovative technologies that support and grow their business. They offer services for systems integration, web technologies, ERP solutions, CRM, and more.
price ($mm)
$6.26
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2022 via GlobeNewswire

Interpublic Group of Companies, Inc., acquired RafterOne

synopsis: Interpublic Group, one of the world's leading organizations of advertising agencies and marketing services companies, announced that it has acquired RafterOne, a leading global provider of multi-cloud commerce solutions on the Salesforce platform.
buyer: Interpublic Group of Companies, Inc. (NYSE: IPG:$10,778.30)
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Their companies specialize in consumer advertising, digital marketing, communications planning and media buying, public relations and specialty marketing. "
target: RafterOne
RafterOne is a team of solution builders focused on constructing end-to-end, multi-cloud commerce experiences for the Salesforce Platform. RafterOne works with brands to architect and implement scaled Salesforce solutions that connect brands with customers through end-to-end commerce experiences.
price ($mm)
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EV / EBITDA
closed 9/30/2022 via Company Press Release

Randstad Holding NV, acquired Finite Recruitment

synopsis: Randstad NV, the global leader in the HR services industry, announces that Randstad Australia has acquired the Finite Group in Australia & New Zealand. Finite is Australia and New Zealand’s leading Technology, Digital, Risk and Business Transformation recruitment specialist.
buyer: Randstad Holding NV (ENXTAM:RAND:$24,635.00)
Randstad utilizes a technology-driven focus with a human touch to provide better staffing and business solutions to organizations around the world. Their team of experts match professionals with available career opportunities in a variety of fields. "
target: Finite Recruitment
Finite is Australia and New Zealand’s leading Technology, Digital, Risk and Business Transformation recruitment specialist. They are 100% Australian privately owned and operated, as they have been since 1998. Finite works in partnership across a broad spectrum of industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/8/2022 via GlobeNewswire

Capgemini, acquired Aodigy Asia Pacific Pte Limited

synopsis: Capgemini, a global leader in partnering with companies to transform and manage their business by harnessing the power of technology, announced the acquisition of Aodigy Asia Pacific Pte Limited, a Singapore-based company, specializing in digital transformation on the Salesforce platform.
buyer: Capgemini (ENXTPA:CAP:$18,660.09)
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is at the forefront of innovation to address the entire breadth of clients’ business needs in the evolving world of cloud, data, and digital platforms. "
target: Aodigy Asia Pacific Pte Limited
Aodigy Asia Pacific Pte Limited is a Singapore-based company, specializing in digital transformation on the Salesforce platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2022 via BNC Analysis

S.i. Systems, acquired xiBOSS Corporation

synopsis: S.i. Systems ULC, Canada's largest information technology staffing company, has completed the acquisition of xiBOSS Corporation, a national IT staffing company headquartered in Toronto, Ontario. xiBOSS provides full-service staffing support to business enterprises small to multinational.
buyer: S.i. Systems
S.i. Systems is one of Canada's largest IT staffing companies. S.i. Systems created MatchGuide, a proprietary web-based match-making solution to provide precision contract and permanent placements for IT and Corporate professionals. "
target: xiBOSS Corporation
xiBOSS is a staffing firm with 15 core team members focused on servicing clients across Canada. Founded in 2002, xiBOSS has a long history of providing clients with top-notch IT professionals to fulfill their team and project needs, in Canada and in 29 countries around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/29/2022 via BusinessWire

Digital Intelligence Systems Corporation, will acquire MAKE Corporation

synopsis: Digital Intelligence Systems, LLC (DISYS), a global talent gap solutions firm, announced that it has entered into an agreement to acquire the assets of MAKE Corporation, a leading, full-service professional and IT recruiting firm.
buyer: Digital Intelligence Systems Corporation
Digital Intelligence Systems, LLC (DISYS) is a global managed services and staffing firm with over 70 offices worldwide. "
target: MAKE Corporation
MAKE Corporation, a woman-owned business, is a full-service professional and IT recruiting firm in Chicago, IL and Dallas, TX.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2022 via BusinessWire

Consulting Solutions International, acquired iBridge Solutions, LLC

synopsis: CSI IT, a technical recruiting and staffing organization, has acquired iBridge Solutions. iBridge has provided IT staffing services to Fortune 1000 clients in the St Louis market since 2000. The Company is well-respected for its ability to provide high-quality candidates that possess hard-to-find skillsets.
buyer parent: White Wolf Capital
buyer: Consulting Solutions International
CSI, a Consulting Solutions company, is a technical recruiting and staffing organization with a focus on delivering ERP, Oracle and IT technical resources to drive enterprise transformation initiatives. "
target: iBridge Solutions, LLC
iBridge has provided IT staffing services to Fortune 1000 clients in the St Louis market since 2000. The Company is well-respected for its ability to provide high-quality candidates that possess hard-to-find skillsets and to drive successful outcomes for its clients.
price ($mm)
rev ($mm)
$15
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 8/11/2022 via BNC Analysis

I&I Group Public Company Limited, will acquire Lansing Business Systems

synopsis: I&I Group (iiG), a digital and technology consulting company in Thailand, will acquire a 51% stake in Lansing Business Systems (LBS), an IT consulting firm in Thailand. LBS focuses on assisting their clients by providing them with bespoke IT services. They offer services for IT outsourcing, IT staffing, IT securities, software development and more.
buyer: I&I Group Public Company Limited (SET:IIG:$19.46)
I&I Group (iiG) is a leading digital and technology consulting company in Thailand. iiG provides their clients with end-to-end solutions and professional services to help them create sustainable value. They offer services for business analytics, customer relations, cloud solutions, and more. "
target: Lansing Business Systems
Lansing Business Systems (LBS) is an IT consulting firm in Thailand. LBS focuses on assisting their clients by providing them with bespoke IT services. They offer services for IT outsourcing, IT staffing, IT securities, software development, performance testing, and more.
price ($mm)
$11*
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 8/10/2022 via BNC Analysis

Deloitte Canada, acquired Nubik Inc.

synopsis: Deloitte Canada has acquired Montreal-based digital transformation consultancy, Nubik Inc., to bolster its presence and leadership in the Salesforce practice and firm up its relationships and offerings for mid-market clients. Nubik is the the only North American multi-cloud specialists in Salesforce, FinancialForce, and Rootstock Cloud ERP.
buyer parent: Deloitte LLP
buyer: Deloitte Canada
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. "
target: Nubik Inc.
Based in Canada, Nubik is the only Salesforce implementation partner in North America with in-depth knowledge and experience in FinancialForce and Rootstock Cloud ERPs. Nubik's implementation services include Salesforce Sales Cloud, Service Cloud, Field Service, B2B Commerce, Revenue Cloud and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2022 via Company Press Release

Provisions Group, acquired Insight Powered

synopsis: Provisions Group, an IT consulting and staffing firm based in Franklin, TN, has acquired Insight Powered, an IT company that specializes in Salesforce implementations, optimizations, and support. Insight Powered will become a standalone division of Provisions Group and will continue to focus on Salesforce implementation services.
buyer: Provisions Group
Provisions Group is a strategic and tactical IT consulting and staffing solutions provider that puts the client’s needs first by providing flexible, on-demand IT solutions for business. The company offers flexible, scalable IT strategy consulting, development, and implementation. "
target: Insight Powered
Insight Powered aims to increase visibility and frequency of actionable insights for the management and investment teams by leveraging best in class software and applying data and business analysis subject matter expertise.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/13/2022 via PR Newswire

OSF Digital, acquired AARIN INC

synopsis: Quebec City-based OSF Digital, an award-winning provider of digital transformation services to companies worldwide, has acquired Aarin Inc., a full-stack Salesforce Marketing Cloud systems integrator. This acquisition will significantly expand OSF Digital's Salesforce Marketing Cloud center of excellence and delivery team presence in North America.
buyer: OSF Digital
OSF Digital is a global commerce and digital transformation leader with expertise in connecting technology and strategy to drive business goals. With expert status in B2C and B2B commerce, OSF Digital seamlessly guides enterprises through their entire digital transformation journey. "
target: AARIN INC
AARIN is a certified partner for full-stack marketing cloud implementations. AARIN has expertise in Salesforce Marketing Cloud, Marketing Cloud Intelligence (powered by Datorama), Marketing Cloud Personalization (powered by Interaction Studio), and Salesforce Customer Data Platform (CDP).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: TSE:6028
 
 
 
 
 
 
 
 
TechnoPro Holdings, Inc.
TechnoPro Holdings, Inc.
TechnoPro is one of Japan’s largest technology-focused staffing and service companies. As an industry leader, TechnoPro provides full support for technical development and R&D to 1,400 companies including major corporations, universities and research organizations
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2017
rev ($mm)
$1,007.22
EBITDA ($mm)
$100.44
EBIT ($mm)
$96.49
Net Income ($mm)
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15094
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Ticker: CTG
 
 
 
 
 
 
 
 
Computer Task Group Inc.
Computer Task Group Inc.
CTG (Computer Task Group) provides industry-specific IT services and solutions that address the business needs and challenges of clients in high-growth industries in North America and Western Europe. CTG also provides strategic staffing services for major technology companies and large corporations.
year
2022
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$375.17
EBITDA ($mm)
$17.69
EBIT ($mm)
$14.80
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Ticker: XTRA:AAD
 
 
 
 
 
 
 
 
Amadeus FiRe AG
Amadeus FiRe AG
Amadeus FiRe is a specialised personnel service provider in Germany. Amadeus FiRe offers specialist temporary staffing, permanent placement and interim management services. They provide professionals and executives in the fields of accounting, office, banking and IT.
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2020
rev ($mm)
$307.61
EBITDA ($mm)
$45.32
EBIT ($mm)
$39.78
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$22.88
Employees
1055
  • drill down
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Ticker: ENXTPA:ALUMS
 
 
 
 
 
 
 
 
Umanis
Umanis provides IT consulting and engineering services primarily in France. They specialize in big data, business intelligence and customer relationship management. They were founded in 1990 and are based in France.
year
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$246.40
EBITDA ($mm)
$27.39
EBIT ($mm)
$24.28
Net Income ($mm)
$21.82
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2465
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Ticker: MHH
 
 
 
 
 
 
 
 
Mastech, Inc.
Mastech, Inc.
Mastech, Inc. has been helping companies find the IT talent they need to grow, matching IT professionals with exciting new opportunities to advance professionally. Mastech is a trusted talent partner who helps to align the right IT talent with their customers’ business demands.
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rev ($mm)
$197.91
EBITDA ($mm)
$15.98
EBIT ($mm)
$12.52
Net Income ($mm)
$9.06
Employees
1565
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Ticker: TSE:7041
 
 
 
 
 
 
 
 
CRG Holdings
CRG Holdings
CRG Holdings is a temporary staffing company in Japan. CRG Holdings offers temporary staffing services for call centers, clerical work, sales, customer service, logistics, warehousing, information technology, and more.
year
2021
rev ($mm)
$142.66
EBITDA ($mm)
$3.22
EBIT ($mm)
$2.75
Net Income ($mm)
$2.26
Employees
394
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Ticker: AIM:PTY
 
 
 
 
 
 
 
 
Parity Group PLC
Parity Group PLC
Parity Group PLC is a Professional Services organisation specialising in Business/IT Solutions, Professional Recruitment and Talent Management.
year
2017
rev ($mm)
$116.89
EBITDA ($mm)
$2.91
EBIT ($mm)
$2.60
Net Income ($mm)
$0.02
Employees
105
  • drill down
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Ticker: JASDAQ:2458
 
 
 
 
 
 
 
 
Yume Technology Co Ltd
Yume Technology Co Ltd
Yume Technology Co., Ltd. is a Japanese company mainly engaged in the provision of staffing services. The Engineering Outsourcing segment dispatches workers that specialize in the semiconductor, electric, electronic, machinery, information and chemical fields.
year
2017
rev ($mm)
$65.81
EBITDA ($mm)
$1.85
EBIT ($mm)
$1.56
Net Income ($mm)
$0.58
Employees
1232
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Ticker: TSRI
 
 
 
 
 
 
 
 
TSR Consulting, Inc.
TSR Consulting, Inc.
TSR is an expert recruiting company, providing IT staffing, IT consulting, experienced technical personnel, and consultants. TSR has earned the respect of companies through well-refined candidate screening, timely placement, and a thorough understanding of the skill sets required by its clients.
year
2020
rev ($mm)
$59.12
EBITDA ($mm)
($0.93)
EBIT ($mm)
($0.93)
Net Income ($mm)
Employees
338
  • drill down
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Ticker: TSE:7060
 
 
 
 
 
 
 
 
geechs inc.
geechs inc.
geechs is a Japanese recruitment company that specializes in information technology (IT). geechs provides their clients with aspiring IT professionals that meets their needs. They support IT freelancers by introducing them to the most suitable projects that match their skills, values and life plans.
year
2022
rev ($mm)
$38.38
EBITDA ($mm)
$8.55
EBIT ($mm)
$8.08
Net Income ($mm)
$5.02
Employees
384
  • drill down
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Ticker: SET:IIG
 
 
 
 
 
 
 
 
I&I Group Public Company Limited
I&I Group Public Company Limited
I&I Group (iiG) is a leading digital and technology consulting company in Thailand. iiG provides their clients with end-to-end solutions and professional services to help them create sustainable value. They offer services for business analytics, customer relations, cloud solutions, and more.
year
2021
rev ($mm)
$19.46
EBITDA ($mm)
$2.90
EBIT ($mm)
$2.86
Net Income ($mm)
$2.24
Employees
0
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Ticker: TSE:9246
 
 
 
 
 
 
 
 
Project Company Co., Ltd.
Project Company Co., Ltd.
Project Company is a Japanese provider of digital transformation services. Project Company helps their clients to quickly grow their business and increase their profits. They provide services for ERP, big data, CRM, UI/UX consulting, digital marketing, and more.
year
2021
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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Ticker: BSE:538273
 
 
 
 
 
 
 
 
Response Informatics
Response Informatics
Response Informatics is a global end to end technology and enterprise level management consulting company. Response Informatics provides exceptional technology services to clients across various domains and sectors. They offer services for Salesforce, IT staffing, and cloud infrastructure.
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2021
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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Ticker: TTEC
 
 
 
 
 
 
 
 
TTEC Holdings, Inc.
TTEC Holdings, Inc.
TTEC Holdings, Inc. is a leading digital global customer experience (CX) technology and services company focused on the design, implementation, and delivery of transformative customer experience, engagement, and growth solutions.
year
2020
rev ($mm)
$1,949.25
EBITDA ($mm)
$292.63
EBIT ($mm)
$213.76
Net Income ($mm)
$118.65
Employees
56200
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Ticker: ENXTAM:MAJ
 
 
 
 
 
 
 
 
Majorel
Majorel
Luxembourg-based Majorel designs, delivers, and differentiates customer experience on behalf of some of the world’s most respected brands. It provides classic customer communication as well as digital solutions, such as social media and online communications, automated interaction and AI, and more.
year
2021
rev ($mm)
$1,806.22
EBITDA ($mm)
$142.54
EBIT ($mm)
$103.67
Net Income ($mm)
$79.75
Employees
78000
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