decor decor
"Your most unhappy customers are your greatest source of learning."

-Bill Gates

EPAM Systems Acquires Alliance Global Services

Financial Information
  • Not Disclosed
Transaction Facts
  • EPAM Systems (NYSE: EPAM) announced today its acquisition of software solutions provider Alliance Global Services, for an undisclosed amount.
  • Alliance, headquartered in Conshohocken, PA, has more than 1,200 employees and provides software design, development and quality management services to clients across multiple verticals.
  • EPAM, recently listed as a “Star Performer” and “Major Contender” in Everest Group’s Peak Matrix for IT Outsourcing, was founded in 1993 and has locations in more than 20 countries.
  • With this acquisition, EPAM is revising its full year 2015 revenue guidance and expects year-over-year revenue to total $905 million in GAAP reported revenue. Full year 2015 non-GAAP diluted EPS is expected to be at least $2.66.

 

A Good Fit with Strong Potential

  • Joining a Strong Team: Both Alliance and EPAM are global providers of product development and other outsourced services – an industry where achieving size can be key to differentiating one company from its competitors. EPAM has completed eight other acquisitions in the last five years, and is very richly valued. If integrated properly, this acquisition offers plenty of opportunity for both sides.
  • Growing Into Sale Positioning: Alliance CEO John Castleman is well respected for personally directing the growth of the company’s India operations and moving Alliance up the value chain. Growing the company was key to driving buyer interest.
  • Latest of Much M&A History For Alliance: Alliance Global Services has a long history of M&A. The company is one of two companies resulting from the August 2008 split of Alliance Consulting, an advisory firm focused on the health care market that was founded in 1994. Before the split, Alliance Consulting was acquired in 2002 by Safeguard Scientifics and sold component operations to Logicalis in 2006. This transaction will pair the company with a like-minded strategic that is well-equipped to help it grow.
For more information about this transaction, click here to read the press release.
martinwolf was not the advisor in this transaction.
previous post Back to Articles next post

06 Feb 2024

NWN Carousel acquired by American Securities

Financial Information Revenue: Approx. $900 million Enterprise Value: N/A Transaction Details NWN Carousel announced a transition of ownership from New State Capital Partners to affiliates of American Securities. This transition represents the success of significant investment, organic growth, M&A execution, operational excellence and innovation under ownership of New State Capital Partners. NWN Carousel developed a...

29 Jan 2024

AHEAD to Acquire Computer Design & Integration

Financial Information (USD) Enterprise Value: Approximately $705 Million EV/EBITDA: 9.65x Transaction Details One Equity Partners LLC has entered into a definitive agreement to sell IT services firm Computer Design & Integration to Berkshire Partners-backed AHEAD. The agreement values CDI at approximately $705 million including debt. To fund the transaction, AHEAD plans to issue an incremental...

10 Jan 2024

Hewlett Packard Enterprise to Acquire Juniper Networks

Financial Information ($USD) Enterprise Value: $14.0 Billion EV/LTM Revenue: 2.48x EV/LTM EBITDA: 20.91x   Transaction Details Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per...