Capital Clarity Advises Neudesic in its Acquisition by IBM

Capital Clarity announced its advisory role in Neudesic's acquisition by IBM on March 8, 2022.

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Rhea-AI Summary

Capital Clarity announced its advisory role in Neudesic's acquisition by IBM on March 8, 2022. Neudesic is a leading U.S. cloud services consultancy specializing in Microsoft Azure, offering comprehensive digital transformation services across various industries. The firm has over 1,500 experts and a strong presence in the health, finance, and retail sectors. Financial details of the acquisition remain undisclosed, but the deal was finalized in Q4 2021. This acquisition is expected to enhance IBM's capabilities in cloud services and technology-driven solutions.

Positive

Strengthens IBM's position in cloud services and technology consulting.
Neudesic's extensive expertise in Microsoft Azure enhances IBM's offerings.
Potential for revenue growth through expanded digital transformation services.

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03/08/2022 - 09:00 AM

SAN FRANCISCO, March 8, 2022 /PRNewswire/ -- Capital Clarity announced that it advised Neudesic, LLC, a leading U.S. cloud services consultancy specializing in the Microsoft Azure platform, in its acquisition by IBM (NYSE: IBM).

Neudesic provides a full scope of digital transformation services across advisory, application development, cloud migration, DevOps, integration, data engineering, data visualization, and hyper-automation. As a top Microsoft global solution partner, Neudesic has deep expertise in technology transformation and delivering Microsoft Azure cloud services to clients across the health and life sciences, financial services, energy and utilities, professional services, and retail industries. Headquartered in Irvine, California, Neudesic has more than 1,500 cloud and data experts located across the U.S. and in India.

"The development of Neudesic over time has been spectacular. The innovative solution sets that the company developed and deployed in advanced business transformation with leverage of modern cloud tools and technologies on the Azure platform across industries are unparalleled," said John Cooper, Managing Partner of Capital Clarity. "The growth in this domain of technology-leveraged professional services will continue to accelerate in our view."

Financial details of the deal were not disclosed. IBM and Neudesic signed a definitive agreement in the fourth quarter of 2021.

About Neudesic
Neudesic is the trusted technology partner in business innovation, delivering impactful business results to clients through digital modernization and evolution. Its consultants bring business and technology expertise together, offering a wide range of cloud and data-driven solutions, including custom application development, data and artificial intelligence, and comprehensive managed services. Founded in 2002, Neudesic is headquartered in Irvine, California.

About Capital Clarity
Capital Clarity offers a refined approach to investment banking that emphasizes long-term partnership with investors and management teams. Our leadership team has a combined experience of 80 years in financial advisory, mergers & acquisitions, corporate development and private equity. We combine advisory expertise with deep industry knowledge and long-standing buyer and investor relationships to create successful outcomes for our clients. Enterprise software and technology-enabled services are among Capital Clarity's areas of focus and expertise.

Capital Clarity Contacts:

John Cooper
Managing Partner
coop@capital-clarity.com
(415) 237-3242

Susan Blanco
Managing Partner
susan@capital-clarity.com
(415) 320-1582

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SOURCE Capital Clarity, LLC

FAQ

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What was the purpose of IBM's acquisition of Neudesic?

The acquisition aimed to enhance IBM's cloud services and digital transformation capabilities.

What services does Neudesic provide?

Neudesic provides digital transformation services, including cloud migration, application development, and data engineering.

When was the acquisition of Neudesic by IBM finalized?

The acquisition was finalized in the fourth quarter of 2021.

How many cloud experts does Neudesic have?

Neudesic employs over 1,500 cloud and data experts across the U.S. and India.

Capital Clarity Advises Neudesic in its Acquisition by IBM