Excellarate

2023年3月21日

芳堤娜完成出售Excellarate Encora芝加哥,芳堤娜,总部位于芝加哥的私人股本公司今天宣布,它已完成Excellarate的销售,全球技术服务和解决方案的提供者,Encora,全球下一代产品工程服务提供者。该交易的条款没有披露。总部位于韦恩,PA, Excellarate提供产品工程等服务外包应用程序开发,敏捷软件开发,UI / UX设计、人工智能、分析、自动化和管理解决方案复杂,受到高度监管的行业。芳堤娜领导' 2019年科技集团的资本重组,合并Synerzip,敏捷软件产品开发的合作伙伴高增长科技公司,在2020年,随后将合并后的业务在2021年Excellarate。拥有超过20年的深度域专家HealthTech, FinTech, InsurTech,和企业技术、Excellarate解决复杂业务问题的初创企业和财富1000强企业加速创新和数字转换。芳堤娜在Excellarate支持的投资购买和集成两个战略性收购,开车扩张和公司服务的深度和范围,深化管理团队和增强公司的工程能力和销售流程。这些努力导致超过三倍的收入和利润在芳堤娜的所有权。“芳堤娜的强度和稳定性及其CEO1ST Excellarate方法允许管理积极增长在过去三年,区分自己在一个大的拥挤的市场,”尼克Sharma说,Excellarate的首席执行官。“我们的结合和持续关注客户和员工巩固了我们的成功,为未来的发展树立了一个很好的平台。我们感到兴奋与Encora合作在下一章我们的增长故事。 I personally would like to thank Joe Rondinelli, Aziz Virani and Ruth Siporin on the Board for their ongoing support and advice.” “Frontenac is proud to have collaborated with Nick Sharma, the Excellarate team and our CEO1ST Partner, Aziz Virani, to support the company’s exceptional growth over the last three years,” said Joe Rondinelli, Managing Director of Frontenac. “During our partnership, we executed a strategic plan to deepen our HealthTech and FinTech centers of excellence, expanded our product engineering capabilities and solutions, and added depth to our management team. Excellarate is well-positioned for continued growth in this dynamic market and we look forward to following Excellarate’s progress and accomplishments in the future under new ownership and leadership from Encora.” Aziz Virani, Board Director at Excellarate, commented, “It has been an honor to work with the Excellarate team. The Excellarate team has achieved outstanding growth while serving an enviable list of clients. We are proud of what Excellarate has built in collaboration with the Frontenac team and we are confident the business will continue to flourish under its new ownership.” Canaccord Genuity served as exclusive financial advisor to Excellarate and DLA Piper LLP served as legal counsel. ABOUT EXCELLARATE Excellarate is a global technology services and solutions company with over 20 years of domain expertise within health, insurance, financial and enterprise technologies. The company is a trusted partner of over 250 clients including Change Healthcare, Ad Giants, Alchemy Systems, and Centric Software to accelerate innovation and achieve business agility. Excellarate has strategic technology and solution partners including AWS, Azure, GoogleCloud, Appian, Salesforce to help drive digital transformation for our clients. With over 1,300 engineers across North America and India, Excellarate provides a dual-shore delivery model that empowers clients to drive innovation and accelerate time-to-market. For more information on Excellarate and its client success stories, please visit excellarate.com . ABOUT FRONTENAC Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a leading franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit frontenac.com . Previous