CEO ally advises cPrime in its sale to ALTEN Group
CEO ally, Inc., a Pittsburgh and Los Angeles based M&A advisory firm, announces the successful completion of the sale of San Francisco-based cPrime, Inc. to the €1.373 billion European leader in Technology Consulting and Engineering, ALTEN Group (Euronext Paris: ATE). CEO ally acted as the exclusive sell-side advisor to cPrime.
Pittsburgh, PA, April 29, 2015 (Newswire.com) - CEO ally, Inc., a Pittsburgh and Los Angeles based M&A advisory firm, announces the successful completion of the sale of San Francisco-based cPrime, Inc., an industry leader in Agile consulting, training, and Enterprise Agile Transformation services, to the €1.373 billion European leader in Technology Consulting and Engineering, ALTEN Group (Euronext Paris: ATE). CEO ally acted as the exclusive sell-side advisor to cPrime.
"We are excited to welcome an innovative company with strong Agile expertise to the ALTEN family," said Gerald Attia, Deputy CEO of ALTEN Group. "The combination of our strengths in latest technologies and agile processes will help us deliver far greater value to our clients, something that the ALTEN Group has been known for, for over 25 years."
"This merger gives us the ability to deliver full enterprise development solutions with a company whose values and culture align perfectly with cPrime," said Zubin Irani, CEO of cPrime. According to Irani, the merger comes at an opportune time as the Agile market continues to grow and change, creating more opportunities. "What it does for us is that it immediately gives us access to a wider population of clients that can benefit from our services."
"There is an exceptionally strong alignment between the cultures at cPrime and ALTEN that foster an entrepreneurial spirit and collaboration, and the offerings, clients and skill sets of the two merging business are very complementary to each other."
Jay Joshi, Managing Partner, who led CEO ally’s M&A advisory team for this transaction, added “There is an exceptionally strong alignment between the cultures at cPrime and ALTEN that foster an entrepreneurial spirit and collaboration, and the offerings, clients and skill sets of the two merging business are very complementary to each other.”
"Many of our clients are looking to adopt Agile for Enterprise IT solution development. With cPrime's Agile process solutions, we can now offer the best people, process and technology capabilities to our clients," said Ramandeep Singh, CEO of Calsoft Labs.
Through the merger, cPrime will provide more value to clients by leveraging ALTEN Group’s larger pool of technical talent. The ALTEN Group, through its subsidiary Calsoft Labs, offers Consulting, Enterprise IT, and Product Engineering Services to clients globally. The merger creates synergy between cPrime and Calsoft Labs allowing both companies to extend process consulting, technology consulting, and implementation services to clients under one roof.
About ALTEN Group:
The ALTEN Group is a leading European Technology Consulting and Engineering (TCE) firm with approximately 18,000 employees in 20 countries. Headquartered in Paris, France, and with operations throughout Europe, North America, India, China, and the MENA region, the ALTEN Group works with clients in the aerospace, defense, transportation, energy, life sciences, financial services, telecom and IT sectors.
For more information visit- http://www.alten.com/
About cPrime, Inc.:
cPrime Inc. is an IT project management consulting, staffing and training services company on the front lines of technology and methodology. For the past six consecutive years, cPrime has been recognized as one of the fastest growing companies in the San Francisco bay area. cPrime Agile Project Management engagements help clients adopt Scrum and other Agile practices within the larger program management ecosystem.
For more information visit- http://www.cprime.com/
About CEO ally, Inc.:
CEO ally, Inc. is a boutique M&A advisory and strategy consulting firm headquartered in Pittsburgh, Pennsylvania (USA) which focuses on small and mid-market transactions in the fields of IT services, software product companies, BPO services and engineering services. In addition to transactions within North America, CEO ally, Inc. specializes in cross-border transactions between US-based companies and their counterparts in India, Europe and South America for buy-side as well as sell-side advisory services.
For more information visit - www.ceoally.com