Sett & Lucas represented Chicago headquartered TruQua Enterprises within the transaction. The acquisition will bolster IBM Providers’ experience in monetary workflows with SAP and additional strengthen the corporate’s hybrid cloud progress agenda
New York – Nov 24, 2020 – Sett & Lucas, a sector specialist funding bank in Enterprise Software program, SaaS and IT Providers, is happy to announce the strategic sale of TruQua Enterprises, LLC to IBM. TruQua is a Chicago-headquartered SAP companion agency that’s targeted in delivering finance and analytics options to Fortune 500 corporations.
“TruQua’s ‘Smart, Driven and Nice’ consultants will be capable to rapidly add to IBM‘s already robust capabilities within the finance and analytics area. The Sett & Lucas sector specialist staff’s information of the SAP companion universe and their understanding of the analytics and cloud companies market, helped land Truqua with the suitable companion,” mentioned Scott Cairncross, TruQua co-founder.
“We see a tremendous alternative to amplify our differentiated information belongings through IBM‘s answer portfolio, world attain and scale. Throughout this course of, Sett & Lucas went above and past to help us, their attentive and hands-on strategy helped us get a deal completed that benefited our clients, workers and stakeholders,” mentioned David Dixon, TruQua co-founder.
Sett & Lucas continues to symbolize a number of shoppers within the Cloud market throughout Software program, SaaS and Providers enterprise models. “Today, there is a significant structural shift going on in the SAP universe. SAP is moving its customer base from on-premise to cloud. S4/HANA is at the forefront of this shift and TruQua’s finance-first approach leveraging its SAP Central Finance (CFIN) expertise is the perfect model to land and expand with digital transformation clients,” mentioned Prabhu Antony, deal lead and Sr. Vice President at Sett & Lucas.
S&L by means of its M&A advisory companies has been on the forefront of M&A and personal fairness investments within the SAP market during the last ten years. “Enterprise Cloud and digital transformation continues to be a top priority on the acquisition list for global SIs. We at S&L will continue to explore merger situations with global public listed system integrators, to unlock shareholder value for boutique consulting firms,” says Tyler Block, Managing Accomplice at Sett & Lucas.
About Sett & Lucas
Sett & Lucas (S&L) is a worldwide impartial monetary establishment that gives neutral recommendation, concepts, technique and execution companies, by leveraging world presence, area information in particular business verticals and a transparent purpose to ship value to shoppers. Over 120 associates figuring out of seven international locations ship value by means of funding banking and transaction advisory companies. S&L is a pacesetter in Mergers & Acquisition and capital increase companies to the Software program, SaaS, IT Providers and Digital & Advertising verticals: www.settlucas.com
Firm Identify: Sett & Lucas
Contact Individual: Jim Hageman
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