Avasant forms Strategic Partnership with MergerTech
Los Angeles, USA - April 10, 2012 - Avasant, a leading sourcing advisory firm, and MergerTech, a leading technology-focused investment banking firm, today announced a strategic partnership that combines their expertise in offering M&A Advisory and Investment Banking services to IT and BPO services firms globally.
Avasant with strong domain knowledge and a wide spread network of Tier I and II global service providers, private equity partners and multinational corporate development executives against the backdrop of the managed services and outsourcing arena, enables clients to quickly assemble the right partners and deal structure to accelerate business growth. With this partnership, Avasant and MergerTech each bring together their specialized expertise, knowledge, and relationships to offer a full range of Merger and Acquisition related services to IT and BPO services firms around the world.
Valuations and profit margins for IT and BPO services firms remain extremely attractive, creating an ideal environment for companies looking to buy or sell. Acquiring the right firm at the right price can accelerate a strategic buyer's growth, as well as drive expansion into new geographies, products, and services. For sellers, attractive valuations allow opportunities for value and wealth creation, as well as the opportunity to continue work on an exciting platform. However, continuing challenges in the broader economic environment is giving rise to consolidation in the industry, which means this is an ideal time for companies to look for strategic options.
Today, there is an increased demand for M&A Advisors with deep knowledge of the sourcing sector, as well as strong transactional experience to assist both buyers and sellers. The combined expertise of Avasant and MergerTech intends to capitalize on this opportunity by leveraging knowledge of the global Sourcing industry and deep expertise in M&A.
"Avasant has been at the leading edge of Global Sourcing as the premier Advisory firm with experience across all major industries and unparalleled access to Tier 1 and Tier 2 service providers. We are proud to enter into this partnership with MergerTech to broaden our capabilities in the M&A Advisory space. This will enable us to continue to be a major player in the fast evolving IT and BPO sectors, especially with focus on high growth markets of India, Asia and Latin America." said Avasant Global CEO, Mr. Kevin S. Parikh.
"More than ever, clients need not only deep M&A expertise from their bankers, but also deep domain knowledge of the industry they are in. This business combination of Avasant and MergerTech provides them exactly that. We look forward to increasing the value of strategic buyers and creating wealth for sellers through our partnership with Avasant." said Nitin Khanna, CEO, MergerTech.
Anupam Govil, Partner and M&A Lead at Avasant further added, "Over the past six months the global outsourcing industry especially in the BPO space has entered a consolidation phase. Service providers are trying to expand both vertical expertise as well as improve geographical presence. Avasant with its well rounded advisory practice, on the ground presence in key markets such as China, India, Africa, Latin America along with the advantage of having MergerTech's deep M&A expertise is well positioned to provide a decisive edge to its clients".
Avasant is next generation top management consulting, research and events firm servicing global clients across the public, private, and non-profit sectors. Avasant's talented team of consultants, lawyers and technologists average over 20 years of industry-honed experience and have conducted over 1,000+ engagements in over 40 countries worldwide.
Avasant is recognized as a leading Strategic Sourcing, Technology Optimization and Globalization Consulting firm. According to the International Association of Outsourcers (IAOP), Avasant is ranked among the "World Best Outsourcing Advisors". Further, Avasant holds honored distinctions as the Black Book of Outsourcing's ‘Number 1 BPO Advisor' and ‘Top 10 Full Service Advisor'.
For more information on Avasant, please visit www.avasant.com
MergerTech is the investment bank by technology entrepreneurs for technology entrepreneurs. The firm has deep domain expertise and buyer relationships, incredibly experienced bankers, and global platform to enable clients to convert their work into wealth through M&A exits to both strategic and financial buyers.
For more information on MergerTech, please visit www.mergertech.com
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