Atlanta, GA, December 23, 2014 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to itelligence, Inc. (“itelligence”) in its recent acquisition of Symphony Management Consulting (“Symphony”), an SAP and SuccessFactors partner in North America specializing in human capital management (HCM) consulting services and headquartered in Charlotte, N.C.
“This acquisition will immediately expand itelligence's cloud footprint through a dedicated global practice, complement our capabilities, and increase our high-growth cross-selling opportunities. Furthermore, the experience Symphony brings to itelligence will further strengthen our ability to keep pace with SAP's vision of one billion people in the cloud by 2015," said Steve Niesman, president and CEO, itelligence North America.
Norbert Rotter, CFO, itelligence AG, added, "This strategic acquisition serves to further fortify itelligence's presence in the U.S. and expand our regional and global market presence, especially in strong-performing SAP areas. By adding Symphony's significant SuccessFactors and cloud experience, we're better positioned to capture the full attention of our customer's departmental business executives with our expanded capability and deliver full SAP value together through end-to-end business visibility, integrated planning, execution and consolidated reporting." Niesman further notes, “CHILDS’ knowledge of and experience within the SAP ecosystem was paramount to identifying Symphony and the capabilities it brings to our long-term strategy. We are thankful for the CHILDS team’s counsel, support and dedication to the process.”
"We are very excited to be joining itelligence,” said Kellie Fitzpatrick, co-founder and CEO, Symphony. "Symphony and itelligence share an innovative spirit and a willingness to invest in SAP hybrid cloud integration, which Symphony has demonstrated by developing the only SuccessFactors Employee Central with Employee Central Payroll integrated rapid deployment solution in the country."
Don Holbrook, Managing Director at CHILDS Advisory Partners, commented “This marks our second acquisition as the advisor for itelligence. The Symphony acquisition is a great follow up to Aster and really solidifies itelligence’s position in the market.”
itelligence, Inc.'s purchase of Symphony Management Consulting is effective October 1, 2014.
About Symphony Management Consulting:
Symphony is a leading provider of Human Capital Management solutions, with an exclusive focus on HCM. Symphony excels at conducting successful implementations and upgrades, specifically within SAP HCM and SuccessFactors. More than an outsourcing provider, Symphony strives to become a trusted advisor; from the moment a client composes a strategic HR roadmap to the last note of a client’s implementation and beyond. Symphony has been an SAP services partner since 2006 and a SuccessFactors services partner since 2012. Learn more about Symphony at symphony-consulting.com
itelligence, Inc. is a wholly owned subsidiary of itelligence AG, an international full-service solution and consulting company with a global presence in 22 countries. itelligence provides a broad range of consulting and customer support services to further maximize SAP solutions, including implementations, application management services and hosting. itelligence also provides support for solutions including the SAP BusinessObjects™ Business Intelligence suite, mobility solutions, the SAP HANA® platform, SuccessFactors solutions and office of CFO solutions (e.g., the SAP Business Planning and Consolidation application and SAP solutions for governance, risk, and compliance). itelligence is an SAP gold channel partner authorized to resell SAP Business All-in-One and SAP BusinessObjects solutions, SAP global services and SAP global hosting partner, and an SAP-certified global provider of application management services.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
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