M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Got a submission? Email us and tell us why it belongs in the roundup.
Rotunda Capital Partners acquires Trinity3 Technology.
Bethesda, Maryland-based Rotunda Capital Partners has acquired a majority interest in Minnesota-based Trinity3 Technology, provider of student computing solutions, warranty services and enterprise products for the K-12 education market. This acquisition makes up the private equity firm’s 13th platform investment.
The financial terms of the deal were not disclosed, but Trinity3’s CEO Gary Embretson will continue to lead the company, and its management team “will retain a significant equity interest and will continue leading the business,” a press release states.
“As we were planning our next five-year vision, it was obvious to our team that Rotunda shared similar strategic views for what this company could accomplish,” said Embretson in a statement. “Through this partnership, our management team, personal customer experience, and unique employee culture won’t change — but we gain the expertise and capital to grow the business in a market that’s ripe with opportunity.”
McLean-based AppTek merges with Ignite-Tek.
McLean, Virginia-based speech tech provider AppTek announced its merger with Florida-based Ignite-Tek, a speech tech and analytics provider of voice solutions. Ignite-Tek created a customer acquisition engine for performance-based media buying.
AppTek expands natural language understanding capabilities with IGNITE-TEK acquisition. #ASR #MT #speechrecognition #machinetranslation https://t.co/9UG6ituyJu
— AppTek (@AppTek_McLean) November 26, 2019
The financial terms of the deal were not disclosed, but Ignite-Tek, now a wholly owned subsidiary of AppTek, expands the companies team and speech tech offerings.
“Our merger with our long-time partner Ignite-Tek is a great step for our high-growth company,” said AppTek CEO Mudar Yaghi in a statement. “Ignite brings experience driving over $1.2B in revenue for its clients since its inception, and its LucidVueCX platform for cross-channel behavioral and sentiment analysis is the perfect addition to AppTek’s suite of capabilities.”
This year, AppTek reports that it has doubled its employee count and expanded use of its workbench platform to more than 1000 speech annotators. With this acquisition, former Ignite-Tek CEO, Michael Ferzacca joins AppTek as COO.
DXC Technology acquires Australia-based Bluleader and London-based Virtual Clarity.
Tysons, Virginia-based IT company DXC Technology has acquired Australia-based Bluleader, a consulting firm that provides customer experience solutions. This acquisition expands the company’s systems, applications and products operations practice, DXC Oxygen, and welcomes Bluleader’s more than 80 client specialists to the team.
“This combination will enable us to leverage DXC’s market presence, intellectual property and expertise to expand the size and scale of Bluleader as part of DXC Oxygen’s Integrated Practice,” said Robin Apfel, managing director of Bluleader, in a statement.
Last month, DXC Technology also acquired a majority stake in London-based Virtual Clarity, which is a provider of IT-as-a-Service transformation advisory services. Virtual Clarity was founded in 2008.
“Virtual Clarity is a solid fit with our growth strategy with proven expertise in IT transformation and cloud migration,” said Mike Salvino, DXC’s president and CEO, in a press release. “The company complements and enhances DXC’s capabilities in cloud, platforms and IT modernization, enabling DXC to help our clients with their digital transformation journey and improve their business outcomes.”
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