Insights
Benchmark International Successfully Facilitated the Transaction Between Absoft Limited and Applexus Technologies Inc
June 4, 2024
Benchmark International is pleased to announce the acquisition of Aberdeen-based Absoft by Seattle-based Applexus.
Absoft, established in 1991, is a SAP Gold Partner consultancy and managed services provider, assisting in the planning, installation, implementation and ongoing support of all types of SAP applications for businesses based throughout the UK and internationally. It works with clients across industries such as oil & gas, manufacturing, rail, and the public sector.
Applexus is a global technology leader specialising in SAP advisory and business transformation services with a strong focus on delivering business value to its clients. It has delivery centres across the US, Canada, UK, India, and Sri Lanka, with over 500 consultants. As part of the new entity, Absoft will assume the lead role for driving growth in the UK and Europe.
Ian Mechie, founder and chairman of Absoft, said: “The Absoft leadership team is delighted to take charge of driving growth for the combined entity in the UK and Europe. Our customers will now have access to a significantly wider range of services across advisory, implementation, and support services for S/4HANA, analytics, private & public cloud, HCM/SuccessFactors, SAP BTP, and other technologies. This also allows all our employees to continue to grow their skills and take forward all the good things we have built so far.”
Sam Mathew, CEO and founder of Applexus, commented: “We are thrilled to join forces with Absoft and grow together as one team. This acquisition aligns strongly with our overall growth strategy and helps us expand our presence in the UK and Europe, a key focus geography for us. Our strong cultural fit and shared values make us ideal partners.”
Keith Davidson, managing director at Absoft, concluded: “Together with Applexus we are able to scale our industry and services footprint while adding complementary IP solutions. We can now offer 24/7 global services when our customers need it while continuing to provide the high-touch service we are known for.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Managing Expectations While On MarketDeciding to sell your business can be a nerve-wracking yet exciting endeavor. It marks the culmination of many years of dedication, hard work, and strategic planning. As you prepare to go to market, engage with buyers through site visits, field and respond through information requests from interested parties, and hopefully navigate potential negotiations with buyers, it is vital not to overlook the significance of the market feedback you may receive while fielding these various levels of interest. The input received throughout the stages of this process is paramount to consider when managing your expectations while you are on the market. Understanding and finding the overall market consensus of feedback can help you determine what may add value to your overall offer or detract from your valuation. An often overlooked aspect is considering the market feedback generated by interest and adjusting your expectations accordingly.Beyond The Price Tag: Non-Financial Considerations In Business ValuationIt’s easy to be swept up in the flood of advice and methods for valuing a business. A quick internet search provides almost infinite resources right at your fingertips. From more general approaches to specific analyses, there is a lot of financial data to parse through, regardless of the methods you choose.