M&A Deal Summary

IT Convergence Acquires Prophet One

On July 17, 2024, IT Convergence acquired business services company Prophet One

Acquisition Highlights
  • This is IT Convergence’s 1st transaction in the Business Services sector.
  • This is IT Convergence’s 1st transaction in the United States.
  • This is IT Convergence’s 1st transaction in Indiana.

M&A Deal Summary
Date 2024-07-17
Target Prophet One
Sector Business Services
Buyer(s) IT Convergence
Deal Type Add-on Acquisition

Target

Prophet One

Indianapolis, Indiana, United States
Prophet One is a management & technology consulting firm providing insight and solutions to maximize enterprise application outcomes for customers. Prophet One was formed in 2004 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

IT Convergence

Irving, Texas, United States
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

IT Convergence is a Gartner-recognized and Oracle-awarded global strategic partner, specializing in Cloud IaaS (OCI, Azure, AWS, GCP), PaaS and SaaS (Oracle ERP Cloud, HCM, SCM, etc.), Oracle E-Business Suite (EBS), NetSuite, MS Dynamics 365, and JD Edwards. The Company's full-service portfolio includes Professional Services, Private Cloud (Hosting), Managed Services, Integration, Business Intelligence/Data Analytics, Development, AI & Machine Learning, Testing, Automation, Training, and Change Management services. IT Convergence was founded in 1998 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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