M&A Deal Summary

Accenture Acquires Advocate

On June 6, 2022, Accenture acquired information technology company Advocate from Spire Capital Partners

Acquisition Highlights
  • This is Accenture’s 114th transaction in the Information Technology sector.
  • This is Accenture’s 100th transaction in the United States.
  • This is Accenture’s 3rd transaction in Georgia.

M&A Deal Summary
Date 2022-06-06
Target Advocate
Sector Information Technology
Buyer(s) Accenture
Sellers(s) Spire Capital Partners
Deal Type Add-on Acquisition

Target

Advocate

Norcross, Georgia, United States
Advocate is a Premier TBM Services company, provides technology business management and technology expense management services to enterprise organizations looking to optimize their technology strategy and infrastructure. Advocate was founded in 2001 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

Accenture

Dublin, Ireland
Category Company
Founded 1951
Sector Business Services
Employees750,000
Revenue 64.1B USD (2023)
DESCRIPTION

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining experience and specialized skills across more than 40 industries and all business functions, Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Accenture was founded in 1951 and is based in Dublin, Ireland.

DEAL STATS #
Overall 261 of 331
Sector (Information Technology) 114 of 148
Type (Add-on Acquisition) 232 of 294
State (Georgia) 3 of 4
Country (United States) 100 of 121
Year (2022) 8 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Allgemeines Rechenzentrum

Innsbruck, Germany

Allgemeines Rechenzentrum is a provider of cloud-based banking platform-as-a-service offerings, ranging from core banking services to online banking as well as regulatory services for banking clients across Europe. Allgemeines Rechenzentrum is based in Innsbruck, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 XtremeEDA

Ottawa, Ontario, Canada

XtremeEDA is a provider of front-end design and verification services for the semiconductor industry. The company's expertise spans most major sectors, including processor, networking, telecommunications, aviation/avionics, automotive, medical, consumer electronics, and other sectors. Its business approach is to build relationships based on mutual respect and trust. This long-term emphasis leverages and enhances its evolving relationships to create repeated and lasting value for all stakeholders. XtremeEDA offers considerable flexibility in client engagement models, including: staff augmentation for front-end RTL and DV implementation teams, outsourced development of digital subsystems for design/verification IPs, and full Turnkey ASIC/SOC or FPGA chip development (in cooperation with our strategic partners). XtremeEDA was formed in 2002 and is based in Ottawa, Ontario.

Buy -

Seller(S) 1

SELLER

Spire Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spire Capital Partners is a private equity firm that targets buyout investments in mid-sized information services, media, communications, and business service companies. The Firm looks for cash-flow positive, US-based businesses with high barriers to entry. Spire seeks to commit $15 to $125 million of equity per transaction and has an investment horizon of three to seven years. Spire Capital Partners was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 26 of 27
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 19 of 19
State (Georgia) 1 of 1
Country (United States) 25 of 26
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Penlink

Lincoln, Nebraska, United States

Penlink is a provider of communications surveillance software to top federal, state, and local law enforcement agencies in the U.S. and internationally. Penlink was founded in 1986 and is based in Lincoln, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Green Security

Clearwater, Florida, United States

Green Security is a SaaS-based healthcare compliance and access management platform addressing regulated credentialing and required workflows for all non-employee populations needing access to healthcare facilities, including vendors, contractors, and visitors. Green Security is based in Clearwater, Florida.

Buy -
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