M&A Deal Summary

Accenture Acquires BeesPath - ClosingBridge Platfrom

On April 12, 2017, Accenture acquired information technology company BeesPath - ClosingBridge Platfrom from BeesPath

Acquisition Highlights
  • This is Accenture’s 43rd transaction in the Information Technology sector.
  • This is Accenture’s 46th transaction in the United States.
  • This is Accenture’s 1st transaction in Utah.

M&A Deal Summary
Date 2017-04-12
Target BeesPath - ClosingBridge Platfrom
Sector Information Technology
Buyer(s) Accenture
Sellers(s) BeesPath
Deal Type Divestiture

Target

BeesPath - ClosingBridge Platfrom

Richmond, Utah, United States
BeesPath, Inc. - ClosingBridge Platfrom is a developer of mortgage cadence product suite and will be branded as Collaboration Center. In its first phase, the platform which manages the communications between borrowers, co-borrowers, real estate agents, sellers, attorneys, lending staff, title agents and settlement agents on mortgage transactions will be offered as a standalone product.

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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 101 of 331
Sector (Information Technology) 43 of 148
Type (Divestiture) 15 of 28
State (Utah) 1 of 1
Country (United States) 46 of 121
Year (2017) 12 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Genfour Service Centre

Cwmbran, United Kingdom

Genfour Service Centre is a pure play automation service provider with deep domain expertise and industry experience in assessing, implementing and managing automation solutions. Genfour Service Centre was established in 2012 and is headquartered in Cwmbran, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Kunstmaan

Leuven, Belgium

Kunstmaan is an independent integrated communications agency. Kunstmaan was founded in 1998 and is based in Leuven, Belgium.

Buy -

Seller(S) 1

SELLER

BeesPath

Richmond, Utah, United States
Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

BeesPath, Inc. is a provider of web-based tools designed to bring all the people, workflow and information related to a loan transaction into one secure place, facilitating the efficient closing of loans by enabling easy communication, delivery, sharing and tracking of all loan details. BeesPath was formed in 2004 and is based in Richmond, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

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