M&A Deal Summary

HCL Technologies Acquires Strong-Bridge Envision Consulting

On March 13, 2019, HCL Technologies acquired business services company Strong-Bridge Envision Consulting from Bow River Capital for 45M USD

Acquisition Highlights
  • This is HCL Technologies’ 4th transaction in the Business Services sector.
  • This is HCL Technologies’ 4th largest (disclosed) transaction.
  • This is HCL Technologies’ 11th transaction in the United States.
  • This is HCL Technologies’ 2nd transaction in Washington.

M&A Deal Summary

Date 2019-03-13
Target Strong-Bridge Envision Consulting
Sector Business Services
Buyer(s) HCL Technologies
Sellers(s) Bow River Capital
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) Petsky Prunier (Financial)

Target

Strong-Bridge Envision Consulting

Bellevue, Washington, United States
Strong-Bridge Envision Consulting LLC is a management consulting firm that provides strategic leadership, transformation, and executional excellence for organizations ranging from startups to corporations. Working side-by-side with clients in technology, telecom/mobile, healthcare, retail, and travel, Strong-Bridge Consulting helps businesses generate results through customer experiences that are optimized for their industry. Strong-Bridge Envision Consulting LLC was founded in 2003 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

HCL Technologies

Noida, India

Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.17T INR (2025)
DESCRIPTION

HCL Technologies is an IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, Uttar Pradesh.


DEAL STATS #
Overall 17 of 23
Sector: Business Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 13 of 18
State: Washington M&A 2 of 2
Country: United States M&A 11 of 11
Year: 2019 M&A 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 International Business Machines - Software Products

Armonk, New York, United States

International Business Machines Corp. - Software Products in scope represent a total addressable market of more than $50 billion and includes, Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 DWS

Melbourne, Australia

DWS Ltd. is an IT Services company, providing services to blue chip organisations since 1991. With a business philosophy based upon integrity, reliability and professional service delivery, DWS provides end to end IT solutions. The quality of DWS consultants enables organisations to develop, manage and maintain IT Solutions – providing them with a competitive advantage and long term success. DWS was founded in 1991 and is based in Melbourne, Australia.

Buy -

Seller(S) 1

SELLER

Bow River Capital

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bow River Capital is a private equity firm that provides equity capital and mezzanine debt to high growth companies. The Firm targets businesses generating sales of $25 and $200 million and EBITDA of $3 to $50 million. Bow River will consider investments throughout the US and Canada, however, the Firm's primary focus is on opportunities in the Rocky Mountain and Western regions of the US and Canada. Target industries include manufacturing, distribution, transportation, business and consumer services, financial services, natural resources and real estate. The Firm will consider both control and minority positions. Bow River Capital was established in 2003 and is based in Denver, Colorado.


DEAL STATS #
Overall 14 of 25
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 7 of 11
State: Washington M&A 1 of 1
Country: United States M&A 11 of 22
Year: 2019 M&A 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-12 Kivu Consulting

San Francisco, California, United States

Kivu Consulting is a cybersecurity consulting firm providing the incident response, risk management, and cyber forensics investigation services to companies and organizations worldwide. The Company provides digital forensics investigations and helps companies assess their preparedness for digital intrusions. Kivu Consulting was founded in 2009 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 AbsenceSoft

Golden, Colorado, United States

AbsenceSoft is a cloud-based Total Absence Management platform that delivers modern, easy-to-use, and flexible software to manage FMLA, ADA, Disability, and other forms of leave efficiently and cost-effectively. AbsenceSoft was founded in 2013 and is based in Golden, Colorado.

Buy -