M&A Deal Summary

Kanbay International Acquires Gazelle Consulting

On September 1, 2005, Kanbay International acquired information technology company Gazelle Consulting from Frontier Growth

Acquisition Highlights
  • This is Kanbay International’s 1st transaction in the Information Technology sector.
  • This is Kanbay International’s 1st transaction in the United States.
  • This is Kanbay International’s 1st transaction in Georgia.

M&A Deal Summary

Date 2005-09-01
Target Gazelle Consulting
Sector Information Technology
Buyer(s) Kanbay International
Sellers(s) Frontier Growth
Deal Type Add-on Acquisition

Target

Gazelle Consulting

Atlanta, Georgia, United States
Gazelle Consulting, Inc. is a Specialized Business Intelligence IT Services.

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Buyer(S) 1

Buyer

Kanbay International

Rosemont, Illinois, United States

Category Company
Founded 1989
Sector Information Technology
DESCRIPTION

Kanbay, Inc. (NASDAQ: KBAY) is a global IT services firm with approximately 7,600 associates worldwide. Kanbay provides a highly integrated suite of management consulting, technology integration and development, and outsourcing solutions through a proven global delivery platform to clients focused on financial services and consumer and industrial products, as well as an emerging presence in the communications and media and life sciences industries. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America, India, London, Singapore, Hong Kong and Melbourne


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 41
Sector: Information Technology M&A 1 of 13
Type: Add-on Acquisition M&A Deals 1 of 26
State: Georgia M&A 1 of 6
Country: United States M&A 2 of 38
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 CDA

Charlotte, North Carolina, United States

CDA is an independent provider of replication, mastering, packaging, and fulfillment services for DVDs and CDs for the business-to-business, consumer, entertainment, and software markets. CDA was founded in 2000 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Accipiter Solutions

Seattle, Washington, United States

Accipiter Solutions, Inc. provides Online Advertising Software Services in US.

Sell USD30M