Parklane Capital is pleased to announce its latest deal in the digital transformation sector. Sevenval Technologies GmbH, the leading German frontend expert for digital transformation, was acquired by the IT Services Competence Platform backed by Oaktree Capital Management and Cornerstone Partners. Jan Webering, founder and CEO of Sevenval, remains a shareholder in the company.
Parklane Capital acted as exclusive financial advisor to Sevenval and its shareholders. The deal underlines Parklane Capital’s leading position in the technology and digital transformation space, following the recent sale of Honeypot to XING SE, the investment of Volkswagen AG in digital specialist diconium and the sale of OC&C Strategy Consultants GmbH (Germany) to EY-Parthenon.
Sevenval joins the IT Services Competence Platform backed by Oaktree Capital Management and Cornerstone Partners
The IT Services Competence Platform is expanding to include Sevenval, a leading German consultancy for digital transformation with strong digital user experience and technology background. The acquisition will strengthen the presence on the DACH region’s (Germany, Austria, Switzerland) markets.
The IT Services Competence Platform was launched in June 2017 with the acquisition of IT Kontrakt and the goal to build a leading IT service company that encompasses the entire development life cycle: from consulting to development and implementation. Sevenval is the third company to join the IT Services Competence Platform, following the acquisition of Solidbrain (Poland) and CoreValue (US, Ukraine, Poland). Apart from supporting dynamic growth of its constituent companies the platform envisions further acquisitions focusing on Western Europe and Scandinavia as the next target markets.
“Sevenval joining our platform is transformative for us, as we are entering the German market with a strong partner who has over 20 years of experience in digital consulting. We envision significant synergies resulting from Sevenval’s approach to serve clients with high quality solutions designed and build from the customer perspective”, said Tomasz Pyrak, Global CEO of the IT Services Competence Platform.
Sevenval is a uniquely positioned and highly valued frontend expert with deep technology expertise driving clients’ digital transformation by implementing customer-centric solutions in all “layers” of their company from frontend to backend. Sevenval handles digital transformation holistically and serves as a one-stop shop, combining the creativity and innovation of a digital agency with the precision and pragmatism of an experienced technology service provider.
“Joining the platform is a win-win situation for all of us, as we are becoming part of a group of over 2,500 high quality engineers and complementary competences. Our joined service offering will focus strongly on simultaneously driving our customers digital transformation based on a comprehensive approach and our customers’ individual needs”, said Sevenval CEO and founder Jan Webering.
In the IT Services Competence Platform, Webering will take on the role of Global Chief Marketing Officer. He will be responsible for creating brand and marketing communications strategies for the platform that will also cover the integration of new companies.
Sevenval’s team of almost 200 employees comprises experienced managers and engineers, highly qualified experts, as well as specialists in UX/UI and Development Operations. Through the acquisition of Sevenval the total number of highly qualified engineers in the group will add up to 2,700. With this workforce the platform will gain a new scale in its ability to deliver technological solutions supporting their clients’ businesses.
The IT Services Competence Platform plans to carry out another six or seven mergers by the end of 2020, with the goals of growing the organization to 5,000 - 6,000 engineers and of implementing global projects for clients in the banking & finance, insurance, healthcare & pharma, real estate, and automotive industries.