Exadel Acquires Digital Consultancy Coppei
Software engineering firm Exadel, backed by private equity firm Sun Capital, has acquired Seattle-based technology consultancy Coppei. The terms of the deal were not disclosed.
This is technology M&A deal number 642 that ChannelE2E has covered so far in 2021. Here you will find a list of all technology M&A deals for 2021 and 2020.
Exadel takes over Coppei
Founded in 1995, Exadel is a software engineering company that supplies digital platforms, products and applications. Headquartered in Concord, California, the company employs 1,500 people with offices in Europe, North America and Asia. Exadel caters to the media, technology, finance, e-commerce, healthcare, transportation and education sectors, according to a company statement.
Coppei is a digital business strategy and technology consultancy focused on data and intelligence, delivery leadership, and SAP services, among other things. The company was founded in 2001 and is based on Mercer Island, Washington. According to the announcement, Coppei will continue to operate as an independent brand after the takeover.
The addition of Coppei’s digital strategy and consulting expertise combined with Exadel’s globally distributed software engineering services will enable the new company to offer comprehensive technology advice and solutions, the statement said.
Exadel takes over Coppei: “A powerhouse of digital transformation”
Fima Katz, CEO, Exadel
Travis Larsen, CEO, Coppei
Commenting on the acquisition, Fima Katz, CEO of Exadel:
“With Coppei, Exadel is now positioned as a global technology company that integrates strategy, design and software development to transform businesses into modern digital businesses. We find that many large corporations need the strategic direction that consulting provides along with implementing digital technology building to advance their mission. We look forward to being able to offer current and future customers the extensive and proven consulting capabilities of the Coppei team together with the exceptional engineering services of Exadel. “
Elizabeth de Saint-Aignan, Managing Partner, Sun Capital
Travis Larsen, CEO of Coppei added:
“We are very excited to be part of the Exadel family as the integration of Exadel’s software engineering services and Coppei’s strategic data-driven business solutions enables us to deliver real business value to our customers. We can now develop and deploy digital business strategies, architecture and advanced analytics solutions with cloud-based software engineering solutions that include enterprise platform development, artificial intelligence, digital marketing and the Internet of Things. That will inspire our customers and create new opportunities for our team. “
Elizabeth de Saint-Aignan, Managing Director of Sun Capital, also commented on the news:
“Sun Capital couldn’t be happier with the combination of these two world-class professional service companies in our technology industry. Digital management consultancy has already supplanted traditional management consultancy and companies will increase their dependence on external consultants at an unprecedented rate and extent. We are confident that complementing Coppei’s capabilities with Exadel’s service offerings will create a powerhouse of digital transformation solutions for customers in the highly competitive digital marketplace. We look forward to continuing our investments in our technology industry to accelerate this growth. “
Sun Capital Partners
The acquisition was supported by a subsidiary of Sun Capital Partners, which Exadel acquired in March 2021. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues of over $ 50 billion in a variety of industries. Sun Capital focuses on companies in emerging markets in the business services, consumer, healthcare, industrial and technology sectors. Sun Capital has offices in Boca Raton, Florida, Los Angeles and New York and a subsidiary with offices in London, United Kingdom.
