Exadel Acquires SAP ERP Accomplice, Digital Consultancy Coppei
Software engineering firm Exadel, backed by private equity firm Sun Capital Partners, has acquired Seattle-based technology consultancy Coppei. Financial terms of the transaction were not disclosed.
This is technology M&A deal # 642 that ChannelE2E has covered so far in 2021.
Exadel takes over Coppei: Company background
Founded in 1995, Exadel is a software engineering company that supplies digital platforms, products and applications.
Exadel, which is supported by 1,500 employees, is based in Concord, California with offices in Europe, North America and Asia. Core competencies include big data and analytics, product development, AI and machine learning, cloud and mobile development, QA, DevOps, UI / UX, marketing and content marketing services. Exadel serves clients in the media, technology, finance, e-commerce, healthcare, transportation, and education sectors.
The seller, Coppei, is a digital business strategy and technology consultancy focused on data and intelligence, supplier 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. “
About the private equity firm Sun Capital Partners
Sun Capital Partners, a private equity firm, has been owned by Exadel since March 2021.
The private equity firm, which has been operating since 1995, has invested in more than 425 companies worldwide with sales of over 50 billion US dollars. Sun Capital typically invests in the business services, consumer goods, healthcare, industrial and technology sectors. The company has offices in Boca Raton, Florida, Los Angeles and New York and a subsidiary with offices in London, United Kingdom.
