Bowstring advises 3D Results in its acquisition by Rizing

September 20, 2018 | Atlanta, GA

Bowstring Advisors (“Bowstring”), formerly CHILDS Advisory Partners, served as the exclusive financial advisor to 3D Results, LLC (“3D Results”), an SAP SuccessFactors Professional Services Firm, in its acquisition by Rizing, LLC (“Rizing”), a multinational company backed by private equity firm One Equity Partners (“OEP”) that provides leading SAP functional and technical services to its customers.

3D Results joins /N SPRO and Aasonn as part of Rizing’s Human Capital Management (HCM) services division. Collectively, the team is one of the strongest partners in the SAP SuccessFactors ecosystem through their combined end-to-end experience and leading number of implementations globally.

Mike Maiolo, CEO of Rizing, stated, “With our second acquisition this year, we are executing against our growth strategy. 3D Results is a market leader in North America with a focus on SAP SuccessFactors Cloud Software. 3D Results also has a rapidly growing reporting, data visualization and people analytics platform, 3DR Cube. The combination of 3D Results, /N SPRO HCM and Aasonn under the Rizing umbrella provides significant depth and expertise to service our customers.”

The completion of this acquisition further strengthens Rizing’s global position in the SAP HCM / SuccessFactors market. Rizing’s combined HCM division has over 700 customers, making it one of the largest SAP SuccessFactors consulting firms in the world.

Dr. Brian Fieser, President and CEO of 3D Results, will join Rizing as President of North America for the HCM division. “3D Results is excited to join forces with a world class SAP services organization like Rizing. As part of the Rizing HCM line of business, we become part of the largest global team of experts in the SAP SuccessFactors ecosystem, with over five times the number of professionally certified consultants than any other competitor. We are confident the acquisition positions our firm and its people for enhanced success and opportunity.” Dr. Fieser further notes, “The advisory service we received from the Bowstring Advisors team was instrumental in getting to know our leadership team and values, effectively marketing our business and ultimately positioning us to efficiently execute a transaction that is an outstanding outcome for our whole team. Bowstring’s knowledge of our industry, attention to detail and their expertise during due diligence is very much appreciated.”

“Congratulations to the 3D team for building a very attractive consulting and software firm over the past few years. We are excited to be a small part of building the Rizing platform and have high confidence that the combined firms will continue to be very successful,” said Tom Donahue, Bowstring Managing Director.

The Rizing portfolio is exclusively focused on SAP services and provides leading SAP functional and technical services to its customers. The inclusion of 3D Results continues to strengthen Rizing’s brand in the HCM space. SAP is experiencing significant expansion in the cloud software business and Rizing is well-positioned to capitalize on that growth.

The advisory service we received from the Bowstring Advisors team was instrumental in getting to know our leadership team and values, effectively marketing our business and ultimately positioning us to efficiently execute a transaction that is an outstanding outcome for our whole team. Bowstring’s knowledge of our industry, attention to detail and their expertise during due diligence is very much appreciated.

Dr. Brian Fieser
President & CEO
3D Results