Bowstring Advises Group Basis in its Acquisition by TriCore Solutions
September 1, 2015 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to SAP managed services provider Group Basis in its recent sale to TriCore Solutions, the application management experts. This acquisition enables TriCore to expand their ERP Application Managed Service offerings to SAP environments. The combined services will help customers improve the performance and availability of their SAP environments while reducing costs. Additionally, clients can unlock the value of their data for better decision making, as well as provide strategic consulting and implementation as they enhance their SAP investments. Wade Walla, an original founder of Group Basis, will join TriCore’s management team.
TriCore helps more than 260 enterprise organizations unlock the business value of their IT investments. The company offers ERP application management, business analytics, and managed infrastructure services for mid-market and enterprise customers. With this acquisition, TriCore now offers a full suite of managed application services for the three largest ERP solutions, including Oracle E-Business Suite, PeopleSoft, and SAP.
“The addition of Group Basis’ deep experience in managing SAP Basis and HANA ERP environments fits directly into TriCore’s current focus on application management services and our growth strategy,” said Mark Clayman, President and COO at TriCore Solutions. “We are now able to offer and support the three market leaders of ERP solutions in addition to our services for business analytics, data warehousing and infrastructure services. Like TriCore, the Group Basis team embodies all the characteristics that define great service and continuous improvement. Together we will further increase the strategic value we bring to our customers while serving as a trusted adviser as customers focus on transforming their approach to IT to enable the growth of their businesses.”
“We are all extremely excited about becoming part of TriCore’s go-forward strategy,” said Walla, president of Group Basis. “Our customers will now have access to a greater breadth of services and skill sets, and we are looking forward to leveraging the best practices and resources from an outstanding company that is directly aligned with our culture and goals.”
Like TriCore, the Group Basis team embodies all the characteristics that define great service and continuous improvement. Together we will further increase the strategic value we bring to our customers while serving as a trusted adviser as customers focus on transforming their approach to IT to enable the growth of their businesses.
President and COO