Bowstring Advises Intelenex in its Acquisition by Emtec
August 11, 2015 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Intelenex, Inc. (“Intelenex”), in its recent acquisition by Emtec, Inc. (“Emtec”), a leading IT consulting firm that provides transformational digital solutions. Based in Santa Rosa, Calif., and Denver, Intelenex (www.intelenex.com) is a leading Oracle Cloud (Fusion) applications partner with over 50 successful Oracle Cloud implementations. Intelenex provides advisory, implementation and managed support services for Oracle’s Cloud Suite of Applications, with a specialized focus in Enterprise Resource Planning (ERP) and Human Capital Management (HCM).
“This strategic acquisition both deepens and expands our primary service offerings,” said Sunil Misra, President of Emtec, “and this transaction strongly positions Emtec to address the rapidly growing client demand for scalable, feature-rich cloud-based business application solutions. Intelenex has been a pioneer in Oracle Cloud solutions, and we are very excited to have them join Emtec. With the addition of Lucidity announced in April, and now Intelenex, we are well on our way to becoming a partner of choice for all our clients’ Oracle applications needs, including Oracle Cloud solutions.”
“We were seeking a partner that would help expand Intelenex’s market globally while complementing our business strategy and still be compatible with our culture,” noted Dave Krauthamer, CEO and Managing Partner of Intelenex. “Emtec’s experience and strategic focus on cloud technologies are a perfect fit. We are looking forward to joining the expanded global team.”
With over 50 Oracle Fusion client implementations under its belt, Intelenex significantly strengthens Emtec’s existing cloud capabilities and talent pool. “The combined group becomes the #1 National Partner for Oracle Cloud solutions across HCM, ERP, BI and EPM. We are extremely pleased to welcome Intelenex associates into the family,” said Don Sweeney, Managing Director of Enterprise Transformation Services for Emtec.
This acquisition was effective July 9, 2015.
We were seeking a partner that would help expand [our] market globally while complementing our business strategy and still be compatible with our culture. Emtec’s experience and strategic focus on cloud technologies are a perfect fit. We are looking forward to joining the expanded global team.
CEO and Managing Partner