Bowstring Advises itelligence, Inc. in its Acquisition of Symphony Management Consulting
December 23, 2014 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to itelligence, Inc. (“itelligence”), in its recent acquisition of Symphony Management Consulting (“Symphony”), a SAP and SuccessFactors partner in North America specializing in human capital management (HCM) consulting services and headquartered in Charlotte, N.C.
“This acquisition will immediately expand itelligence’s cloud footprint through a dedicated global practice, complement our capabilities, and increase our high-growth cross-selling opportunities. Furthermore, the experience Symphony brings to itelligence will further strengthen our ability to keep pace with SAP’s vision of 1 billion people in the cloud by 2015,” said Steve Niesman, president and CEO, itelligence North America.
Norbert Rotter, CFO, itelligence AG, added, “This strategic acquisition serves to further fortify itelligence’s presence in the U.S. and expand our regional and global market presence, especially in strong-performing SAP areas. By adding Symphony’s significant SuccessFactors and cloud experience, we’re better positioned to capture the full attention of our customers’ departmental business executives with our expanded capability and deliver full SAP value together through end-to-end business visibility, integrated planning, execution and consolidated reporting.”
Niesman further noted, “Bowstring’s knowledge of and experience within the SAP ecosystem was paramount to identifying Symphony and the capabilities it brings to our long-term strategy. We are thankful for the Bowstring team’s counsel, support and dedication to the process.”
“We are very excited to be joining itelligence,” said Kellie Fitzpatrick, co-founder and CEO, Symphony. “Symphony and itelligence share an innovative spirit and a willingness to invest in SAP hybrid cloud integration, which Symphony has demonstrated by developing the only SuccessFactors Employee Central with Employee Central Payroll integrated rapid deployment solution in the country.”
Don Holbrook, Managing Director at Bowstring Advisors, commented, “This marks our second acquisition as the advisor for itelligence. The Symphony acquisition is a great follow-up to Aster and really solidifies itelligence’s position in the market.”
itelligence, Inc.’s purchase of Symphony Management Consulting is effective October 1, 2014.
Bowstring's knowledge of and experience within the SAP ecosystem was paramount to identifying Symphony and the capabilities it brings to our long-term strategy. We are thankful for the Bowstring team’s counsel, support and dedication to the process.
President and CEO
itelligence North America