Case Study

iXerv Acquired By The Silicon Partners

has been acquired by

Solganick & Co. serves as the exclusive sell side advisor to the leading HR and HCM transformation services company, iXerv in its acquisition by IT services consultant, The Silicon Partners.

About iXerv

iXerv Americas is the leading provider of HR and HCM transformation services leveraging SAP SuccessFactors Human Experience Management (HXM) software suite. The company was the Americas division of iXerv Global, and has offices and clients in the United States, Puerto Rico, Mexico, Brazil, Colombia, and Peru.

Situation

  • The founder of iXerv selected Solganick & Co. to assist in evaluating and executing its M&A plans after the Company received significant inbound interest from the market.
  • The Solganick & Co. team was confident in its ability to leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.
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About The Silicon Partners

The Silicon Partners Inc (TSP) is a fast-growing IT Services company headquartered in Folsom, California. TSP was created from a long and successful IT Services legacy of its founders. The founding team has experience of over two decades in delivering projects and has been on the forefront in enabling enterprise transformations.

Outcome

  • Solganick & Co. conducted an efficient, focused and highly competitive M&A marketing process targeting strategic buyers.
  • Several highly-qualified parties expressed interest and 12 of them submitted offers.
  • After discussions and preliminary negotiations with numerous groups, The Silicon Partners ultimately put forth the most compelling offer.
  • Through the transaction, iXerv’s shareholders were able to maximize cash at close with a very attractive market driven transaction multiple.
  • The transaction was announced and closed in April 2021.
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