Houston, TX and Columbia, Md., Dec. 20, 2017 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has signed a definitive agreement, subject to closing conditions, to acquire certain assets and the business of Hula Partners, a provider of SAP SuccessFactors Human Capital Management (HCM) implementation services. Leading technology and digital media focused investment bank and M&A advisory firm Solganick & Co. served as exclusive advisor to Hula Partners in its sale to GP Strategies Corp.
Hula Partners highlights:
- Founded in 2012 and headquartered in Houston, Texas
- Delivers the full life cycle of HCM solutions from planning to implementation and support
- Diverse customer base including energy, technology, pharmaceutical, utilities and other commercial clients
- SAP SuccessFactors Gold Partner, based on customer satisfaction and feedback
- Estimated revenues of approximately $7 million expected in 2017
This acquisition will strengthen GP Strategies’ ability to deliver comprehensive HCM services across its diverse global customer base. The transaction is expected to close on January 2, 2018 and is subject to customary closing conditions, including obtaining certain consents and agreements.
“Hula brings deep complementary core HR technical and functional expertise to the existing GP Strategies SAP SuccessFactors team,” stated Bill Finegan, Vice President, Enterprise Technology Solutions, of GP Strategies. “Hula’s core HR migrations involve large multi-year projects, allowing for cross-selling opportunities to our existing client base as well as recurring revenue opportunities for SuccessFactors support and optimization services. Upon closing, we believe that GP Strategies will be one of the most credentialed and experienced SAP SuccessFactors implementation partner in the world.”
“The opportunity to combine with GP Strategies to create a truly global, full service SAP SuccessFactors consulting practice is extremely exciting,” said John Plusquellec, Managing Partner at Hula Partners. “We have found GP and Hula to be very closely aligned with respect to delivering high quality services for all our customers. We can now offer our customers expanded certified consulting capability that delivers the best and most successful project experience across the globe.”
Additional information may be found at GP Strategies acquires Human Capital Management and SAP Success Factors Partner, Hula Partners.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
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The full press release can be found here: https://www.prnewswire.com/news-releases/gp-strategies-to-acquire-hula-partners-300573720.html
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