Transactions

Strata Information Group, Inc. is an IT consulting firm focused exclusively on the higher education sector. The company provides systems integration and IT assessments to universities and colleges across the U.S.

Situation

• The two co-founders had been running the company for the last 30 years and were ready to transition out for retirement.
• The company hired Solganick & Co. to run a sell-side M&A process and leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.

Pandera Systems, is a Google Cloud Premier Partner headquartered in Orlando, FL is a global analytics and technology provider with a primary focus on developing innovative data solutions leveraging the advanced capabilities of the cloud. Pandera engineers, data scientists, and technologists build and run leading-edge technology solutions by leveraging cloud, design thinking, data, and analytics through collaborative relationships with its partners and customers.

Itentive Healthcare Solutions focuses on software, consulting, information technology and integrated solutions. Headquartered in NY, the company provides full lifecycle business process consulting, systems implementation, application development and managed technology services for healthcare. Itentive helps physician groups and other healthcare organizations unlock the full value of their practice management and electronic health record software investments using a combination of proven best-practices methodology, real-world experience, and innovative state-of-the-art technology.

Lone Star Analysis is a Dallas-based predictive and prescriptive analytics specialist enabling customers to make smarter decisions faster by leveraging data and insights to provide foresight and enhance the decision-making of its customers. Lone Star’s TruNavigator®, AnalyticsOSTM, and TruPredict™ software programs provide transparent, auditable and explainable solutions for clients. Additionally, Lone Star applies the right combination of data, people and processes to get results with its 15 years of experience and more than 1,000 subject matter experts, across several industries, including aerospace, defense, energy, logistics, manufacturing, and transportation. Lone Star, visit.

Waypoint (“Waypoint”), headquartered in West Chester, PA is a leading provider of business intelligence, data management, and analytics solutions and IT services across the U.S. Waypoint has an impeccable track record with a blend of business knowledge, technical skills, and consulting expertise that translates into more value and less risk for their clients. Waypoint’s partners include Snowflake and Qlik.

Situation

• Waypoint’s founders and shareholders were in growth mode and ready to explore M&A options to continue its path to building scale within the data analytics solutions and consulting services sector.
• Waypoint selected Solganick & Co. to assist in evaluating and executing its M&A plans after the founders decided it was the right time to sell the company to a strategic buyer after interviewing 11 investment banks.
• The Solganick team was confident in its ability to leverage its deep industry domain expertise within the IT services and data analytics sectors and relationships to procure multiple high-quality offers in excess of the initial offer received by the Company.

COLUMBIA, MD and Houston, TX, Dec. 20, 2017 — 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. Solganick & Co. was the exclusive sell-side M&A advisor to Hula Partners.

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
• 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 http://www.hulapartners.com/.

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.

We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE GP Strategies Corporation