Announced
Completed
Financials
Sources
Tags
United States
Information / Data Services
Private
Enterprise Performance Management
Acquisition
Friendly
Domestic
Single Bidder
Majority
Completed
Synopsis
Accordion, a private equity-focused financial and technology consulting firm, completed the acquisition of Platform Specialists, an Enterprise Performance Management consulting firm. Financial terms were not disclosed. "We couldn’t be more excited to welcome Platform Specialists to the Accordion family, particularly during this moment when the role of digital enablement has never been more critical to PE-backed companies. When we conducted our recent report, ‘The State of the PE Sponsor-CFO Relationship,’ PE partners ranked finance process optimization as the number one area they would like their portfolio company finance departments to focus going forward. And 84% of CFOs acknowledged an immediate need to address and modernize their technology stack. Almost every stakeholder within the broader private capital space understands the criticality and urgency of technology enablement in order to scale and create value," Nick Leopard, Accordion CEO.
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