Madison Park Group
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New York, NY 10016
T: 212.776.1984
Over 200 corporate finance transactions with a total transaction value of $30+ billion.
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Christian Vansant
Managing Director
Ralph Verrilli
Managing Director
Sean Stouffer
Senior Associate
Waltham, Massachusetts – February 9, 2020 - Madison Park Group is pleased to announce that its client, LSI Consulting Inc. (“LSI”), a leading provider of implementation and application managed services for the SAP ecosystem, has combined with Invenio Business Solutions Limited (“Invenio”), a UK-based SAP technology consulting firm backed by Business Growth Fund Limited (“BGF”). The transaction was led by Chris Vansant of Madison Park Group's IT & Managed Services practice with support from Ralph Verrilli and Sean Stouffer.
LSI’s extensive experience with SAP’s digital core and cloud solutions in North America, combined with Invenio’s strengths in SAP solutions for tax and revenue management and digital supply chain in Europe, the Middle East and Asia Pacific, create a broad solutions platform for SAP customers worldwide. With deep industry expertise at all levels of public sector as well as commercial practices in education, healthcare, utilities, consumer packaged goods, media and entertainment, manufacturing, and pharmaceuticals, LSI and Invenio are poised to become leaders in the global SAP solutions marketplace. The transaction positions the combined organization as a premier global partner to SAP serving public and private sector customers globally while generating over $100 million of revenue and strong EBITDA margins.
The expanded capabilities of the new organization, which has SAP, Amazon Web Services, Microsoft Azure, and Google Cloud Platform accreditations, include:
“Public services are in a period of revolution, where truly breakthrough digital transformations are being conducted at a breadth and pace like never before. As a long-term partner to regulated industries, our purpose is to accelerate the impact of these advancements through deep customer partnerships and by leveraging secure and cutting-edge technologies engineered by SAP to create the intelligent public enterprise. Invenio is a highly regarded player in the tax and revenue management space and shares our commitment to solution-oriented customer partnership and a superlative customer experience. We will leverage our collective history and complementary solutions to enable our customers’ success and ultimately to improve the lives of constituents around the globe. We’re proud to join forces with their first-class team and to continue our journey together.”
Steve Roach, Co-Founder and CEO, LSI Consulting
“A deal like this requires considerable expertise – an understanding of the SAP partner ecosystem and the impact of complex technological factors including the cloud and indirect sales channels. In the technology world the only constant is change. MPG was a great partner. They understood our business, identified the appropriate partner, assembled a team of professionals to work through the details of the transaction and delivered when it counted.”
Shyamal Jajodia, Co-Founder and Partner, LSI Consulting
“MPG is a strong believer in the market potential of the SAP Application Services ecosystem, a segment projected by 360 Market Updates to reach $90 billion globally by 2026. To this end, we are pleased to assist LSI in joining forces with Invenio to create a premier global SAP solutions provider. With unparallel capabilities serving public sector customers as well as a wide variety of commercial clients, the two organizations have very complementary delivery capabilities, industry domain expertise, and geographic footprints. Most importantly, the fit between the two businesses in terms of culture, work ethic, and commitment to customer success is readily apparent. We are honored to help the LSI team take its business to greater heights by partnering with Invenio and look forward to assisting the combined organization reach its true potential in the future.”
Christian Vansant, Managing Director, Madison Park Group
Madison Park Group acted as the exclusive financial advisor, and Pierce Atwood acted as legal advisors to LSI. The sale represents the latest transaction for Madison Park Group’s dedicated IT & Managed Services practice.
