Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Sett & Lucas Advises TruQua on Its Strategic Sale to IBM

Sett & Lucas represented Chicago headquartered TruQua Enterprises in the transaction. The acquisition will bolster IBM Services’ expertise in financial workflows with SAP and further strengthen the company’s hybrid cloud growth agenda

Sett & Lucas, a sector specialist investment bank in Enterprise Software, SaaS and IT Services, is pleased to announce the strategic sale of TruQua Enterprises, LLC to IBM. TruQua is a Chicago-headquartered SAP partner firm that is focused in delivering finance and analytics solutions to Fortune 500 companies.

As part of IBM’s hybrid cloud growth strategy to drive digital transformation for clients, IBM announced its intent to acquire TruQua.

Recommended AI News: Pudu Robotics Announces Newly Released Puductor2 to Improve Public Health Safety

“TruQua’s ‘Smart, Driven and Nice’ consultants will be able to quickly add to IBM’s already strong capabilities in the finance and analytics space. The Sett & Lucas sector specialist team’s knowledge of the SAP partner universe and their understanding of the analytics and cloud services market, helped land Truqua with the right partner,” said Scott Cairncross, TruQua co-founder.

Related Posts
1 of 26,842

“We see an amazing opportunity to amplify our differentiated knowledge assets via IBM’s solution portfolio, global reach and scale. During this process, Sett & Lucas went above and beyond to assist us, their attentive and hands-on approach helped us get a deal done that benefited our customers, employees and stakeholders,” said David Dixon, TruQua co-founder.

Recommended AI News: Huobi Labuan Launches in Malaysia to Provide Locals With Regulated Digital Asset Trading Services

Sett & Lucas continues to represent several clients in the Cloud marketplace across Software, SaaS and Services business models. “Today, there is a significant structural shift going on in the SAP universe. SAP is moving its customer base from on-premise to cloud. S4/HANA is at the forefront of this shift and TruQua’s finance-first approach leveraging its SAP Central Finance (CFIN) expertise is the perfect model to land and expand with digital transformation clients,” said Prabhu Antony, deal lead and Sr. Vice President at Sett & Lucas.

S&L through its M&A advisory services has been at the forefront of M&A and private equity investments in the SAP marketplace over the last ten years. “Enterprise Cloud and digital transformation continues to be a top priority on the acquisition list for global SIs. We at S&L will continue to explore merger situations with global public listed system integrators, to unlock shareholder value for boutique consulting firms,” says Tyler Block, Managing Partner at Sett & Lucas.

Recommended AI News: MSA (Mobile Sharing Assistant) by Fonebud IoT Berhad for an Ultimate Business Traveler

Leave A Reply

Your email address will not be published.