SEATTLE, WA – February 28, 2017 – Avanade announced it has acquired Infusion, a global software engineering, design and digital strategy firm that delivers digital business transformation for the enterprise with strong Microsoft technology expertise. The acquisition expands Avanade’s capabilities to deliver digital transformation services and reinforces its position as the leading digital innovator in the Microsoft ecosystem. Terms of the acquisition were not disclosed.
Avanade clients, particularly in financial services and capital markets, will benefit from Infusion’s digital expertise in application modernization, customer experience, enterprise productivity, business insights and emerging technologies. And Infusion clients gain access to the largest team of Microsoft experts in the industry who deliver leading digital and cloud services that drive growth, innovation, and revenue.
Infusion, a major global software engineering and digital strategy firm, has 600 employees globally with offices in New York, Raleigh, Houston and London, and innovation centers in Toronto and in Wroclaw and Krakow, Poland, which expands Avanade’s operations in Europe. In addition to financial services companies, Infusion also serves clients in the oil & gas, retail, healthcare, education, and travel & leisure industries.
“Infusion has been on a tremendous growth trajectory and we are very proud of the company we’ve built. This is absolutely the right time for us to join Avanade to achieve even greater success. We share a similar culture of innovation as well as the strength, scale and international footprint required to deliver the best digital solutions for our clients,” said Alim Somani, president of Infusion. “Our people will now have access to award-winning training and career development resources that will facilitate growth and new opportunities. This is an exciting time for both companies.”
“We are delighted to welcome the Infusion team to the Avanade family,” said Mick Slattery, president of North America, Avanade. “This acquisition brings together two organizations whose cultures are based on a client-first approach to digital transformation. In this time of unprecedented change in the marketplace, it also reaffirms our commitment to bringing bold and fresh experiences to our clients and their customers.”
Fairmount Partners served as the exclusive financial advisor to Infusion, while Blank Rome provided legal counsel. “Infusion selected Fairmount Partners as its investment banking advisor because of the quality and depth of its historical relationships with firms like ours. The unique complexities of our successful transaction with Avanade/Accenture required a very strong investment banking team. Fairmount provided that and supported our Infusion team superbly throughout the entire process,” remarked DeBorah Brill, Co-Founder of Infusion.
Infusion is a global software engineering, design and digital strategy firm that helps expedite digital business transformation for the enterprise, with deep domain expertise in financial services, insurance and capital markets. Infusion helps companies develop next-generation digital business solutions in Application Modernization, Customer Experience, Enterprise Productivity, Business Insights and Emerging Technologies. Infusion’s team of 600 employees, across 7 global offices (New York, Raleigh, Houston, Toronto, London, Krakow and Wroclaw) is driven by a customer-centric, collaborative and innovation culture. Learn more at http://www.infusion.com.
Avanade is the leading provider of innovative digital and cloud services, business solutions and design-led experiences delivered through the power of people and the Microsoft ecosystem. Our professionals combine technology, business and industry expertise to build and deploy solutions to realize results for our clients and their customers. Avanade has 29,000 digitally connected people across 23 countries, bringing clients the best thinking through a collaborative culture that honors diversity and reflects the communities in which we operate. Majority owned by Accenture, Avanade was founded in 2000 by Accenture LLP and Microsoft Corporation. Learn more at http://www.avanade.com.
About Fairmount Partners
Fairmount Partners, headquartered in suburban Philadelphia, is a leading independent M&A advisor to the information technology (IT) and business services industry. The firm specializes in advising middle-market growth companies with mergers and acquisitions, capital raising and strategic advice. Fairmount has completed more than 185 transactions throughout North and South America, Europe, Asia and Australia. Fairmount Partners is a registered Broker Dealer, member FINRA (www.finra.org) and SIPC (www.sipc.org).
Principals of Fairmount Partners acted as advisors to Infusion in this transaction.
For more information, please visit: http://www.fairmountpartners.com.