Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to TeamTek Consulting on its strategic sale to Accolite Digital, a New Mountain Capital portfolio company.
From start to finish, Technology Holdings' guidance, support and skill in navigating the entire process has been invaluable. Their understanding of the digital transformation market, the mechanics that drive valuation and how to navigate negotiations were crucial to achieving a successful deal and we are delighted with the outcome. The TH team were always on hand to provide key strategic advice and consistently took the heavy lifting away from us. They truly became our trusted advisor and counsel, and we would highly recommend them.
Co-Founded by Christine Al Khalil, Johann Doassans, and Rizvan Katchera, TeamTek has deep expertise in Capital Markets focused digital services for investment banks, clearinghouses, and asset managers. Its services span digital strategy and technology advisory, capital markets enterprise platform integration (Murex, Orchestrade, Calypso), DevOps and DataOps solutions. Its end-to-end value proposition and strategic partnerships provide a holistic approach to solving clients’ complex challenges while assisting them on their digital transformation journey.
With the acquisition of TeamTek, Accolite deepens its Capital Markets focused digital services for investment banks, clearinghouses, and asset managers “We are excited to partner with TeamTek and welcome their team of technology experts to Accolite. Together, we will sharpen our offerings in Capital Markets as we aspire to be the global leader in digital transformation services,” said Leela Kaza, Founder and CEO of Accolite. “TeamTek’s deep domain expertise and proven track record delivering to large Banking and Financial Services clients will further deepen our presence in the EMEA & APAC regions.”
“Our identities are aligned. We share with Accolite similar values, drive for excellence, and singular focus on delivering superior customer success. Accolite is a great fit and will reinforce our role as the go-to trusted partner by extending our offerings across cloud and digital engineering services,” echoed TeamTek’s management team.
Vivek Subramanyam, Founder and CEO of Technology Holdings said “We are delighted to have closed this transaction in the capital markets technology space – it is also our twenty-eighth Fintech transaction. We are pleased with the outcome achieved for the company and excited about the possibilities ahead for TeamTek in combination with Accolite Digital”