Alantra advises Isos Technology on its acquisition by The Acacia Group
SECTORTechnology
ServiceM&A
New York – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Isos Technology, an award-winning Atlassian Platinum partner, was acquired by The Acacia Group, a specialist investment firm focused on digital transformation. The transaction closed in Q4 2022 and the deal value was not disclosed.
Founded in 2005 and headquartered Tempe, Arizona, Isos enables customers to design, implement and scale their Atlassian environment. Having been named Partner of the Year in Enterprise in 2019 and ITSM in 2020, Isos leverages its expertise to deliver successful outcomes to customers across the public and private sector. In conjunction with the acquisition, Isos will combine with the Atlassian practice of another Acacia Group company, MajorKey Technologies. Like Isos, MajorKey is a Platinum and Enterprise Solution partner to Atlassian with deep experience in consulting, cloud migration and ITSM. Together under Isos, the combined business will form one of the largest pure-play Atlassian partners in the ecosystem.
Craig Dawson, Co-founder and Partner with Acacia, said, “The visionaries at Atlassian have created products and tools that are mission-critical to the digital transformation of businesses worldwide. By combining the outstanding Atlassian teams from Isos and MajorKey, we are creating a new powerhouse to deliver the untapped potential of the Atlassian tools to a new generation of customers and build deeper, more capable relationships with current customers to drive more value from their Atlassian investment. We have been highly impressed by the quality and reputation of the people at Isos and are delighted that our valued colleagues from MajorKey’s Atlassian team will be part of another compelling growth story within the Acacia portfolio.”
“I’m thrilled to team up with Acacia and MajorKey to expand our service portfolio and strengthen our position in an already impressive Atlassian Partner community,” said Isos CEO Thad West. “The complementary skill sets and talent that Isos and MajorKey bring to the table will create an even more impactful experience for our customers, who are—and always have been—our number one priority. I’m also excited by the opportunities this creates for people from Isos and MajorKey as part of a dynamic and growing business, with a culture centered on collaboration and innovation. We’re looking forward to a very bright future together.”
This transaction highlights Alantra’s strong position and successful track record as advisors to companies focused on digital transformation. Alantra served as exclusive financial advisor to Isos Technology. The Alantra team advising Isos included Renee Shaening, Michael Lenoce, Alex Bader and Carter Nichols.
