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UK-based private equity technology consultancy expands Crosslake’s global capabilities
Crosslake
CHARLOTTE, NC, Jan. 18, 2023 (GLOBE NEWSWIRE) — Crosslake Technologies, a leader in data-driven technology consulting services for private companies and their portfolio companies, today announced the acquisition of Intechnica, a technology firm. , creating value and bespoke digital products and solutions. Headquartered in Manchester, England, Intechnica will accelerate Crosslake’s global growth strategy.
“Our mission is to help investors and management teams create value by providing the most important technology expertise, data and tools,” said Crosslake CEO Bar Blanton. “Intechnica has built a stellar team with a similar vision and complementary capabilities. In addition to their impressive history as consultants, Intechnica is uniquely positioned to use its digital labs and data science expertise to help companies take some of the most common steps. Unsolved technology challenges during hard work, accelerating products and solutions that make lasting impact.” .
“Together, the combined teams of Crosslake and Intechnica will be leaders in Europe, leveraging each other’s strengths and accelerating value creation for customers,” said Jeremy Gidlow, founder of Intechnica. “Crosslake’s experience, data and expertise – particularly in cybersecurity, engineering and enterprise systems – will complement our existing offerings and enable us to create greater impact for clients. At the same time, we can leverage Crosslake’s global reach to expand the impact of our digital labs and data science services.”
Crosslake is backed by Charlotte-based private equity firm Falfurias Capital Partners, and the acquisition of Intechnica marks Crosslake’s fourth strategic growth investment since 2020. Expanded offerings in cyber security, enterprise systems, integrations and captures.
“With a clear vision and strong leadership team, Crosslake continues to solidify its position as a premier technology advisory firm for private equity investors and their portfolio companies,” said Wilson Sullivan, partner at Falfurrias Capital Partners. “They have a track record of success in expanding their solution portfolio by acquiring organizations that share their commitment to customer service and thought leadership in technology.”
About Crosslake
Crosslake in 2010 Founded in 2010 by a member of Microsoft’s Engineering Excellence team, it aims to help changemakers buy, build and run value-creating technology. Crosslake’s unrivaled community of technical experts – former CTOs, CIOs, architects and engineers – are skilled at translating technology buzzwords into actionable, business-focused insights. Their expert judgment is supported by the proprietary Corsis® platform, which uses data from over 3,500 technology M&A transactions to provide concrete, measurable TechIndicators® that private equity investors and management teams rely on to inform due diligence and deliver strategic value creation initiatives. Learn more: www.crosslaketech.com
About Intechnica
Intechnica assesses, advises and builds technology for some of the UK’s fastest growing brands. Founded in 2006, Intechnica works with businesses, investors and enterprises to bring about technology change. A trusted advisor to the private equity industry, Intecnica’s unique assessments and technology diligence have supported more than 350 transactions worldwide, valued at more than $15 billion. Intecnica’s specialist consultancy services support growing companies in providing technical leadership, product innovation, management and reporting. These services are complemented by Intechnica’s digital labs, which help businesses unlock high-performance, technology solutions for financial services, retail, healthcare, manufacturing and the public sector. Learn more: www.intechnica.com
About Falfurria Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by former Bank of America Chairman and CEO Hugh McColl Jr.; Mark Oaken, former CFO of Bank of America; and managing partner Ed McMahon. The firm has raised over $1.9 billion across five funds and invests in emerging middle market businesses leveraging the firm’s operational resources, relationships and industry expertise to complement portfolio company executive teams in support of growth objectives. Falfurias Capital Partners uses a proprietary research-based process called “Industry First” to identify sustainable growth trends in the market and collaborate with management teams to build a thesis based on research findings and create strategic value. For more information, visit www.falfurriascapital.com.
Your identity information:
Kerry Atkinson
kerria@crosslaketech.com
+1 (214) 5322552
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Figure 1: Crosslake
This content was released via the press release distribution service at Newswire.com.
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