TM Capital’s Tech-Enabled Services team is off to a torrid start in 2014, completing three sell-side transactions in the past two months spanning the breadth of our TES expertise. Ranging from business process outsourcing (BPO) to outsourced product development (OPD) and IT infrastructure consulting, these deals represent the diversity of the transaction capabilities our team artfully delivers, including cross-border acquisitions, public company corporate divestitures and founder-owned, family-led private sales. Once again, TM Capital’s unique combination of industry insight and transactional expertise enabled us to engineer exceptional outcomes for these clients.

Tech-Enabled Services Research
To learn more about our Tech-Enabled Services practice, check out our research on the space, including our recently released Marketing Automation Software Industry Spotlight Report and our Monthly, covering the latest industry deal activity, news, rumors and trends.

Acxiom Divests 2Touch to Parseq

TM Capital, along with our M&A International partner, Cavendish Corporate Finance Ltd., served as financial advisor to Acxiom Corporation (NASDAQ: ACXM) in negotiating the cross-border divestiture of 2Touch Ltd. to UK-based Parseq plc. Acxiom, with revenues of over $1 billion, is an enterprise data, analytics and software-as-a-service company that drives data-driven marketing results for corporate clients worldwide. 2Touch, a subsidiary of Acxiom, is a premier UK-based technology-enabled outsourcing service provider. Acxiom divested 2Touch to Parseq, a comprehensive, PE backed, European business process outsourcing (BPO) service provider, as part of its strategy to focus on growing its core marketing technology business.

Xpanxion Acquired by UST Global

TM Capital served as the exclusive financial advisor to Xpanxion, LLC in its sale to UST Global, Inc., a leading provider of IT Services and Solutions for Global 1000 companies. Xpanxion is an outsourced product development (OPD) provider that delivers a robust suite of software engineering, quality assurance, business intelligence and mobile development services to a roster of long-term customers, ranging from independent software vendors to Fortune 100 companies. This acquisition enhances UST Global’s software engineering, QA and testing capabilities while significantly expanding its presence in the rapidly growing, US-based rural sourcing segment of the larger IT outsourcing industry.

Glasshouse Divests Assets to Signature Technology Group

TM Capital served as exclusive financial advisor to Glasshouse Technologies, Inc., assisting the company in the divestiture of its assets in a series of transactions to strategic parties, including Signature Technology Group. Glasshouse is a global provider of IT infrastructure services, delivering a comprehensive suite of solutions designed to assist customers in navigating the complexities of data center virtualization, storage and cloud technologies. Signature Technology Group, a privately held data center maintenance, professional services and hardware and software solutions provider, acquired the majority of Glasshouse’s US assets, bolstering its capabilities in high-end infrastructure consulting and expanding its geographic footprint.

For more information, please visit www.tmcapital.com/transactions.

What Our Clients are Saying

“The 2Touch divestiture is an important step in our strategy to refine our focus on our core marketing technology business. TM Capital and Cavendish worked seamlessly to evaluate the best possible alternatives for 2Touch and navigate the complexities of a cross-border corporate divestiture to deliver a successful outcome for all parties. We appreciate the senior level commitment from TM and Cavendish and their relentless dedication in completing this important transaction.”

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David Eisenberg, SVP Strategy and Corporate Development, Acxiom

“TM Capital has been a long-term advisor and our trusted partner. Their commanding knowledge of the IT Services industry, coupled with their outstanding transaction experience and cross-border expertise, helped us engineer an outstanding deal for all of Xpanxion’s shareholders.”

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Paul Eurek, CEO, Xpanxion LLC

About TM Capital
Celebrating our 25th Anniversary in 2014, TM Capital Corp. is a partner-owned investment banking firm based in New York, Boston and Atlanta, which has completed over 250 transactions with a combined value in excess of $14 billion. Since 1989, we have advised clients navigating a full range of critical transactions, including complex mergers, acquisitions, debt and equity financings, minority and majority recapitalizations, restructurings, and advisory services including takeover defense, fairness and solvency opinions, valuations, as well as litigation support. We have built deep industry expertise in key sectors and our team regularly publishes research highlighting current and emerging trends in targeted industries and markets. TM Capital is a member firm of M&A International Inc., the world’s leading alliance of mid-market investment banks with over 600 M&A professionals in 40 countries. Members have closed over 1,300 transactions totaling more than $75 billion in value over the past five years.