MCLEAN, Va.--(BUSINESS WIRE)--Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the closing of the previously announced acquisition of Meteorix LLC by IBM (NYSE: IBM). Clearsight served as the exclusive strategic and financial advisor to Meteorix. This highly successful transaction highlights Clearsight’s unrivaled position as the advisor of choice for IT services, cloud services and management consulting businesses.
Workday is one of the world’s leading providers of enterprise cloud applications for finance and HR. With an exclusive focus on Workday, Meteorix has cultivated deep expertise and best practices for maximizing returns from the strategic use of the Workday platform. Meteorix has more than 200 certified Workday consultants and a track record of success delivering complex, high-value services to innovators across a wide range of industries. The acquisition of Meteorix will expand IBM’s ability to help clients deploy Workday applications and transform traditional finance and HR as well as build on IBM’s significant investments and research in cloud computing and workforce science.
“Meteorix engaged Clearsight to accelerate its strategic growth plans because of their unique knowledge of the Workday eco-system and their proven track record of success in the professional services sector. As the process unfolded they proved to be a true business partner, adding significant value throughout the process. Not only did Clearsight conduct a comprehensive marketing and vetting process but as the transaction unfolded they provided sound, insightful coaching and counseling. The advice and guidance Clearsight provided played a significant role in the success of our transaction,” said Sam Spector, President and Chief Executive Officer of Meteorix.
“The Meteorix team has built an extraordinary business. We are honored that Frank and Sam trusted and selected us to be the exclusive advisor in this monumental transaction,” said Greg Treger, Co-Founder and Managing Director of Clearsight Advisors.
Financial terms and conditions were not released.
Clearsight Advisors is an independent merchant banking firm dedicated to providing world-class M&A and capital raising solutions exclusively to growth-oriented Business Services and Technology companies. Clearsight combines deep market insights across software, services and data. This market knowledge combined with superior strategic and financial advice allows Clearsight to act as a catalyst, enabling entrepreneurs, private equity owners and board of directors to successfully advance their vision. Clearsight Capital Advisors, Inc., a wholly owned subsidiary, is a registered member of FINRA & SIPC. For more information visit www.clearsightadvisors.com.