CHICAGO, March 26, 2020 /PRNewswire/ — Alfresco Software Inc. (Alfresco), an open supply content material providers expertise supplier, not too long ago acquired Technology Services Group, an enterprise content material administration consulting, software program and providers agency. Sikich Investment Banking served because the unique sell-side adviser to TSG.

“I’ve had the pleasure of understanding TSG founder and proprietor Dave Giordano and watching the expansion and success of TSG for years,” stated Rick Herbst, partner-in-charge of Sikich Funding Banking. “It’s a particular firm, and I imagine the union with Alfresco can be a win-win for each. It was rewarding to attract on our expertise engaged on expertise business offers to efficiently deliver these organizations collectively.”

Alfresco builds and markets a cloud-native Digital Enterprise Platform that helps firms join, shield and unlock worth from their most vital info. TSG’s OpenContent Administration Suite contains options that assist customers simply discover and entry paperwork, enhance kind and workflow processes, effectively annotate supplies, and extra.

“We benefitted enormously from working with a trusted funding banking adviser,” stated TSG founder and proprietor Dave Giordano. “Rick and his crew have been true companions and helped us navigate the fast-paced and high-stakes deal course of. We’re tremendously excited concerning the new alternatives that we can deliver to our purchasers and our workers by turning into a part of Alfresco. Becoming a member of Alfresco permits us to proceed to supply our merchandise, options and providers to all of our present purchasers in addition to further Alfresco clients, backed by the power and assist of a globally acknowledged chief within the Content material Providers market.”

Sikich Funding Banking provides mergers and acquisitions and capital markets advisory providers. The crew has deep expertise throughout many industries, notably expertise, manufacturing and distribution, well being care and life sciences, and enterprise {and professional} providers.

Transaction phrases weren’t disclosed.

About Sikich LLP 
Sikich LLP is a worldwide firm specializing in technology-enabled skilled providers. With greater than 1,000 workers, Sikich attracts on a various portfolio of expertise options to ship transformative digital methods and ranks as one of many largest CPA corporations in the US. From companies and not-for-profits to state and native governments, Sikich purchasers make the most of a broad spectrum of providers* and merchandise to assist them enhance efficiency and obtain long-term, strategic targets.

*Securities provided by way of Sikich Company Finance LLC, member FINRA/SIPC.  Funding advisory providers provided by way of Sikich Monetary, an SEC Registered Funding Advisor.

SOURCE Sikich

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