Published on PrivateCapitalJournal.com by Ted Liu
Fusion Agiletech Partners, Inc. has acquired Quisitive, LLC, Dallas, Texas based digital technology consulting firm. Financial terms were not disclosed.
Under the terms of the agreement, Toronto baed Fusion Agiletech, will oversee Quisitive’s Microsoft-aligned IT services strategy and the product development strategy, and intends to go public in Canada in 2018.
Mike Reinhart, President and CEO of Quisitive, will become CEO of Fusion Agiletech and will remain President of Quisitive. Quisitive will continue to be based in Dallas.
Fusion Agiletech Partners is building one of North America’s largest capabilities in customer-oriented information technology solutions, specializing in blockchain and transformative technologies, strategy and management consulting, agile software development, digital transformation, cloud and data analytics, and is a key Microsoft partner.
The acquisition will fund investments in blockchain product innovation and acquisitions of IT services firms that will drive Quisitive’s growth strategy to build one of the industry’s largest Microsoft Consulting Services firms over the next two years, bringing high value to Microsoft and their customers. Quisitive will focus investments in acquisition of Microsoft-focused IT services firms that expand its geographical footprint across North America, specialize in key vertical markets that include the financial services, oil and gas and manufacturing industries, and deepen its expertise and innovation in blockchain, cloud and agile development technologies.
“I’ve invested in Microsoft technologies and leadership for more than 25 years with a vision to build one of the leading Microsoft IT Consulting Services firms,” said Reinhart. “Partnering with Fusion Agiletech is the catalyst to make that vision a reality by increasing our vertical market depth, deepening our technological expertise and expanding our geographical reach. We look forward to providing even more value for our customers by creating new opportunities in blockchain, cloud and agile development-areas poised for tremendous growth.”
“Under the leadership of Mike Reinhart, Quisitive is recognized for helping companies transform their businesses to function in today’s digital world by leveraging the strength of their Microsoft partnership, technical expertise and strategic management consulting,” said Shane Maine, co-founder of Fusion Agiletech Partners, Inc. “We see rapid growth potential in Quisitive’s unique breed of IT services and are excited to be part of the journey, especially as more companies recognize the value of blockchain technology.”
Link to Published Article: https://privatecapitaljournal.com/fusion-agiletech-acquires-quisitive-plans-ipo-2018/