Valiantys to acquire the consulting business of Addteq, Inc. to deepen Atlassian’s services and capabilities in North America
The acquisition of Atlassian Platinum Expert will support continued growth, enable service expansion and strengthen Valiantys’ talent base.
PARIS and BOSTON, November 3, 2022 /PRNewswire/ — Valiantys, one of Atlassian’s leading global consulting and services companies, today announced that it has signed a definitive agreement to acquire the Atlassian services division of Addteq, Inc. (“Addteq” ). This acquisition will be made possible thanks to the investment and operational support of Capital Keensightone of the leading Private Equity managers dedicated to international Growth Buyout1 investments, and majority shareholder of Valiantys since June 2022.
Based at Princeton, New Jersey, Addteq has two main divisions: an Atlassian Platinum Solution partner company, which offers a range of services to Atlassian enterprise customers, and an Atlassian Marketplace company, which creates applications and extensions for Atlassian products. Addteq decided to focus its efforts on its Marketplace business, so it was natural for the services team to partner with Valiantys.
“Strategic Acquisition Will Deepen Valiantys Services Capabilities, Strengthen Its Coverage of the Financial Services and Healthcare Sectors, and Strengthen its Coverage of the U.S. East Coast Region,” said Lucas Dussurget, Global CEO of Valiantys.
“DevOps is essential for companies that need to shorten software development cycles, innovate faster, and reduce deployment failures. As an Atlassian Platinum Partner, Addteq has an impressive track record in deployments and managed services of Atlassian solutions. We are delighted to welcome them to the Valiantys team,” said Emmanuel BenoitCEO North America at Valiantys.
Valiantys and Addteq have close relationships with Atlassian and its ecosystem. Valiantys has been a dedicated partner of Atlassian since its inception in 2006 and has been recognized as Atlassian Partner of the Year in six of the past seven years. Addteq has been named one of Atlassian’s Platinum Experts.
“Divestment our consulting services and their transition to Valiantys allows our team to focus 100% of our efforts as a software publisher,” said Soukhbir DhillonPresident and CEO of Addteq. “Valiantys has built a strong brand in the Atlassian ecosystem, and we have a common goal to help our customers maximize their Atlassian investment. Our services division’s experience in key vertical markets, such as financial services, telecommunications, industrials and healthcare, will help Valiantys drive growth and enable our former Addteq customers to achieve their goals faster..”
“We are pleased to have supported the Valiantys team in this strategic acquisition,” said Philip Crochetmanaging partner at Keensight Capital. “We strongly believe in Valiantys’ ability to grow its talent pool and global footprint. We will continue to support Valiantys’ leadership team to accelerate this trajectory through further international expansion.”
1 Growth buyout: investment in profitable and fast-growing private companies, through minority or majority equity investments with or without leverage, according to a flexible approach adapted to the needs of individual entrepreneurs, in order to finance organic growth projects, acquisition strategies, or to provide liquidity to historical shareholders.
Valiantys is a global leader in consulting and services dedicated to Atlassian. The company is accelerating business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unmatched and Valiantys supports its clients across the entire spectrum of projects on these platforms. As a recognized Agile at Scale and Cloud Specialized Partner, Valiantys helps organizations accelerate time to value with Agile at scale, cloud and ITSM implementations. Because teamwork requires more than just tools, the company bridges applications and mission-critical practices like SAFe® and ITIL. Over the past 15 years, Valiantys has helped over 5,000 clients achieve desired business results in reduced time to value through better team collaboration. You can find more information about Valiantys at https://valiantys.com/.
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Addteq is a leader in providing business solutions to enterprise customers. Addteq has been in the business for over 10 years. Through the use of DevOps automation, Addteq strives to create innovative solutions to solve business processes. Customers rely on Addteq to modernize the software delivery process by delivering Atlassian solutions, building custom add-ons, conducting training, offering hosting, performing DevOps services, and providing global support services. More information can be found at https://www.addteq.com/.
About Keensight Capital
Keensight Capital, one of the leading international growth buyout firms, is committed to supporting entrepreneurs in the implementation of their growth strategies. For more than 20 years, Keensight Capital’s team of experienced professionals has relied on its knowledge of the investment and growth sectors to invest for the long term in profitable companies with high growth potential and whose revenues are range between 10 and 400 million euros. Drawing on its expertise in the technology and healthcare sectors, Keensight identifies the best investment opportunities and works closely with management teams to develop and realize their strategic vision. Keensight Capital’s success has also earned it a Gold Award from the Private Equity Exchange & Awards every year for the past six consecutive years, and in particular, the Best European Growth Private Equity Fund.
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