Tequity acted as the exclusive financial advisor to AppsPro, a leading Oracle Cloud implementation service provider and Platinum partner. The financial terms of the transaction, which Accenture announced on May 3 pending customary closing conditions, were not disclosed.
The acquisition expands Accenture’s robust Oracle Cloud capabilities globally, helping to deliver additional value to clients in the Middle East on their journeys to the cloud. AppsPro is a Platinum Oracle Partner with extensive experience in both the public and private sectors in the Middle East. AppsPro adds more than 240 professionals to the Accenture Oracle Business Group, broadening in-region capabilities and deep industry knowledge in cloud and digital transformation.
Interest in digital transformation companies has exploded in the past 12 months, fuelled by the impact of the global pandemic and other drivers, including open financing markets, huge volumes of dry powder in private equity funds, the rapid rise of SPACs entering the market, and large numbers of strategic buyers around the globe using M&A to meet their growth objectives.