SWI was acquired by Alithya

Tequity Inc. Advises Systemware Innovation Corporation on their Strategic Sale to Alithya

Tequity Inc. acted as the exclusive financial advisor to Systemware Innovation Corporation (SWI), a Toronto-based information technology and software engineering consulting firm in their full market process and ultimate sale to Alithya, one of Canada’s leading strategy and information technology (IT) consulting firms, as part of the company’s growth strategy.

SWI is a leader in business intelligence and analytic solutions, servicing clients mostly in the Ontario region for over 35 years. This transaction will reinforce Alithya’s service offering and enhance its presence within the financial, energy and transportation sectors, in addition to enabling the expansion of its FinTech LAB services to the Ontario market. The acquisition is expected to be immediately accretive to earnings and result in a 17% increase to the current revenue run-rate.

In line with its North American growth plan, this transaction will enable Alithya to strengthen its talent pool with the addition of 200 highly qualified consultants and a talented Toronto-based management team who will be dedicated to servicing Ontario-based customers. Additionally, Alithya will access SWI’s high-profile clients who will benefit from Alithya’s increased capacity and ability to take on major projects across a broader base of industry sectors.

“The acquisition is an important step in the execution of our long-term North American strategy and provides a solid base to accelerate our growth outside Quebec. We are therefore very excited to welcome the SWI professionals to our team, which now counts more than 1500 experts. SWI has an impressive reputation with their customers, and we share a similar culture and values, in addition to a commitment to quality and innovation. The transaction is the logical outcome: SWI was looking for a platform to expand the scope of their operations and we were looking for a high quality, turnkey operation in Ontario,” explains Paul Raymond, Alithya’s President and Chief Executive Officer.

“We are frankly delighted to join forces with one of Canada’s fast growing top strategy and information technology consulting firms and significantly strengthen the scope of our combined service offering to our clients. This new critical mass will meet our customers’ evolving needs and expectations, while at the same time creating new challenging opportunities for our consultants with an entrepreneurial spirit,” adds Nigel Fonseca, Chief Executive Officer of SWI.

About SWI

SWI is a full service software and engineering consulting firm with a 35-year track record of successfully delivering value added solutions to enterprise customers, primarily in the financial, energy and transportation sectors, including specialized solutions for the nuclear industry. SWI is an industry leader in Business Intelligence and Analytic solutions that assist customers achieve business insight, while improving overall processes. SWI also offers a full range of software consulting services, ranging from software development and integration to strategic planning and project management. SWI has built strong, lasting, long-term relationships with its customers and is trusted to bring business expertise and flawless project execution to high impact technology projects.  www.swi.com

About Alithya

Alithya is one of the most prominent privately held, strategy and information technology consulting firms in Canada. Founded in 1992, the firm advises, guides and assists its clients in their pursuit of innovation and excellence. Alithya prioritizes the achievement of business objectives on every project, through the optimal use of information technology. Its clients are mainly active in financial services, telecommunications, energy, transportation, health care and government services. In addition to the prominent role it affords women, most notably in executive positions, Alithya is known for its deep social commitment. Alithya has more than 1,500 professionals in Canada, the United States and France.  For more information, visit www.alithya.com

Tech M&A transactions are all we do

Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.

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