US Oracle-focused group makes move into Europe with UK acquisition
Deal Flash
Application Software Technology LLC (AST), a leading end-to-end digital transformation solutions provider (backed by Recognize LP) in the US, has acquired Symatrix Limited.
Symatrix is a leading IT and Oracle Cloud services provider working with public sector and enterprise clients in the UK. Founded in 2000, the company offers a full suite of digital transformation, implementation, application support and managed services, and is known for its product specialism across Oracle HCM & ERP, E-Business Suite and PeopleSoft. Symatrix is a Platinum Oracle partner, a position developed over 20 years, and is one of the few Oracle partners to offer a fully outsourced managed payroll service to its clients.
We selected Oaklins Cavendish due to their industry knowledge, professionalism and international partnerships. They have lived up to, and exceeded, our expectations. Working alongside the Oaklins Cavendish team for over two years, they expertly guided us through all stages of the process with a clear and proven approach, working tirelessly with us to achieve that. Not only did they achieve a successful outcome for our shareholders, but we also found an acquiring organization that offers a fantastic cultural fit and true synergies for the next stage of the journey.CHRIS BROOKS, CEO AND SHAREHOLDER, SYMATRIX
Oaklins' global reach and sector expertise facilitated this transaction
Oaklins Cavendish, based in the UK, advised the shareholders of Symatrix on the sale to AST. Oaklins TM Capital in Boston worked alongside the deal team to set up and support buyer conversations in the USA, including the pivotal connection with AST and Recognize LP as well as other competitive underbidders.
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