Boston Corporate Finance

AboutServicesTeamDealsNewsResearchContact

     
 

News Release

 

September 2007

 

September 17, 2007 -- Boston Corporate Finance Advises OKERE on its Sale to Fujitsu Consulting

Boston, MA – Boston Corporate Finance, a technology-focused investment banking firm and member of M&A International Inc., the world’s leading M&A alliance, announced that it has successfully advised OKERE, Inc. in its sale to Fujitsu Consulting, the North American consulting and services arm of Fujitsu Limited. OKERE is a privately-held, New York City-based leader in consulting services for Software-as-a-Service (SaaS)-based Customer Relationship Management (CRM) and other enterprise information solutions.OKERE-Fujitsu

“This acquisition is a testament to the increasing demand we are seeing in the marketplace for software-as-a-service applications and the dedicated services required to maximize their effectiveness,” commented Murray Beach, President of Boston Corporate Finance. “As the market for SaaS solutions continues to grow, expand to new applications and move upstream to large enterprise deployments, the IT services sector will need to grow and adapt with it. With OKERE, Fujitsu Consulting has taken the early lead in this evolution.”

The acquisition will form the basis of a new business unit within Fujitsu Consulting that will focus on providing a broad range of SaaS-based services and offerings. OKERE’s senior management team will remain with Fujitsu Consulting, providing continued leadership in business development and managing the progressive growth of the new unit.

“OKERE has enjoyed remarkable year-over-year growth since its inception by focusing on exceptional client service and delivery excellence in the fast-growing SaaS market,” said John Orrock, CEO and founder of OKERE. “We are very excited to become part of Fujitsu Consulting… combining our expertise in SaaS-based CRM solutions with the scale, global reach and resources of Fujitsu Consulting will enable us to further leverage our strong relationship with Salesforce.com for enterprise scale SaaS-based CRM applications and vertical solutions.”

“The OKERE acquisition is clear evidence that Fujitsu Consulting is building the service delivery models that clients demand,” said John Rose, President and CEO of Fujitsu Consulting. “SaaS is the next step in the evolution of service delivery for business and we are leading the way.”

OKERE’s operations in the United Kingdom and Australia will remain intact as part of the new business unit within Fujitsu Consulting. OKERE consultants will remain within their current assignments, ensuring continuity on existing projects and assuring clients of the same high-quality service. The financial terms of the acquisition were not disclosed.

About Boston Corporate Finance

Boston Corporate Finance, Inc. (BCF) is a technology focused investment banking firm serving industry leading companies in the global middle market. As an M&A International Inc. firm with offices in 38 countries across the globe, BCF is unique in its technology industry intelligence, transaction experience and global reach. Collectively, BCF and its M&A International partners closed over 290 transactions valued in excess of $17.5 billion in 2006. For more information on the services BCF offers, please visit www.bostoncf.com.

About M&A International Inc.

M&A International Inc. offers the unparalleled resources of 42 M&A advisory and investment banking firms operating in 38 countries. Its members are closely linked in a global alliance to advise clients on acquisitions, divestitures, funding and joint ventures. Focused on the middle market, M&A International members have completed over 1,000 transactions in the last five years, worth in excess of $60 billion, of which more than 250 transactions were cross-border. For more information, please visit www.mergers.net.

Contact: Candace Lyons, clyons@bostoncf.com

###

Boston Corporate Finance, Inc.
100 Lowder Brook Drive, Suite 1400
Westwood, MA 02090

Tel: (781) 320-3200
Fax: (781) 320-3220
E-mail: info@bostoncf.com

View this press release in PDF format.

Home | About | Services | Team | Deals | News | Research | Contact
©2006 Boston Corporate Finance