Month: March 2017

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Silver Lining Solutions Ltd, a provider of industry-leading employee performance optimisation software, which has been acquired by Genesys, the global leader in omnichannel customer experience and contact centre solutions.

Silver Lining Solutions develops employee performance optimisation software that helps improve employee engagement and performance, enabling organisations to serve customers better, increase sales and operational effectiveness, and reduce costs. The award-winning UK-based company was founded in 2001 and has offices in the UK, Asia Pacific and the United States.

The acquisition of Silver Lining Solutions will further expand Genesys’ capabilities to help organisations elevate employee engagement and improve business results related to sales,collections, workforce productivity, and customer satisfaction.

Silverpeak were the lead adviser on the transaction initiating the process with global strategic acquirers, advising management and the three institutional shareholders, and negotiating the transaction through to final completion. Terms of the deal were undisclosed.

Ed Wass, CIO at Catapult Ventures said “Silverpeak helped corral us over the line. This deal had some challenges, some I’ve seen before, some I haven’t. It needed great determination and not a little patience in sorting out the detail.”

Stephen Edwards, Chairman of Silver Lining Solutions commented “Obviously our first responsibility was to get the best possible return for our investors, and we have done that. However, we also had a duty to try to find a suitable result for our people, our product and our customers which we have achieved.”

Paddy MccGwire, the Managing Partner at Silverpeak leading the process, said “This is another enterprise software sale where we were dealing with strategic buyers from Israel, Europe and US, with San Francisco based Genesys winning the prize. There was an added complexity that three of the parties were either partners or OEMs that required careful management to protect the business.”

Silverpeak, the technology investment bank, acted as the exclusive financial advisor to Virtual Clarity, a leading provider of IT-as-a-Service (ITaaS) transformation strategy
and leadership, on its investment by Computer Science Corporation (NYSE:CSC), a global leader in next-generation IT services and innovative cloud solutions.

Under the terms of the agreement, CSC will make an undisclosed investment in Virtual Clarity to accelerate the company’s leading transformation consulting services targeting the Financial Services, Insurance, Telecom, and Manufacturing industries. Virtual Clarity will become a Strategic Affiliate of CSC and will collaborate on
joint go-to-market pursuits with CSC.

Virtual Clarity has significant knowledge and experience in helping global clients solve large, complex business problems and building lasting value for customers and partners. Its ClearTransformation service enables companies to accelerate business innovation, overcoming the inertia of legacy IT by transforming the traditional IT operating model to nimble IT-as-a-Service. Last year, Virtual Clarity has exceeded 35% annual growth with over half the revenues coming from clients in North America.

Silverpeak acted as the sole advisor to Virtual Clarity, leading the process with parties across three continents, advising the company through all phases of the deal, and negotiating the
transaction to achieve a successful outcome for all parties.

Steve Peskin, CEO of Virtual Clarity commented “The strategic options for companies like ours, including trade sale, are getting more innovative in a world where collaboration (replacing
ownership) and preserving culture are recognised as key components of value creation. Without expert advice on the complexities of new, innovative ways of unlocking the value in their
business management will start to struggle to understand the options, choose the right one and execute the right transaction in the right way which will include explaining it to shareholders.
That’s why we used Silverpeak. It worked.”

Virtual Clarity’s Chairman Charles Grant said “We have collaborated very successfully with Paddy MccGwire on a number of occasions. The genial manner, combined with a practical and
meticulous approach has been a winning formula for us. It’s great working with the Silverpeak team.”

Paddy MccGwire, the Managing Partner at Silverpeak leading the process, said “We are delighted to have worked with the team again, who have created a fairly unique asset. This hybrid strategic
investment and partnership by CSC will provide access to resources and customers with aligned objectives that can catapult the growth rate of the business further.”