Deal Synopsis

Our Client: Virtual Clarity
Location: GB | US
Deal Type: Financing
Silverpeak Team: Matteo Pozzi
Paddy MccGwire

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.”