Fresche Solutions Acquires Redbourn Business Systems to Enhance Services Across UK and Europe
Deal News | Nov 06, 2024 | Globenewswire
Fresche Solutions, a leader in IBM i modernization, has acquired Redbourn Business Systems, a UK-based company specializing in IBM i Synon/CA 2E development and consulting services. This strategic acquisition enhances Fresche's capacity to deliver comprehensive IBM i services across the UK and Europe, signifying a milestone in the company's mission to support IBM mid-range solutions. The merging of these entities not only strengthens Fresche's service portfolio but also deepens its commitment to innovation in the modernization market. American Pacific Group, the private equity firm behind Fresche, emphasized that this acquisition will strengthen Fresche's global footprint and align with their goal of providing competitive solutions in the IBM i community. Operating with offices in the US, Canada, Europe, Australia, and India, Fresche Solutions aims to utilize Redbourn's deep knowledge and expertise to address evolving market demands, delivering exceptional support to IBM i clients globally.
Sectors
- Information Technology Services
- Private Equity
Geography
- United Kingdom – Redbourn Business Systems operates out of the UK and the acquisition strengthens Fresche's footprint in this geography.
- Europe – The expansion of Fresche Solutions' services aims to cater to clients across Europe, indicating the geographical impact of the acquisition.
- Global – The article mentions Fresche’s global operations, signifying a worldwide impact across various offices including the US, Canada, Australia, and India.
Industry
- Information Technology Services – The article focuses on IT modernization and transformation services, particularly related to IBM i systems.
- Private Equity – American Pacific Group's involvement as the backing private equity firm for Fresche highlights the PE sector's role in facilitating corporate growth and acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fresche Solutions | Acquirer | Company | A global leader in IBM i system modernization and transformation. |
| Redbourn Business Systems | Target Company | Company | A UK-based provider of specialized IBM i Synon/CA 2E development and consulting services. |
| American Pacific Group | Private Equity Firm | Company | PE firm supporting Fresche Solutions in its strategic expansion initiatives. |
| Joe Zarrehparvar | CEO of Fresche Solutions | Person | Leader of Fresche Solutions overseeing strategic growth and acquisitions. |
| Steve Cast | Managing Director at Redbourn Business Systems | Person | Director at the acquired company committed to client success in IBM mid-range. |
| Fraser Preston | Managing Partner at American Pacific Group | Person | Involved in overseeing the investment and acquisition strategies at APG. |