Transactions
January 2005
ThinkFast Merger with Palladium
Company Description
ThinkFast Consulting Inc. is a high-end, project-based IT services firm dedicated to Corporate Performance Management (CPM) – a high growth sector of the $11 billion Business Intelligence (BI) and Data Warehousing industry. CPM transforms operational data into intelligent and actionable information by integrating business processes with a technical framework for improving strategic planning, monitoring results, analyzing changes, anticipating opportunities, and acting on findings. Over its eight year history, the Company has served over 350 Fortune 1000 clients including Abbott Laboratories, Citigroup, CVS Pharmacy, DaimlerChrysler, Federal Express, H&R Block, PierOne, Saks, and Wal-Mart, to name a few. With over 75 of the world’s largest retailers and 20 of the top 100 retailers among its clients, the Company can point to where its knowledge of vertical-specific business issues, business processes, and specialized offerings stand apart in terms of its capabilities and expertise. As a result, ThinkFast Consulting has emerged as one of the most successful IT services firms dedicated to delivering and deploying enterprise-wide CPM.
Objectives
In an effort to expand upon ThinkFast Consulting’s industry leadership position in CPM and leverage the unique aspects of its core assets, TripleTree was engaged to explore its long-term strategic options. After an in-depth review of the Company’s capabilities and strengths and leveraging TripleTree’s industry knowledge and buyer perspectives, TripleTree broadly identified three main categories - consulting, software, and infrastructure sectors – for strategic exploration. Serving as the exclusive financial advisor to ThinkFast Consulting, TripleTree was selected for its expert knowledge of key industry drivers, its value-based advisory services approach, and its successful transactional expertise delivering superior results. TripleTree’s relationship with the Company spans several years prior to this engagement, as TripleTree was first engaged to provide value enhancement strategic advisory services aimed at its corporate and business development goals around its vertical market strategies. The Company developed highly specialized and repeatable service offerings in the retail industry that now accounts for over 60% of its revenues and that led to an area of strong interest among strategic parties.
Results
TripleTree helped to consummate the successful merger of ThinkFast Consulting, Inc. with the shareholders of Balanced Scorecard Collaborative, Inc. and Painted Word, Inc. to form an entirely new company, Palladium Group, Inc., which is the leading professional services firm solely focused on Strategy Execution and Corporate Performance Management. TripleTree’s hands-on approach and senior-level commitment was a key component in a very unique and highly complex transaction that merged three privately-held companies together in one simultaneous transaction. The deal, financed by Monitor Clipper Partners, creates the largest pure-play Business Intelligence & Corporate Performance Management focused consulting and IT services firm in the industry with eight U.S. offices, more than 225 employees, and serving Fortune 100 clients and other global industry leaders in the consumer goods, energy, Federal government, financial services, life sciences, manufacturing, retail and utilities sectors. The newly formed company creates one of the most exciting growth stories in the multi-billion dollar segment.
Before deciding to join this entity, TripleTree lead and orchestrated a highly competitive process for ThinkFast Consulting that generated strong interest from other companies, including one of the leading technology companies in the world, a multi-billion dollar software provider, and a premier provider of offshore development services. However, after review and analysis, it became clear that the combination with other industry leaders to create a bold consolidation establishing a dominant player presented the most attractive alternative.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
Company Description
ThinkFast Consulting Inc. is a high-end, project-based IT services firm dedicated to Corporate Performance Management (CPM) – a high growth sector of the $11 billion Business Intelligence (BI) and Data Warehousing industry. CPM transforms operational data into intelligent and actionable information by integrating business processes with a technical framework for improving strategic planning, monitoring results, analyzing changes, anticipating opportunities, and acting on findings. Over its eight year history, the Company has served over 350 Fortune 1000 clients including Abbott Laboratories, Citigroup, CVS Pharmacy, DaimlerChrysler, Federal Express, H&R Block, PierOne, Saks, and Wal-Mart, to name a few. With over 75 of the world’s largest retailers and 20 of the top 100 retailers among its clients, the Company can point to where its knowledge of vertical-specific business issues, business processes, and specialized offerings stand apart in terms of its capabilities and expertise. As a result, ThinkFast Consulting has emerged as one of the most successful IT services firms dedicated to delivering and deploying enterprise-wide CPM.
Objectives
In an effort to expand upon ThinkFast Consulting’s industry leadership position in CPM and leverage the unique aspects of its core assets, TripleTree was engaged to explore its long-term strategic options. After an in-depth review of the Company’s capabilities and strengths and leveraging TripleTree’s industry knowledge and buyer perspectives, TripleTree broadly identified three main categories - consulting, software, and infrastructure sectors – for strategic exploration. Serving as the exclusive financial advisor to ThinkFast Consulting, TripleTree was selected for its expert knowledge of key industry drivers, its value-based advisory services approach, and its successful transactional expertise delivering superior results. TripleTree’s relationship with the Company spans several years prior to this engagement, as TripleTree was first engaged to provide value enhancement strategic advisory services aimed at its corporate and business development goals around its vertical market strategies. The Company developed highly specialized and repeatable service offerings in the retail industry that now accounts for over 60% of its revenues and that led to an area of strong interest among strategic parties.
Results
TripleTree helped to consummate the successful merger of ThinkFast Consulting, Inc. with the shareholders of Balanced Scorecard Collaborative, Inc. and Painted Word, Inc. to form an entirely new company, Palladium Group, Inc., which is the leading professional services firm solely focused on Strategy Execution and Corporate Performance Management. TripleTree’s hands-on approach and senior-level commitment was a key component in a very unique and highly complex transaction that merged three privately-held companies together in one simultaneous transaction. The deal, financed by Monitor Clipper Partners, creates the largest pure-play Business Intelligence & Corporate Performance Management focused consulting and IT services firm in the industry with eight U.S. offices, more than 225 employees, and serving Fortune 100 clients and other global industry leaders in the consumer goods, energy, Federal government, financial services, life sciences, manufacturing, retail and utilities sectors. The newly formed company creates one of the most exciting growth stories in the multi-billion dollar segment.
Before deciding to join this entity, TripleTree lead and orchestrated a highly competitive process for ThinkFast Consulting that generated strong interest from other companies, including one of the leading technology companies in the world, a multi-billion dollar software provider, and a premier provider of offshore development services. However, after review and analysis, it became clear that the combination with other industry leaders to create a bold consolidation establishing a dominant player presented the most attractive alternative.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
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