Case Study

Overview

• SolutionsIQ is a leading provider of Agile consulting solutions, delivering deep Agile expertise, large-scale organizational change management and transformation capabilities with global delivery abilities
• The company serves blue-chip clients in the Fortune 1000 globally with best-in-class delivery of transformation solutions and demonstrable results

Situation

• In 2016, SolutionsIQ was exploring its strategic options for taking the business to the “next level,” to solidify its leading position in the Agile space
• Cascadia was previously engaged to support the Company through the acquisitions of Big Visible (2014) and DavisBase (2015)

Cascadia Process

• Cascadia ran a dual track process for the Company to either refinance or sell the Company
• Cascadia contacted a select group of potential strategic and financial partners, leveraging the firm’s relationships and prior dialogue with buyers and investors who have a history of success in growing technology-enabled service companies
• SolutionsIQ received multiple offers for debt and equity for both recapitalizations and full sales
• The multi-year process of partnership with Cascadia culminated in the Company’s sale for an attractive strategic multiple to Accenture Consulting in 2017