Cascadia Advises ITMAGINATION in Acquisition by Virtusa

ITMAGINATION Logo has been acquired by Virtusa Corporation Logo backed by BPEA-EQT Logo

Cascadia Capital, an investment bank serving middle market clients globally, today announced that it acted as the exclusive investment banking advisor to ITMAGINATION, a premier technology consultancy headquartered in Warsaw, Poland, in its acquisition by Virtusa Corporation (“Virtusa”), a global provider of digital strategy, digital engineering, and information technology (IT) services.

Founded in 2008, ITMAGINATION has established itself as a trusted partner for organizations seeking to accelerate innovation through digital solutions to complex business challenges. With a focus on digital transformation, cloud computing, data analytics, and artificial intelligence, ITMAGINATION has earned a reputation for delivering tailored technology solutions that drive business growth and efficiency.

The acquisition of ITMAGINATION significantly strengthens Virtusa’s capabilities in delivering end-to-end digital solutions to clients across industries and to key European enterprises. By combining Virtusa’s deep domain expertise and global delivery model with ITMAGINATION’s technical excellence and strong local presence in Europe, the combined entity is poised to offer enhanced value to clients seeking to accelerate their digital transformation journeys.

“Working with Cascadia was a game changer for us in this transaction. Their deep understanding of the global technology consulting landscape and the relevant strategic counterparties helped us realize the dream we set out to achieve more than a decade ago. Cascadia was truly the perfect partner to represent us,” said Daniel Arak, co-founder, ITMAGINATION.

“The Cascadia team embodies the same values we have built our company on: transparency, professionalism, and partnership – in addition to being results-oriented,” added Dawid Łaziński, co-founder, ITMAGINATION.

“Before making recommendations, the Cascadia team took the time to thoroughly get to know our business and each of the shareholders as individuals before guiding us through a highly tailored process that led to an outstanding outcome,” noted Pawel Borowski, co-owner, ITMAGINATION.

“Increasingly globalized digital engineering supply chains have continued to drive M&A activity as off- and near-shore development segments experience outsized growth,” said Kyle Aleinikoff, Vice President at Cascadia. “ITMAGINATION has been at the leading-edge of technology consulting for more than a decade by continually reinventing itself ahead of a constantly evolving industry. It was an absolute pleasure to represent the Company in this transaction and we are incredibly excited to see what can be accomplished with Virtusa as a partner.”

Related Transactions

This acquisition represents another successful transaction for Cascadia’s Technology Consulting practice. Past transactions include:

Oiga Technologies Logo has been acquired by 10Pearls, LLC Logo
Fresh Consulting Logo has received a growth equity investment from The Cynosure Group Logo
Point B Consulting Logo has received an investment from Endeavour Capital  Logo
Valence Group, Inc.  Logo has been acquired by MajorKey Technologies, a portfolio company of The Acacia Group Logo
Movere Logo has been acquired by: Microsoft Logo
Fresh Consulting Logo has acquired Oktara Logo
Praecipio Consulting  Logo has received an investment from Periscope Equity Logo
Navin Haffty & Associates Logo has been acquired by Providence Services Group (PSG) Logo
SolutionsIQ Logo has been acquired by Accenture (NYSE: ACN)  Logo
Indigo Slate Logo has been acquired by Zensar Technologies Logo
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