This is technology M&A deal number 797 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Eliassen Group Acquires Fidato Partners
Fidato, founded in 2010, is an accounting and finance, risk management and transformation, and IT consulting company headquartered in the Philadelphia, Pennsylvania area.
Founded in 1989 and headquartered in Reading, Massachusetts, Eliassen Group provides strategic consulting and talent solutions in the areas of life sciences, Agile, cloud services, risk management, business optimization and managed services.
Eliassen says the acquisition will allow it to expand its solutions and business consulting capabilities, specifically its risk management and business optimization offerings, while also bolstering its professional services practice.
This is the company’s second acquisition in as many months, having acquired IT services and solutions provider Lightwell in November 2021.
Eliassen Group Acquires Fidato Partners: Executive Commentary
John Rapchinski, CEO and co-founder, Fidato Partners, commented:
"A strategic partnership with Eliassen Group provides the entire Fidato Partners team with an unequalled opportunity for growth. With a wide range of comprehensive capabilities and a vast geographical presence, Eliassen has solidified their place in the consulting and talent solutions business, and we're thrilled to have this opportunity to introduce these capabilities to our clients."
Scott Cordeiro, executive vice president of professional services, Eliassen Group, added:
“Their thriving accounting & finance and risk management & transformation service offerings enable Eliassen to better empower our clients to protect and sustain their success. We are excited about adding their strengths to our own to achieve exponential growth while continuing to serve our communities."