Periscope Fairness, a Chicago-based mostly personal equity organization, has invested in Praecipio Consulting, an Austin-centered IT and business enterprise system consulting organization.
Established in 2006, Praecipio focuses on consulting, integration, and training for Atlassian items. Atlassian is a main provider of collaboration, improvement, and situation tracking program for undertaking administration and software program developer groups.
An Atlassian Platinum Company Remedy Husband or wife, Praecipio works with providers in a assortment of industries on optimizing their organization processes with Atlassian goods that levarage frameworks these as Agile, DevOps, and ITSM.
The firm at this time has additional than 50 staff, according to LinkedIn, and has workplaces in Austin, Houston, San Francisco, Monterrey, Indianapolis, and Atlanta.
Periscope Equity’s expense in Praecipio will allow for the IT consultancy to enter a new era of growth. Periscope – a professional in regulate investments in technology-enabled assistance and software package firms – programs to dedicate substantial incremental capital to fund future acquisitions and progress possibilities at Praecipio.
“Praecipio Consulting has expert substantial growth about the previous five yrs and with that advancement, they have manufactured the necessary investments to scale, building an ideal system investment,” stated Eric Hinkle, principal at Periscope Equity. “Our approach is to be a part of forces with Atlassian Alternative Associates and develop the dominant Scaled Agile, DevOps, and Assistance Management consulting business with world wide arrive at.”
Christian Lane, founder and CEO of Praecipio, added, “As we full our fifteenth 12 months in enterprise, we appear ahead to this enjoyable new chapter, a person exactly where we can capitalize on the prospect to accelerate expansion, supply more enterprise price to company shoppers throughout the world, and make a collective influence in our communities.”
Dollars-loaded non-public fairness corporations have been accelerating their expense in consultancies, such as common CPA firms, system corporations, and technological innovation experts. According to a Journal of Accountancy interview with M&A expert Allan Koltin, accounting corporations are attracting fascination because they are seen as reduced-hazard, economic downturn-evidence, honest, and have favourable income flow. Technological innovation consultancies, meanwhile, are driving explosive expansion in desire that is expected to continue well into the long term.