Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Do IT Wise on its strategic sale to Inetum.
It was clear from our first meeting with Technology Holdings that their ServiceNow and technology services expertise was unmatched! We were blown away by their level of industry knowledge and genuine interest to understand our business deeply. Like clockwork, the TH team quickly identified the right strategic buyers and investors to target and positioned us in front of the best global acquirers. TH’s relentless work ethic and unwavering resolve secured for us 5 strong offers resulting in the perfect strategic fit with Inetum. TH exceeded our expectations and were an invaluable partner throughout the entire process – there is no doubt that TH is the ServiceNow and M&A advisor of choice globally!
Headquartered in Bulgaria, Do IT Wise is one of the leading independent ServiceNow Elite Partners in Europe and an award-winning consultancy offering strategic consulting, implementation, training and support on the ServiceNow platform. Founded in 2010, Do IT Wise’s highly experienced team of 120 certified consultants have been transforming the way their clients operate digitally for over 11 years. For Inetum, the acquisition of Do It Wise offerings and expertise will strengthen its global leadership in Enterprise Service Management, Digitalization and its partnership with the ServiceNow platform.
“With this acquisition, Inetum expands its capabilities to support the ServiceNow platform by offering its clients enhanced expertise and proven operational capacity. As part of our strategic plan UPSCALE25, Inetum is furthermore strengthening its long-term partnership with ServiceNow to become a global leader by extending the reach of the practice to all 26 countries where our group operates. At the same time, the group is opening a new efficient and competitive delivery platform in Bulgaria that will further accelerate the development of its delivery platform on cutting-edge expertise.” Said Vincent Rouaix, Chairman and CEO of Inetum.
Idan Harel, CEO of Do IT Wise said “Do IT Wise has been the strongest ServiceNow independent partner based out of Eastern Europe, leading transformational projects for its clients on top of the ServiceNow platform. In joining Inetum, we see an amazing opportunity to expand our client base and offerings among the group’s clients and to double our growth in less than 3 years.”
Marin Marinov, Chief Sales & Services Officer of Do IT Wise, further added “The Do IT Wise culture is all about delivering exceptional value and positive impact to our clients, partners, teams and society in general. I am absolutely thrilled that we are joining an organization, which shares the same values and vision. The synergies across our portfolio, expertise and market presence are significant and position us to deliver an even greater positive impact to all our stakeholders.”
Vivek Subramanyam, Founder and CEO of Technology Holdings said “We are elated to have closed this key transaction in the ServiceNow ecosystem for Elite Partner Do IT Wise – our fourth ServiceNow transaction. It was a real pleasure to have worked with Idan and his team at Do IT Wise, and we wish them tremendous success in their partnership with Inetum.”