Century Park Capital Partners Pending Sale of Accelalpha to IBM

Century Park Capital Partners (“Century Park”) is pleased to announce that International Business Machines Corporation (“IBM”) (NYSE: IBM) has entered into a definitive agreement to acquire its portfolio company, Accelalpha, Inc. (“Accelalpha”). The transaction is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.

Accelalpha is a leading global provider of Oracle Fusion Cloud Applications consulting, implementation and managed services. Its highly skilled team serves clients across North America, Europe, Asia, the Middle East and South America, with a focus on distribution, industrial and financial services sectors. Accelalpha was founded in 2009 by its current CEO, Nat Ganesh. Century Park invested in Accelalpha alongside Nat Ganesh and a meaningful group of employee equityholders in 2020.

In partnership with Century Park, the Accelalpha team transformed the business over the last four and a half years. The Company invested more heavily in sales & marketing, implemented a robust ERP system, started a managed services practice, and created nearshore and offshore delivery centers. In addition, the Company completed four add-on acquisitions, expanding Accelalpha’s Oracle service capabilities to become one of the preeminent Oracle software application consulting firms across the globe. Through this combination of organic growth and acquisitions, Accelalpha’s revenue more than quadrupled under Century Park’s ownership.

Tony Trevino, Partner with Century Park, commented, “We’re incredibly proud of what the Accelalpha team has accomplished during our partnership and feel privileged to have been part of this journey. The future is bright for Accelalpha, particularly as they join forces with an organization with the depth of capabilities and reputation of IBM.”

Marty Sarafa, Managing Partner with Century Park, added, “For 25 years we’ve partnered with founders like Nat Ganesh and pride ourselves on helping them build best-in-class and enduring businesses. Accelalpha is a perfect case study. The transformation that took place during our partnership took incredible drive and determination, and we are grateful for the tireless effort the entire Accelalpha organization put into making this a successful outcome.”