Transcend Corporate, the Thames Valley, Birmingham and Hong Kong based corporate finance advisers, is pleased to announce the sale of clckwrk Limited (“clckwrk”) to Remote Data Experts LLC (“RDX”) a business backed by US private equity fund Madison Dearborn Partners for an undisclosed sum. Transcend Corporate, led by partner Steve Bartlett acted as lead adviser to the shareholders of clckwrk.
London based clckwrk is a specialist provider of managed IT services, focused on assisting and managing businesses that are looking to migrate their existing Oracle applications from legacy infrastructure onto Amazon Web Services public cloud. Established in 2011, clckwrk has developed the specialist skills required to seamlessly migrate clients to AWS and is one of the most experienced providers of these skills and services in the market.
Commenting, James Ball of clckwrk said: “When my fellow shareholders and I founded clckwrk we did so after identifying the growing needs of businesses who wanted to migrate to a public cloud model but who did not have access to the support and skills to successfully navigate this path. We have built our business around these specialist skills. We are delighted to have concluded the deal with RDX and are excited to now be part of the RDX business. We are looking forward to continuing to grow and develop the combined business across global markets.
Buddy Flerl, Chairman and CEO of RDX said: “RDX is recognized for providing both on-premise and cloud-based managed services and with clckwrk, we are adding a powerful layer of technical depth for customers who are interested in moving Oracle and other enterprise applications into the public cloud. This acquisition provides RDX customers with the best of both worlds – a combined organization to provide architecture, design and migration services in conjunction with the ongoing 24x7x365 management and support of Oracle enterprise workloads.”
Transcend Corporate Partner, Steve Bartlett, commented: “We are pleased to have helped the clckwrk shareholders achieve their objectives with this deal. They identified a market opportunity and have successfully built a business with specialist skill to capitalise on that. This deal provides the shareholders with a great outcome today, but just as importantly, the opportunity to be part of the global success story of RDX”
James Ball also said: “My fellow shareholders and I are very grateful for the support provided by Transcend Corporate. Steve and the team guided us through the transaction and took control of a number of detailed aspects of the deal. Never having undertaken a process like this, their support and advice was invaluable in delivering a great deal for us.”