Equiteq advises Oligos, a Pegasystems Partner on its sale to Magellan Partners, backed by Capza

January 23, 2024

Equiteq is pleased to announce that it has advised Oligos, a Pegasystems Partner on its sale to Magellan Partners, backed by Capza

Magellan Partners, a leading IT service provider based in France and a portfolio company of Capza, announces its strategic acquisition of Oligos, the largest independent consulting and implementation firm specializing in Pegasystems Solutions. The move positions Magellan Partners with the ambition to solidify its position as the premier French provider of Pega solutions consulting and integration.

Oligos, a pure play Pegasystems partner in France, brings 80 consultants to Magellan Partners. Pega, an enterprise software platform, integrates intelligent automation, LowCode/NoCode, and artificial intelligence to enhance business process efficiency, customer engagement, and real-time decision-making.

Oligos operates across the entire spectrum of Pega solutions, covering Intelligent Automation, Customer Engagement, Customer Service, Sales Automation, Customer and Product Lifecycle. The firm caters to clients in diverse sectors including Finance, Insurance, Energy, Utilities, and the Public Sector.

As a key player in digital transformation, organizational consulting, and information systems, Magellan Partners boasts over 2,500 consultants and achieved a revenue of €350 million in 2023. Magellan Partners' acquisition of Oligos facilitates the integration of expert and certified teams capable of executing large-scale Pega projects. This strategic move aligns with Magellan Partners' goal of assisting companies in implementing their digital strategies, sales strategies, and customer journeys and services.

The synergies at the core of this collaboration between Magellan Partners and Oligos aims to position Oligos as the leader in Pega solutions consulting and integration in France.

“Magellan’s scale and scope of intervention allow us to offer our clients a much broader range of expertise and business transformation services. This merger will also make it possible to offer our consultants new opportunities by integrating a Group with diverse skills which invests heavily in its teams.” explains Philippe Le Goff, Managing Director of Oligos.

“Oligos is a leading player with high-level expertise in the Pega environment. I am delighted to welcome the Oligos team to the Magellan Partners Group. We share identical values around a strong culture of entrepreneurship and innovation and a common vision of the strategy to be deployed to develop combined know-how. I am confident that by capitalizing on the strong complementarity of our companies, we will be able to make Oligos the undisputed leader in Pega technology consulting and implementation in the French market.” concludes Didier Zeitoun, President of the Magellan Partners Group.

Reflecting on Equiteq's contribution to the transaction, Philippe remarked, “Equiteq proved to be an outstanding advisor, offering invaluable insights at every stage of the process. Their deep understanding and expertise in both the French IT services market and the international landscape were instrumental in guiding Oligos to a strategic position for its future growth within Magellan. Notably, I want to underscore Equiteq's empathetic and human approach to management—a crucial element in the sensitive context of this type of operation, clearly evident throughout the deal”.

“It was a pleasure to support the Oligos sale to Magellan Partners, resulting in the business joining an ambitious French private equity-backed Consulting and IT integration leader. This result reflects how attractive high value specialist consulting in packaged based solution in key integrated processes is at the current time, as the market for these solutions is moving up into further levels of scale and maturity” concludes Alexandre Steiner, Managing Director at Equiteq.

Read more about the sale of Oligos to Magellan Partners here.

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