Equiteq advises data analytics consultancy LightStream Analytics on its sale to ABeam Consulting
Equiteq, a global leader in providing strategic and M&A advisory services to knowledge-intensive services firms, is pleased to announce it has advised LightStream Analytics, a successful Southeast Asian data analytics consultancy on its sale to ABeam Consulting, a leading consulting firm providing business transformation services across Asia, the Americas and Europe. The transaction closed on November 30, 2018.
Founded in 2006, LightStream excels at helping clients leverage data to drive operational and strategic decisions. LightStream has successfully ridden the wave of increased demand for data analytics services, by developing a range of seamless service offerings: advanced analytics, data management and enterprise performance management. LightStream’s clients, comprising financial institutions, government bodies, manufacturers, consumer goods companies and educational institutions, benefit from the consolidation of fragmented data, insightful analytics, and intuitive visualizations.
ABeam Consulting was founded in Japan in 1981. It provides business transformation services that create strategic advantages, improve business processes, leverage technology innovation, and enhance organizational performance for leading multinational and domestic companies worldwide.
The acquisition of LightStream will enable ABeam Consulting to strengthen its business transformation capabilities through the application of data analytics. “This agreement represents an upgrade of ABeam Consulting data analytics capabilities in Southeast Asia, which will enable us to provide more advanced consulting services to better meet our customers’ needs,” said ABeam Consulting President Toshinori Iwasawa. “By integrating the profound knowledge, experience and expertise of LightStream, ABeam Consulting will be able to provide greater added value to our customers.”
Chris Whitaker, CEO of LightStream added, “By leveraging ABeam’s deep domain expertise, extensive international client base, and uncompromising reputation for excellence, LightStream will be able to accelerate its delivery of transformational advanced analytic solutions across Asia. We are extremely excited to join the ABeam group and look forward to providing deeper, multifaceted business and technical solutions to clients through the combined talent of our professional consulting teams.”
Regarding Equiteq’s role in the transaction, Chris said, “Equiteq was critical to the success of this transaction. From the initial preparation of the project through introductions to potential partners and during the final negotiations, Equiteq entirely managed the process and provided solid professional advisory. They allowed us to stay focused on our core business and shielded us from the time-consuming and complex M&A workings. Very simply, if we didn’t engage with Equiteq, we would not have this deal. Navigating M&A isn’t our expertise. It’s theirs, and their team is intelligent, efficient, professional, and has proven indispensable.”
Sylvaine Masson, Director of M&A at Equiteq Asia-Pacific, commented: “It’s been a real pleasure working with Chris and his team throughout this journey. In just a few years, LightStream has successfully grown into a key player in the data analytics arena in South-East Asia. I am sure that joining ABeam will boost their development and international expansion. They have an outstanding team, young, dynamic and international, which will thrive in this new environment. We wish them the best of luck.”
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