Houlihan Lokey Advises Auxo Solutions

Houlihan Lokey is pleased to announce that Auxo Solutions (Auxo), a leading technology engineering company specializing in modern enterprise solutions, cloud, data, and AI for the financial services industry, has been acquired by Alpha Financial Markets Consulting (Alpha), a leading global provider of specialist consulting services to the financial services industry.

Co-founded by Ryan Lemoie and Mike Driesen, Auxo is a leading enterprise software engineering firm focused on the financial services industry. Its proposition combines deep industry expertise with extensive software engineering capabilities.

Alpha is a leading global consultancy to the financial services industry. Alpha combines highly specialist sector-focused strategy, management consulting, and technology expertise to support the client transformation lifecycle. Founded in 2003, it now has over 1,180 consultants across North America, the U.K., Europe, MENA, and APAC. Alpha has been supported by investment partner Bridgepoint, one of the world’s leading quoted private asset growth investors, since 2024.

Alpha and Auxo share a combined commitment to client service, delivery quality, and unlocking value through technology, cloud, data, and AI. Through the acquisition of Auxo, Alpha is deepening its full-service technology capabilities to financial services and insurance clients.

The combination of Alpha’s and Auxo’s experienced teams and industry expertise, alongside a strong growth vision, is exciting news for clients. Alpha will offer a fully integrated specialist consulting proposition—from delivering corporate strategy, to modernizing and transforming operations, to driving next-generation technology innovation and solutions.

Ryan Lemoie, Chief Executive Officer of Auxo, said, “The entire Auxo team is excited to join Alpha. We believe that combining Alpha’s business and technology consulting expertise and industry depth with Auxo’s leading engineering, platform, and systems integration capability represents a true win for our clients and the financial services industry at large.”

Keval Mehta, Global Head of Insurance Technology for Alpha, commented, “This acquisition marks a significant milestone in our journey. Our clients demand depth of industry knowledge and tangible ROI for their business transformations. By bringing together our strengths across management and technology consulting, we’re positioned to accelerate innovation with full-scale AI and technology capabilities for our clients.”

Luc Baqué, Chief Executive Officer of Alpha, added, “We are excited about the possibilities this acquisition brings to Alpha. Auxo’s world-class engineering capabilities, talent, and leadership represent an ideal fit for Alpha’s culture and service model. Their deep financial services expertise will enable Alpha to deliver leading technology, data, and AI solutions at scale to our clients.”

Houlihan Lokey served as the exclusive financial advisor to Auxo Solutions.

Houlihan Lokey’s IT Services team is among the most active M&A advisors in the market, having closed 35 IT services transactions in the past 24 months. This most recent transaction further strengthens Houlihan Lokey’s leadership in the enterprise applications and digital engineering ecosystems. Houlihan Lokey’s additional IT services vertical coverage includes cloud/data and analytics, and managed and security services.

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