Houlihan Lokey Advises Neudesic

Houlihan Lokey is pleased to announce that Neudesic, LLC, a leading U.S. cloud services consultancy specializing in the Microsoft Azure platform, has been acquired by IBM (NYSE:IBM).

Neudesic will significantly expand IBM's portfolio of hybrid multicloud services and further advance the company's hybrid cloud and AI strategy.

Neudesic is headquartered in Irvine, California, and has more than 1,500 cloud and data experts located across the U.S. and in India. Neudesic provides a full scope of digital transformation services across advisory, application development, cloud migration, DevOps, integration, data engineering, data visualization, and hyper-automation. As a top Microsoft global solution partner, Neudesic has deep expertise in technology transformation and delivering Microsoft Azure cloud services to clients across the health and life sciences, financial services, energy and utilities, professional services, and retail industries.

"As one of the leading cloud platforms, Microsoft Azure is key to many of our clients' ability to modernize and innovate," said John Granger, Senior Vice President of IBM Consulting. "Neudesic adds deep Azure cloud, data engineering, and data analytics expertise to accelerate our clients' hybrid cloud journeys. This builds upon IBM's prior acquisitions of cloud transformation capabilities last year."

"As a Microsoft Gold Partner with multiple Azure competencies, Neudesic is excited to enhance IBM's hybrid cloud strategy with extensive Azure capabilities," said Parsa Rohani, Co-Founder and CEO of Neudesic. "The combination of our capabilities with IBM's hybrid cloud vision and scale will drive even more impactful innovation for clients."

Financial details of the deal were not disclosed. IBM and Neudesic signed a definitive agreement in the fourth quarter of 2021.

Houlihan Lokey served as financial advisor and provided transaction advisory services to Neudesic, LLC.

Houlihan Lokey’s IT Services coverage team is among the most active M&A advisors in the market, having closed 12 transactions in the past 12 months. This most recent transaction further strengthens Houlihan Lokey’s leadership in the digital engineering universe and highlights continued momentum and leadership in the IT Services sector, which includes digital transformation, cloud services, data analytics, and IT resourcing.