SQS quadruples onsite delivery capability in the U.S. and significantly strengthen its IT services portfolio
PRLog - June 3, 2015 - MINNEAPOLIS -- Trissential, a management consultancy focused on business improvement, announced today that Software Quality Systems AG (AIM: SQS.L) (“SQS”), the leading independent specialist for software quality, has completed the acquisition of the entire issued share capital of Trissential.
Founded 12 years ago by Keith Korsi and Michael Vinje, Trissential is a leading management consultancy in the United States, with a presence in Minneapolis, Milwaukee, Chicago as well as a National Solutions Practice. Trissential’s 2014 revenues were $33 million.
Founded more than 30 years ago, SQS helps organizations sustainably optimize their business through software quality management; improving operational efficiency and ultimately helping improve revenue.With offices and clients in over 22 countries, and over 4,000 consultants globally, SQS is focused on expanding its services and solutions to help their clients grow.
By joining the SQS family, Trissential will bring a substantial and stable revenue platform to its U.S. market, supporting SQS’s vision of diversifying its geographic revenue split by materially enhancing its U.S. operations. Trissential operates across multiple verticals in strong alignment with SQS’s existing strength in manufacturing and adding significant expertise in retail, energy, financial services and healthcare. The Trissential team will roughly quadruple SQS’s existing onsite delivery capability in the U.S. and significantly strengthen its IT services portfolio.
SQS CEO Diederik Vos, said, “We are delighted to announce our acquisition of Trissential, which will strengthen our existing foothold and capabilities in the U.S. and meet a key strategic objective of enhancing our scale in North America. Trissential’s strong management team has built a highly successful project, program and portfolio management business in the Midwest, with a suite of long standing, high-quality customers that provide a strong recurring revenue stream.”
Michael Vinje, cofounder and Chief Essentialist will be stepping away from the day to day duties, but will be available as an advisor to the firm. Vinje said, “We are very proud of our team and all that they have accomplished to date. Joining forces with SQS will stimulate growth and provide more opportunities to our folks.”
Keith Korsi, Trissential cofounder and CEO, will continue to lead the Trissential business. He said, “This acquisition marks a significant milestone in Trissential’s evolution. We are delighted to be joining the SQS team, given not only the obvious synergies between our organizations, but also clear opportunities for expanding our capabilities and offerings to our and SQS’s customers, which we believe will fuel our growth in the US market. We look forward to be able to bring even more value to our clients and our team members.”
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SQS Group completes the acquisition of Trissential LLC
June 03, 2015 at 16:02 PM EDT
