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Austin, Texas, Oct 26, 2021 / PRNewswire / – Praecipio Consulting, a leading IT services and business process management consultancy based in Austin, TX, today announced an investment by Periscope Equity together with Praecipio Consulting Management. Periscope Equity is a Chicago-based private equity firm that focuses on high-growth, founder-owned and technology-oriented service and software companies. By investing in Periscope Equity, Praecipio Consulting is able to play a bigger role in helping companies around the world solve complex business problems, empower teams to perform at their best, and drive exceptional customer experiences through technology and process-based solutions. As part of the transaction, Periscope Equity plans to provide significant additional capital to fund future acquisitions and new growth opportunities.
“In terms of size and leadership in this area, Praecipio Consulting has differentiated itself as a true corporate-level strategic advisor with strong customer-centric business practices and superior technical skills,” said Periscope Equity Principal Eric Hinkle. “Praecipio Consulting has seen significant growth over the past five years and with that growth has made the necessary investments to create an ideal platform investment. Our strategy is to partner with Atlassian Solution Partners and build the dominant Scaled Agile DevOps and service Management consultancy with a global reach. “
“Our partnership with Periscope Equity fits remarkably well with our vision for the next steps in the digital landscape and the critical role companies play in enhancing the human experience and creating meaningful change,” said Christian Lane, CEO and founding partner of Praecipio Consulting. “As we conclude our fifteenth year in business, we look forward to this exciting new chapter where we can seize the opportunity to accelerate growth, bring more business value to corporate customers around the world, and create a shared impact in our communities . “
For nearly two decades, Atlassian tools have enabled millions of organizations to streamline business and IT processes, work together effectively, and achieve enterprise-level agility. As leaders face increasing uncertainty in the ever-evolving marketplace, Fortune 500 companies continue to rely on Atlassian’s visionary products to bridge the digital divide, scale agile processes, and align different business teams. With a history of successful, large-scale Atlassian deployments, today’s business challenges have created a significant opportunity for Praecipio Consulting to streamline isolated, cross-environment implementations of Atlassian products and other digital technologies through best-in-class business practices and consulting, integration and training offerings.
“Praecipio Consulting has contributed significantly to the success of our customers and offers companies from many industries their Atlassian know-how and their unique services,” said Cameron Deatsch, Chief Revenue Officer at Atlassian. “Praecipio Consulting has gone out of its way to provide Atlassian clients with innovative solutions and we are delighted to support their continued growth and partnership with Periscope Equity.”
“We believe that, by leveraging the talented team and experienced company that Praecipio Consulting has built, Praecipio Consulting will expand its capabilities to enable enterprise customers to develop their most critical workflow – software development – that has eaten the world of Fortune 500 has to perform better. ” IT departments and that Atlassian products have been developed for optimization. Thanks to its consulting capabilities for strategic process improvement, Praecipio Consulting can deliver not only technology and process excellence, but also personnel excellence and enable these companies to provide strategic and competitive services at the highest level to achieve. “added Joe McIlhattan, Vice President at Periscope Equity.
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Praecipio Consulting is a leading business process and technology consultancy based in Austin, Texas To support companies in successfully achieving their digital transformation goals. Specializing in process frameworks, including Agile, IT Service Management (ITSM), DevOps and Enterprise Service Management, Praecipio Consulting serves as a strategic partner for industry leaders and companies of all sizes, optimizing business processes with Atlassian’s robust product suite and other category-leading technologies . As an Atlassian Platinum Enterprise Solution Partner, Praecipio Consulting offers integrated business and technology solutions that help customers deliver a pleasant customer experience, increase cost savings and improve business performance. Since establishing an official partnership with Atlassian in 2008, Atlassian Praecipio Consulting has named Partner of the Year for five of the past six years, including ITSM Partner of the Year 2018 and Enterprise Services Partner of the Year 2020.
To learn more, visit www.praecipio.com and listen to The Digital Transformation (ists) podcast. Join the Praecipio Consulting community on LinkedIn, Instagram, Facebook and Twitter.
About Periscope Equity
Periscope Equity is a Chicago-based private equity firm focused on controlling investments in technology-enabled service and software companies in the areas of digital marketing, healthcare technology, security solutions and business process automation. Periscope Equity is aimed at founder-owned companies that offer business-critical products and services, have a history of sustainable profitability, and know ways to accelerate growth. In coordination with proven management teams, Periscope Equity offers strategic, operational and commercial know-how to achieve superior investment returns.
To learn more, visit www.periscopeequity.com
Contact:
Guy Murrel
Catapult PR
[email protected]
(303) 581-7760
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