Daily News: October 31, 2014

Deloitte CF Advises MSP Division Sale to MSX International

Deloitte Corporate Finance (DCF) acted as exclusive financial advisor to IQNavigator, a portfolio company of GTCR, in the sale of its managed services provider division to MSX International. IQNavigator is a provider of contingent workforce solutions in the United States and globally. The acquisition closed on August 4, 2014.

DCF advised IQNavigator on the exploration of various strategic alternatives, including the consideration of a variety of transaction and bid structures.

“IQNavigator is a technology company with a clear vision of the value we deliver to our community of customers and partners. The sale of our MSP division enables us to be laser focused on building and delivering better software that includes new levels of innovation and helps global companies make better labor decisions,” said Joe Juliano, president and CEO of IQNavigator.

“Increasing sophistication in the contingent workforce market has created demand for differentiated managed service provider programs and vendor management systems. IQNavigator has been a leader in the contingent workforce space for years, and we are excited to have helped the company reshape itself to pursue new growth opportunities in the vendor management system market,” said Phil Colaco, managing director for Deloitte Corporate Finance.

MSX International is a business process outsourcing company that provides technology based services to enterprises in more than 80 countries.