Deloitte Corporate Finance acted as exclusive financial advisor to Ohio-based Pillar Technology Group in its sale to Accenture, a worldwide consulting and technology services firm. The sale closed August 20, 2018.
Deloitte assisted in all aspects of the transaction including the due diligence process and negotiation of the transaction.
“Deloitte advised Pillar’s shareholders in their selection of a strategic acquirer that would be able to realize significant financial and operational synergies while also preserving the core values of our business,” said Bob Myers, CEO of Pillar. “Deloitte’s advice, deep experience with privately-owned businesses and knowledge of the software and technology-enabled services industry was invaluable at every stage of the transaction.”
Myers added, “Our ambition is to provide the best possible software — embedded or connected — at lightning speed. Joining Accenture’s Industry X.0 will allow us to bring this focus on Speed2Value to even more clients, helping them reach new heights in the U.S. and globally.”
Founded in 1996, Pillar provides custom smart connected software solutions inclusive of smart city initiatives to Fortune 500 companies across the United States.