Praecipio Acquires Gurnet Consulting, Amplifying Atlassian Capabilities Across The Northeast

Sep 14, 2023•almost 2 years ago

Acquiring Company

Praecipio Consulting

Acquired Company

Gurnet Consulting

AustinIT Services and IT Consulting

Description

Praecipio is acquiring Gurnet Consulting, an Atlassian-specialized management consulting firm, broadening its global practice in the Northeastern Core of the U.S. and Canada. Gurnet is a trusted Atlassian Partner, with a proven track record of helping clients achieve enterprise agility. The agreement reinforces Praecipio’s mission to build connected enterprises. Terms of the transaction were not disclosed.

Company Information

Company

Praecipio Consulting

Location

Austin, Texas, United States

About

Through a combination of Atlassian, Enterprise Service Management, Software Development, DevOps and Agile capabilities, Praecipio delivers proven value that goes beyond product expertise. Our suite of enterprise solutions and the Atlassian platform creates a seamless connection between your people, process, and technology. Praecipio recently brought on Periscope Equity as a strategic partner to support its growth strategy focused on delivering value-driven solutions to enterprise customers across the globe.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed