Mirus advises Plaut Consulting on the sale of Outsourcing Division to Adjoined
Boston, MA, May 08, 2003 – Mirus Securities announced today that it has advised Plaut Consulting, Inc. in the sale of its outsourcing business to Adjoined Consulting, Inc. Through the integration of the resources, technology and methodology of Adjoined Consulting’s Outsourcing team and Plaut Outsourcing, a new, comprehensive suite of services will be available to clients effectively addressing all aspects of the burgeoning outsourcing market, from IT infrastructure management to application management and hosting. Terms of the deal were not disclosed.
David Northington, President and CEO of Plaut North America, said, “This acquisition effectively supports the long-term strategy of each company. Mirus Securities did an excellent job of bringing these two companies together, and the strategic divestiture of our outsourcing division enables us to focus exclusively on our core business of SAP integration services.”
“Unlike distress-oriented acquisitions forced by the current economic environment, our acquisition of Plaut Outsourcing represents the addition of a profitable, established team, along with state of the art data center infrastructure, enabling us to extend our service lines and further address market demands,” said Rodney Rogers, CEO of Adjoined Consulting. “We believe we are now positioned as a uniquely efficient and compelling alternative to today’s global consultancies.”
About Mirus Securities:
Based in Boston, MA and with clients throughout North America, Mirus provides investment banking solutions to middle-market corporations including merger advisory, recapitalizations and valuation services to entrepreneurs, private equity groups and corporate clients. Founded in 1987, Mirus has successfully completed over thirty transactions for business process outsourcing firms such as the Plaut Outsourcing Division. Information about the firm is available on Mirus’ web site at www.merger.com.
About Plaut Consulting:
Plaut Consulting Inc. is the U.S. subsidiary of Plaut AG, an independent, internationally operating, management-consulting group with a global presence of 34 subsidiaries in 18 countries. As a full solution provider offering a suite of services from strategy consulting to SAP Design and Implementation Projects to Application Management, Plaut offers 50 years of business process expertise, 20 years of SAP experience, and in-depth industry knowledge. In North America, Plaut is one of the very few Global SAP Partners with business units that are authorized to sell SAP licenses, as well as deliver implementation services. With revenues amounting to 282 M EUR (in 2001), it is one of the leading management consulting companies worldwide. Since November 9, 1999, Plaut AG is listed on the “NeuerMarket” of the Frankfurt stock exchange (PUTG.F; Securities Code Number 918 – 703). Plaut Consulting is headquartered in Atlanta and has offices in Boston and Toronto. More information about Plaut Consulting is available at www.plaut.com.
About Adjoined Consulting:
Adjoined Consulting is a full-service management consulting firm delivering innovation and business value to its Global 2000 client base, including Domino Foods, Burger King, McCormick, Barnes & Noble, JP Morgan Chase, Cable & Wireless and Royal Caribbean Cruise Lines. Adjoined Consulting deploys industry-specific strategic and operational consulting skills in conjunction with leading-edge technology integration and outsourcing expertise to generating superior return on client capital. Adjoined Consulting is dedicated to delivering quality and value to clients ” termed “Efficient Consulting.” Adjoined Consulting creates sustainable business value through world-class business solutions, ranging from supply chain intelligence through software application management. The company is headquartered in Miami and has offices in Atlanta and New York City. For more information, visit www.adjoined.com.Back to Transactions