On August 2, 2007, The Revere Group, a subsidiary of Japan based NTT Data Company and a global business and technology consultancy firm, announced the acquisition of Tryarc, LLC (“Tryarc”), based in Los Angeles and San Francisco, CA. Tryarc is a privately held information technology consulting firm that specializes in Business Systems and Custom Application Development for entertainment, healthcare and manufacturing and distribution companies. Terms of the transaction were not disclosed.
“In closing this deal with Revere and NTT, FocalPoint was able to identify the right partner for Tryarc’s shareholders,” commentedNishen M. Radia, managing director of FocalPoint. “The deal demonstrates another example of our ability to access a diverse pool of international strategic buyers for our clients, a factor which is increasingly relevant when driving value in global sectors such as Information Technology.”
“Becoming a part of The Revere Group provides us with a platform to accelerate growth in this region. In addition to our solid service offerings in SAP, Microsoft, Business Objects and Software development, we are now positioned to offer our clients expanded services such as Business Continuity Planning, Organizational Change Management, Managed Hosting and Operational IT Services,” stated Trevor Bezdek, managing partner and founder of Tryarc.
FocalPoint is a Los Angeles-based independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings. The firm’s primary focus is on middle-market companies with revenues between $20 million and $250 million. FocalPoint focuses on five key sectors which include business services, health care, consumer, technology, and industrials.
Please contact Nishen Radia at (310) 405-7040 with any questions about this transaction.