martinwolf Represented ExperSolve in Acquisition by Ensono
SCOTTSDALE, Ariz., January 11, 2022 (Newswire.com) - ExperSolve, a mainframe modernization company, has been acquired by Ensono, a leading end-to-end managed services provider. Financial terms of the deal were not disclosed.
ExperSolve was represented by martinwolf, a leading M&A advisory firm serving the middle-market IT industry. This marks the firm's 22nd transaction in the past 13 months.
ExperSolve's proprietary software toolchain converts COBOL and other mainframe programming languages to modern languages such as Java and C#, so applications can be migrated off the mainframe onto private or public clouds. Clients can expect the following in their transformation journey:
- Application modernization assessments
- Application migration services
- Preservation of known business logic and processes
- Fully maintainable code
In addition, ExperSolve can optimize and modernize on the mainframe, by, for example, updating legacy databases to DB2 to optimize utilization and batch processing times. By modernizing on the mainframe, clients can extend their investment and ensure they are getting the most from their mainframe applications.
ExperSolve will become "ExperSolve, an Ensono company," retaining all current employees and leadership so they can continue to support and provide expertise for Ensono's mainframe modernization services. ExperSolve will join Ensono's Advisory and Consulting Practice under Mainframe and Security Consulting.
Quotes
"A key focus for Ensono is its clients' digital preparedness and long-term success, which is why ExperSolve aligns well with Ensono. Both companies are dedicated to innovation that will help our clients meet their business outcomes and stay relevant in today's enterprise. We look forward to supporting Ensono clients by expanding its mainframe modernization services and capabilities."
- Noah Ross, ExperSolve Founder and President
"Ensono is committed to being a relentless ally to our clients and meeting their needs for today while helping them prepare for the future. Our clients' needs are evolving at an ever-growing pace and therefore our client sponsors want additional reliable choices that our Advisory and Consulting services can provide. Whether its modernizing applications so they can continue to be supported on existing infrastructure, or migrating them to a cloud platform, our goal is to have a robust set of end-to-end or lifecycle solutions that help our clients meet their business outcomes. ExperSolve's proficiency in modernizing legacy applications is an impactful addition as we continue to provide our clients with lifecycle managed services, grow our mainframe modernization services and help clients get the right workloads on the right platform."
- Larry Goldberg, Ensono Senior Vice President, Consulting and Advisory
About martinwolf:
Headquartered in Scottsdale, Arizona, with an office in Cleveland, martinwolf is a leading M&A Advisory focused on middle market companies in the IT Services and Supply Chain, Managed Services, Security and Software sectors. Since 1997, martinwolf has completed nearly 200 transactions in more than 20 countries and sold eight divisions of Fortune 500 companies. In 2021, the firm acquired IT ExchangeNet, a leader in smaller mid-market (sub $25M) transactions.
martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.
Source: martinwolf | M&A Advisors
