Eze Castle Integration Acquires Alphaserve Technologies, Bringing Together Global Innovators of Technology Solutions for the Financial and Professional Services Industries
BOSTON, July 20, 2020 /PRNewswire/ -- Eze Castle Integration, a portfolio company of private equity investment firm H.I.G. Capital (H.I.G.) and a global leader in technology solutions, today announced the acquisition of Alphaserve Technologies, a provider of infrastructure technology and digital IT services. The addition of Alphaserve broadens Eze Castle's product offering and strengthens its ability to service clients with innovative and robust technology. The combination of the two firms solidifies Eze Castle's position as a leader in end-to-end technology solutions for the financial and professional services industries.
"Eze Castle's acquisition of Alphaserve furthers our ability to transform our clients' businesses, extends our global reach and deepens our talent pool," said John Cahaly, CEO of Eze Castle Integration. "We have been actively seeking opportunities that not only complement and expand our offering but also align with our corporate culture. We are truly excited to welcome Alphaserve and its team to Eze Castle Integration."
Founded in 2010, Alphaserve is a global provider of managed infrastructure and digital IT services to clients in the financial and professional services verticals. Alphaserve's offering focuses on emerging digital technology solutions, including security, automation, application development and infrastructure technologies. Alphaserve s known for guiding clients through their digital transformations with premier client service and strategic solutions.
"This acquisition will greatly benefit the firms we have long served. Together, Eze Castle and Alphaserve will strengthen the solutions, product expertise, and world-class service available to clients around the globe, and deepen our ability to solve their greatest business challenges," said Belal Boustanji, CEO of Alphaserve Technologies.
"When H.I.G. decided to partner with Eze Castle Integration, we were confident we could help the company execute on its strategic growth plans by investing in innovative business processes and pursuing an acquisition strategy. We are incredibly excited to see this strategy come to fruition. Alphaserve brings great people, innovative delivery models, broad product and service capabilities, and high-impact solutions to similar and expansive end markets for Eze Castle," said Todd Ofenloch, H.I.G. Managing Director and Eze Castle board member.
King & Spalding served as legal counsel on the transaction. Leonis Partners acted as advisor to Alphaserve Technologies.
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About Eze Castle Integration
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.
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