Sierra-Cedar, Inc. a portfolio company of Golden Gate Capital, has sold its Canadian subsidiary, Sierra Systems, to global technology services provider NTT Data Services.
Headquartered in Vancouver, Canada, Sierra Systems is a leading IT services platform with a 50+ year track record providing a full range of consulting, systems integration and application managed services across Canada.
NTT Data Services is a division of Tokyo-based NTT Data Corporation, a top 10 global business and IT services provider with over 118,000 professionals. This acquisition will expand NTT Data’s North American footprint with a significant Canadian presence and bolster its digital services capabilities and talent in core technologies such as Microsoft Dynamics, Oracle and ServiceNow.
Sierra-Cedar provides consulting, technical, and managed services for the deployment, management and optimization of next-generation applications and technology. It offers applications services, such as implementation and upgrade services for Oracle, Workday, Infor, Tyler, Oracle OBIEE, OBIA, Hyperion, EPM, and BI Cloud; and business intelligence, including strategic scorecard performance management, master data strategies, enterprise data warehouse design and implementation, training services for business users and technical support teams, and hosting and post implementation support models, as well as business intelligence metadata design, reporting, and analytics.
One of Oaklins' teams in the USA served as the exclusive financial advisor to Sierra-Cedar, a portfolio company of Golden Gate Capital, in this transaction.
Cal Yonker, President and CEO, The Sierra-Cedar Group, Inc., said: "I’ve worked with team for nearly 15 years with repeated success on our strategic initiatives. Recently, they once again delivered as promised, generating a great outcome with a strategic buyer for our Canadian entity. The specialist team's knowledge of our business, prior experience with our executive team, and rich transaction history and credentials in the IT services sector were clear differentiators in our advisor selection process. I have confidence in and provide a full recommendation for the team's expertise and processes."
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