Eze Castle Integration, which is backed by H.I.G. Capital, has acquired New York City-based Alphaserve Technologies, a provider of managed infrastructure and digital IT services for the financial and professional services markets. No financial terms were disclosed.
BOSTON–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $40 billion of equity capital under management, is pleased to announce that its portfolio company, Eze Castle Integration (“Eze Castle”), has acquired Alphaserve Technologies (“Alphaserve”).
Headquartered in New York, NY, 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 is known for guiding clients through their digital transformations with premier client service and strategic solutions.
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.”
“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.
“We are proud of the Eze Castle team’s performance during these volatile times and the collective work we have done to make Eze Castle into a platform capable of consummating transactions like Alphaserve. Both Eze Castle and Alphaserve customers will benefit from this unmatched combination of expert IT professionals, truly global delivery models, and broadened product solutions and service capabilities,” said Todd Ofenloch, Managing Director of H.I.G. Capital.
About Eze Castle Integration
Founded in 1995, Eze Castle Integration is a global leader in end-to-end technology solutions to financial and professional services industries. We allow 800 forward-thinking organizations around the world to reach new performance levels through innovative technology and business transformations. For more information, visit www.eci.com.
About Alphaserve Technologies
Founded in 2010, Alphaserve is a global provider of end-to-end technology solutions to financial and professional services industries. Alphaserve’s offering focuses on emerging digital technology solutions, including security, automation, application development and infrastructure technologies. For more information, visit www.alphaserveit.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $40 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.