Emtec Acquires Lucidity Consulting Group, significantly enhancing its Digital Transformation capabilities as well as expertis...
April 06 2015 - 10:20AM
Business Wire
Emtec, Inc., a leading consulting firm providing industry
specific transformative digital solutions, announces the
acquisition of Lucidity Consulting Group (Lucidity), effective
April 2, 2015. Lucidity (www.luciditycg.com), based in Irving,
Texas, is an information technology consulting firm that provides
advisory, integration, and managed services across the Utilities,
Manufacturing and Distribution sectors. The acquisition
significantly complements and expands Emtec’s consulting services
including additional expertise in the Utilities and Manufacturing
industries.
In conjunction with this transaction, Emtec raised additional
funding from its existing partner NewSpring Capital, and received
new financing from MB Financial and Star Mountain Capital.
“Emtec is on an aggressive growth path and we continue to look
for firms that complement and enhance our primary service
offerings,” said Sunil Misra, President, Emtec. “The Lucidity
acquisition does both and also significantly expands Emtec’s
presence in the US Utility sector. Together we service over 100
clients in the Utilities and Manufacturing sectors, providing a
wide range of solutions such as customer care, finance operations,
human capital management, and work and asset management.”
“We are excited about joining the Emtec family,” said Clint
Brice, CEO, Lucidity. “Emtec and Lucidity share a common culture
and a desire to continuously improve the level of service we offer
our clients.”
Bret Hatfield, EVP, Co-Founder, and Co-owner, Lucidity stated,
“This transaction provides us the ability to offer additional value
added services to our clients and assist them in their
transformation to a Digital Enterprise.”
“We are extremely pleased to have Lucidity’s services and their
talented associates now part of our Emtec team,” said Don Sweeney,
Managing Director, Enterprise Application Services. “Their
strengths in advisory, support and industry focused solutions for
enterprise applications are a welcome addition to our portfolio,
further expanding our expertise and enhancing our capability to
provide significant business value and digital innovation to our
clients over the long term.”
The combined entity under Emtec Consulting Services LLC will
offer an expanded range of consulting and managed services across
our key industry segments. Emtec’s global delivery model will also
provide Lucidity’s clients with added flexibility via a mix of
onsite, onshore and offshore resources.
ABOUT EMTEC
Emtec, Inc. provides industry specific transformative digital
solutions to world class organizations in the enterprise,
government, and education markets. With offices in 11 cities in the
U.S., Canada, and India, Emtec is big enough to address our client
needs but small enough to care. Our local offices, highly-skilled
associates, and global delivery capabilities ensure the
accessibility and scale to align client’s technology solutions with
their business needs. Emtec’s singular mission is to create
“Clients for Life”: long-term relationships that deliver rapid,
meaningful, and lasting business value. Our offerings span the
entire IT lifecycle: from Advisory through Packaged, Custom, Mobile
and Cloud Applications, as well as a
variety of Analytic and Infrastructure Services. For more
information, visit www.emtecinc.com.
Emtec, Inc.Deanna Evers,
973-232-7897Deanna.evers@emtecinc.com
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