Valiantys, a leading global Atlassian consulting and services firm, today announced it has signed a definitive agreement to acquire the Atlassian services division of Addteq, Inc. (“Addteq”). This acquisition will be made possible by the investment and operational support of Keensight Capital, one of the leading private equity managers dedicated to international Growth Buyout1 investments, and Valiantys’ majority shareholder since June 2022.
Headquartered in Princeton, New Jersey, Addteq has two main divisions: an Atlassian Platinum Solution partner business, offering a range of services for Atlassian’s enterprise customers, and an Atlassian Marketplace business, creating apps and extensions to Atlassian’s products. Addteq has decided to focus its efforts on its Marketplace business, and as such it was natural for the services team to join forces with Valiantys.
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“This strategic acquisition will deepen Valiantys’ services capabilities, strengthen its coverage of the financial services and healthcare sectors, and reinforce its coverage of the US East coast region,” said Lucas Dussurget, Global CEO at Valiantys.
“DevOps is critical to businesses which need to shorten the software development cycles, deliver innovation faster, and reduce deployment failures. As an Atlassian Platinum Partner, Addteq has an impressive track record in deployments and Managed Services of Atlassian solutions. We are thrilled to welcome them to the Valiantys team,” said Emmanuel Benoit, North America CEO at Valiantys.
Both Valiantys and Addteq have deep relationships with Atlassian and its ecosystem. Valiantys has been a dedicated Atlassian partner since its founding in 2006 and has been recognized as an Atlassian Partner of the Year in six of the last seven years. Addteq has been named one of Atlassian’s Platinum Experts.
“Divesting our consulting services and transitioning it to Valiantys allows our team to focus 100% of our efforts as a software company,” said Sukhbir Dhillon, President & CEO of Addteq. “Valiantys has built a strong brand in the Atlassian ecosystem, and we have a shared focus on helping customers maximize their Atlassian investment. Our service division’s experience across key vertical markets, such as financial services, telecommunications, manufacturing and healthcare, will help Valiantys drive growth and enable our prior Addteq customers to achieve their goals faster.”
“We are pleased to have supported Valiantys’ team in this strategic acquisition,”said Philippe Crochet, Managing Partner at Keensight Capital. “We strongly believe in Valiantys’ capacity to grow its pool of talent and global footprint. We will continue to support Valiantys’ leadership team in accelerating this trajectory through further international expansion.”
1 Growth Buyout: investment in profitable, private companies experiencing strong growth, through minority or majority positions with or without leverage, using a flexible approach tailored to the needs of individual entrepreneurs, in order to finance organic growth projects, acquisition strategies, or provide historic shareholders with liquidity.