|By Business Wire||
|December 14, 2012 07:00 AM EST||
glendonTodd Capital LLC (“glendonTodd”), a Dallas based private equity firm today announced the merger of Aztec Systems, Inc. (“Aztec”) and Toutatis Client Services do Brasil, S.A. (“Toutatis”) creating a multinational business process and information technology outsourcing firm with more than 1,000 customers in 13 countries and territories throughout the Americas. The merger is subject to necessary limited partner approvals and is expected to be completed in the first quarter of 2013. Terms of the transaction were not disclosed.
The combined company, to be called Toutatis Aztec Solutions LLC (“TAS”), will be based in Dallas and will offer services including human resources outsourcing, finance and accounting outsourcing, procurement outsourcing, information technology outsourcing, and data hosting services to a growing list of middle market and multinational customers across the Americas.
Aztec, a glendonTodd portfolio company, is a full service information technology outsourcing firm that was recently ranked the 27th largest value added reseller and is a Microsoft® Gold Partner. Headquartered in Dallas, Aztec has six offices across Texas and Oklahoma. Toutatis, a glendonTodd portfolio company, is a full service business process outsourcing firm headquartered in São Paulo and has nine offices in seven countries delivering business process outsourcing services to customers in 12 countries and territories. The merger will create a company with significant market opportunity and scale across the Americas with complementary service offerings. Toutatis gains access to Aztec’s growing base of over 800 customers in the US, and Aztec gains access to Toutatis’ growing base of over 300 customers in Latin America.
Marcelo França, CEO of Toutatis and a founding partner of Performa Partners, will serve as CEO of TAS following the merger. TAS plans to establish a new multilingual shared services center in Dallas staffed with 250 employees to complement the existing centers in Brazil and Mexico. Performa Partners has assisted in the operational and financial changes of Toutatis over the last three years and advised on the merger with Aztec.
“TAS will offer a robust platform of complementary information technology and business process outsourcing services to middle market and multinational companies throughout the Americas. The company has a unique opportunity to capture synergies and market demand by enhancing its scope of product offerings and geographic footprint. Our platform will give customers geographic coverage, international management capabilities and significant operations expertise,” said Todd Furniss, CEO and Managing Partner of glendonTodd.
“Combining Toutatis and Aztec will create a company with significant market opportunity and scale across the Americas with complementary service offerings and operational profiles. The uniqueness of our geographic footprint, deep, local expertise and portfolio of services enables us to provide local and multinational companies with operational capabilities to address the complexity and diversity of these markets which are not easily replicated,” said Marcelo França. “Our relationship with glendonTodd allows us to take advantage of its financial execution ability and industry knowledge.”
About glendonTodd Capital LLC – Based in Dallas, Texas, glendonTodd Capital LLC is a private equity firm that focuses on companies in the technology-enabled business services and financial services sectors and mixed-use, healthcare real estate projects. The firm makes investments in industries and geographies where their principals have significant operating experience, including direct P&L responsibility, strategic decision making, deployment of expansion dollars, and resolution of operating issues. With a global orientation and strong operational background, the firm holds true the belief that investments led by people who have experience in the industries in which they are investing makes a material difference in the quality of the investment outcome. For more information please visit www.glendontodd.com.
About Toutatis Client Services do Brasil, S.A. - Based in São Paulo, Brazil, Toutatis Client Services do Brasil, S.A. creates, implements, and delivers high-performing process-based solutions for blue chip, multinational companies throughout Latin America including finance and accounting, human resources, procurement outsourcing, and software as a service (“SaaS”). The firm has nine offices in seven countries and territories throughout Latin America, giving it the ability to serve international clients who have operations throughout the region, including Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Honduras, Mexico, Peru, Puerto Rico, and Venezuela. For more information please visit www.toutatisglobal.com.
About Aztec Systems, Inc. - Aztec Systems, Inc. is an information technology outsourcing and business services provider to middle market companies located across the south-central region of the US. Recently ranked 27th in revenue on Bob Scott’s 2012 Top 100 VARS list, Aztec has achieved the highest standards in its industry and has received accreditation as a Microsoft® Gold Partner. Aztec maintains a home office in Carrollton, Texas, with branch offices in Austin, Texas; Dallas, Texas; Tulsa, Oklahoma; and Oklahoma City, Oklahoma. For more information please visit www.Aztecsystems.com.
About Performa Partners – Based in São Paulo, Brazil, Performa Partners is a management consulting services firm that promotes growth and development of middle market companies focusing on critical moments in a company’s business cycle including growth challenges, change management, mergers and acquisitions and restructuring. The firm provides its clients with management leadership and services, develops strategic road maps and implementation plans, and provides tactical implementation services and capital investment. With interactive networks of customers and partners and access to capital resources, real business opportunities are created. For more information please visit www.performapartners.com.
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