October 2020
Blue Acorn iCi
CG Petsky Prunier Advises Award-Winning Digital Customer Experience, Commerce, & Analytics Company Blue Acorn iCi on its Sale to Infosys for up to $125 million
Leading Adobe, Salesforce Commerce, & Shopify Partner Further Strengthens Infosys’ Digital Capabilities Across North America
CG Petsky Prunier is pleased to announce it has advised Blue Acorn iCi, an Adobe Platinum Partner, leading Salesforce Commerce, and Shopify Partner in the US and a leader in digital customer experience, commerce and analytics, on its sale for up to $125 million to Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting. Blue Acorn iCi was previously a portfolio company of Beringer Capital, a leading private equity firm that invests in technology-led companies that serve leading brands. Beringer Capital partners with founders and management teams to build significant businesses through a combination of organic growth and add-on acquisitions.
Blue Acorn iCi is an award-winning digital customer experience company. With services that include strategy, analytics, design, and engineering, the company elevates marquee global brands across industries from Media, Consumer Goods, and Retail to Financial Services, Manufacturing, and Technology. With a more than decade-long track record of building digital content and commerce experiences for Fortune 500 brands, Blue Acorn iCi has attained the unique position of being among the first ever Adobe Platinum Partners with Adobe Experience Manager (AEM) and Magento specializations, while also receiving the 2020 Emerging Solution Partner of the Year award in the Americas.
The acquisition of Blue Acorn iCi further strengthens Infosys’ end-to-end customer experience offerings and demonstrates its continued commitment to helping clients navigate their digital transformation journeys. Infosys is focused on partnering with global brands and CMOs to help them solve their digital experience and commerce challenges, and the Blue Acorn iCi acquisition is another important milestone in building capabilities relevant to the digital priorities of Infosys’ clients and reaffirming the company’s commitment to the Adobe ecosystem.
Infosys enables clients in 46 countries to drive digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, Infosys expertly steer its clients through their digital journey, enabling them with an AI-powered core that helps prioritize the execution of change. The company also empowers its business with agile digital at-scale to deliver unprecedented levels of performance and customer delight. Infosys’ always-on learning agenda drives continuous improvement through building and transferring digital skills, expertise, and ideas from its innovation ecosystem.
CG Petsky Prunier, with a team led by Sanjay Chadda, JP Michaud, and Edin Trto, served as exclusive financial advisor to Blue Acorn iCi and Beringer Capital.