Knack Systems today announced the acquisition of New Jersey based technology company, Bridge-X Technologies
FOR IMMEDIATE RELEASE / PRURGENT
Woodbridge, New Jersey, August 7, 2019 – Knack Systems today announced the acquisition of New Jersey based technology company, Bridge-X Technologies, which holds a successful track record in bringing eCommerce innovations to leading consumer and industrial brands in the US and Europe.
Knack Systems is a premium SAP consulting partner, dedicated to providing digital transformation services across industries by leveraging best-of-breed SAP solutions to improve overall customer experience and engagement. With this acquisition, Knack Systems will significantly strengthen its digital transformation capabilities, expand its ecommerce services business, which is already trusted and relied upon by multiple customers across industries, and help its customers with end-to-end engagement while combining every touch-point between a company, its channel partners, and customers.
“The Bridge-X partnership brings exciting new capabilities and broadens our customer engagement and commerce portfolio, enhancing Knack Systems’ expertise and giving our customers more choices and outcomes tailored to their goals,” said Rajiv Sharma, Founder and CEO, Knack Systems. “We continue to strengthen our world-class solutions business to help our customers design, build, and run better business processes, and the Bridge-X partnership fits well with Knack Systems’ increasingly strong global customer experience practice.”
Bridge-X Technologies is a technology company that focuses on eCommerce and sales solutions and services—for B2C and B2B businesses—that are leveraged by industry leaders in Consumer Products, Apparel & Footwear, Fashion, Manufacturing, Retail, Oil and Gas, and Industrial Machinery and Components industries. Bridge-x Connect and SeasonOne solutions are the next generation alternatives to traditional B2B eCommerce applications, combining commerce, content, collaboration, and insight to provide competitive advantage to customers.
Sandeep Nalgundwar and Krishna Moorthy, co-founders of Bridge-X Technologies, stated, “This is a historic moment for Bridge-X Technologies. Both Bridge-X Technologies and Knack Systems share the same mission and vision. We believe that technology is at the heart of driving digital transformation and we believe our customers will benefit from our collective end-to-end customer engagement expertise. Knack Systems gains depth with our solutions and expertise in B2B and B2C commerce, while Bridge-X Technologies gains breadth with access to hundreds of customers and partners. We look forward to collaborating with Knack Systems to reach new common goals and developing exciting solutions and services for our customers”.
Sandeep Arora, COO, Knack Systems stated, “Our customers are looking for expertise and support in managing their customer journeys in this experience economy. Knack Systems and Bridge-X have already evolved a successful partnership model in the past and we look forward to integrating the two organizations across sales, project delivery, marketing, innovation, and customer success functions and unlocking additional value for our customers.”
CEO ally, Inc., a tech-focused, mid-market M&A advisory firm, acted as the exclusive buy-side advisor to Knack in this acquisition.
About Knack Systems
Knack Systems is an SAP consulting partner dedicated to driving digital transformation across industries by leveraging best-of-breed SAP solutions. With over 300+ SAP certified industry experts and four global delivery centers, Knack Systems provides a wide array of services to their customers for C/4HANA (Sales, Service, Marketing, and Commerce) and S/4HANA. Knack Systems is an SAP S/4HANA Public Cloud Lighthouse Partner, SAP “Recognized Expert” in SAP C/4HANA, SAP Gold partner, and a Value Added Reseller (VAR). For more information, visit https://www.knacksystems.com/.
About Bridge-X Technologies
Founded in 2000 and based out of East Windsor, New Jersey, Bridge-X Technologies specializes in building and delivering digital B2B and B2C products, solutions, and services for global industrial goods’ manufacturers, consumer brands, and wholesale distribution companies. For more information, visit http://www.bridge-x.com/.
About CEO ally, Inc.
CEO ally, Inc. (CEO ally) is a boutique M&A advisory firm headquartered in Pittsburgh, PA, USA which focuses on small and mid-market transactions in the fields of software, IT services, engineering design services and BPO. CEO ally, Inc., founded in 2006, executes transactions that span the US, Canada, Western Europe, Latin America and India. For more information, visit http://www.ceoally.com/.