Technology consulting firm Third Wave snapped up by Deloitte

25 June 2018

Deloitte has acquired Halifax-based cloud consulting firm Third Wave Consulting. The company, which has additional offices in Calgary and Houston, provides Salesforce-based cloud transformation services to oil & gas, as well as other industries.

Businesses are increasingly adopting cloud computing because of its positive effects on productivity, security, and cost reduction. Cloud applications that boost business performance are also spreading, with Salesforce one of the most prominent cloud software-as-a-service (SaaS) companies. Its Sales Cloud customer relationship management (CRM) software is one of the most popular CRM tools, while its Marketing Cloud marketing automation software is another very popular offering. Salesforce also has a number of other offerings, including ecommerce platforms and analytics, all based in the cloud.

Halifax-based technology consulting firm Third Wave Consulting supports clients with business solutions based on Salesforce’s cloud services. Founded in 2001, the firm also has offices in Houston and Calgary, where it has helped oil & gas clients with custom developed and tailored cloud business solutions. Third Wave has also supported clients in manufacturing, aerospace, telecom, and the public sector.

Now, Big Four accounting and consulting firm Deloitte has announced that it has acquired the leading tech consultancy. The Third Wave offices in Halifax, Calgary, and Houston will now operate under the Deloitte Digital brand.
Technology consulting firm Third Wave snapped up by Deloitte
“We’ve been crossing paths and looking to collaborate with Third Wave since 2015,” commented Tony Krajewski, Customer and Marketing Partner at Deloitte Digital. ”Its strong brand and reputation with its clients and the Salesforce/ community in Canada is well-known. We are very excited about taking a big step towards servicing our clients with new talent, Intellectual Property and experience, especially in the markets where both Third Wave and Deloitte are strong today in Eastern Canada and Calgary.”

Third Wave’s deep digital expertise and strong industry relationships will help give Deloitte a strengthened presence in the oil & gas sector. Deloitte also gains three new leaders from the acquired firm. Third Wave Founder and Co-owner Steve Davies will join Deloitte Digital as Atlantic Canada Salesforce Leader, while Alex Campbell and George Heal will join as leaders focusing on the oil & gas sector.

“We’re excited to join a global company like Deloitte,” remarked Davies. “Not only will we be able to provide our services in Salesforce and Oil and Gas, but we’ll be able to better serve our clients by having access to Deloitte’s extensive service offerings and creating a one-stop shop.”

Third Wave will join Deloitte’s extensive network of more than 263, 000 professionals worldwide. In Canada, Deloitte has more than 8,000 employees across 55 offices.

While strengthening Deloitte’s service offering to energy clients, the acquisition also reinforces the global consultancy’s digital capabilities in Canada’s Atlantic region. “We have many of our clients in the region eager to consider and undertake digital transformations, and with Third Wave’s delivery centre in Halifax, it allows us to grow and provide new and exciting services from the region,” remarked Mat Harris, Regional Marketplace Partner, Atlantic Canada.

Halifax and the Atlantic region are garnering buzz as a growing digital and innovation hotspot in Canada. With a strong pool of talent, bright graduates from local universities, and a relatively low cost of living, Halifax is an increasingly attractive city for digital firms. Indeed, fellow Big Four firm EY recently opened a robotic process automation centre in the Nova Scotian capital. The EY RPA centre will create up to 150 high-tech jobs over the next five years.


Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

19 March 2019

IT consulting and services firm Syntax Systems recently welcomed Pierre Fitzgibbon, Quebec Minister of Economy and Innovation, to its Montreal headquarters. At a joint press conference, the firm announced the completion of its acquisition of Germany-based SAP cloud specialist Freudenberg IT (FIT).

In January, Syntax – a portfolio company of Montreal-based private equity firm Novacap – announced a double acquisition of cloud ERP consulting firms EmeraldCube Solutions and FIT. EmeraldCube’s specialization lies in Oracle’s JD Edwards software, as well as Amazon Web Services, while FIT is a leading SAP partner. Novacap provided equity financing for the deals.

The acquisition of FIT augmented Syntax’s core offering in Oracle strategy and implementation with SAP software expertise, while extending the firm’s footprint into Europe, Latin America, and Asia-Pacific, as well as adding 850 employees. The EmeraldCube deal boosted the firm’s capabilities and presence in the US, adding to Syntax’s offices in New York City and Somerset, New Jersey.

Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

At a joint press conference attended by Quebec’s Minister of Economy and Innovation, Syntax announced the strategic acquisition is now official, after a six-week period of customary approvals.

"I am very proud of what our company has become. Thanks to these deals, Syntax can deploy its expertise in many new markets, such as Asia, Europe and Latin America, as well as reinforce its North American presence. Syntax will keep its head office in Quebec and wants to inspire other companies to conquer international markets. We look to the future with great confidence, because FIT and EmeraldCube Solutions share our values of customer success and excellence. We are now a major player in the industry," Christian Primeau, CEO of Syntax, said.

The FIT acquisition gives Syntax offices  in Germany, the US, China, Hungary, Slovakia, and Mexico. It also adds a strong client base in the automotive and manufacturing sectors, as well as a deep partner relationship with German ERP giant SAP.

“Quebec and its metropolis are locations that favour the development of information and communications technology as well as companies that are active in this cutting-edge sector. Syntax is demonstrating this by acquiring two international companies and continuing its growth," Minister Pierre Fitzgibbon said at the press conference. 

“This is a great example of a Quebec company that is distinguishing itself internationally and promoting our expertise throughout the world. I am delighted by this announcement, for Syntax and for Quebec as a whole," he added.