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Deloitte Corporate Finance Advises IQNavigator in MSP Sale

October 31, 2014, 07:28 AM
Filed Under: Technology

Deloitte Corporate Finance acted as exclusive financial advisor to Denver-area’s IQNavigator, Inc., a portfolio company of GTCR, in the sale of its managed services provider division to MSX International, Inc. IQNavigator is a leading provider of contingent workforce solutions in the United States and globally. The acquisition closed on August 4, 2014.

DCF advised IQNavigator on the exploration of various strategic alternatives, including the consideration of a variety of transaction and bid structures.

“IQNavigator is a technology company with a clear vision of the value we deliver to our community of customers and partners. The sale of our MSP division enables us to be laser focused on building and delivering better software that includes new levels of innovation and helps global companies make better labor decisions,” said Joe Juliano, President and CEO of IQNavigator.

“Increasing sophistication in the contingent workforce market has created demand for differentiated managed service provider programs and vendor management systems.  IQNavigator has been a leader in the contingent workforce space for years, and we are excited to have helped the company reshape itself to pursue new growth opportunities in the vendor management system market,” said Phil Colaco, managing director for Deloitte Corporate Finance LLC.

IQNavigator is a leading independent technology provider of Vendor Management System (VMS) software for Global 2000 companies. IQNavigator’s products enable enterprises to intelligently manage and optimize complex services procurement and contingent workforce programs. Since 1999, IQNavigator’s products have been delivering procurement visibility and predictability, helping corporate leaders around the globe increase profitability, mitigate risk and compete more effectively.

MSX International is a business process outsourcing company that provides technology based services to enterprises in more than 80 countries. The Retail Network Solutions group partners with global automakers to enhance the retail customer lifecycle by streamlining business processes to positively impact revenue and performance. The Human Capital Solutions group provides professional and technical staffing services on a temporary, temporary-to-hire and direct-hire basis.

Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth.

Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage.

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