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The acquisition will further support Probe CX’s journey to becoming the leading provider of digital solutions and is an example of the company’s commitment to innovation and global expansion. Probe CX is backed by KKR, a leading global investment firm.
For Innovior, this is an exciting step forward on their mission to unlock greater human potential through digital transformation.
Commenting on the sale, Tim Ryan, Co-Founder of Innovior, said: “We knew from day one we were in good hands with Grant Thornton; they were a brilliant ally, always communicative and clear and helped us navigate a complex and time-consuming process. They ensured we achieved a fantastic result and that our focus could remain on running our business in the meantime. Their attention to detail and negotiating skill is unmatched, as was the support we received throughout.
Grant Thornton have helped us take the logical next step in Innovior’s journey. There is a great fit with Probe CX culturally, strategically and in the ambition to deliver top-tier service to our customers. We couldn’t be more excited about the future.”
Holly Stiles, Corporate Finance Partner at Grant Thornton Australia added: “There is significant M&A activity in the IT and digital transformation sector in Australia and globally. Increasing demand from large corporates and government to leverage the power of technology to improve their business and make more efficient use of their team members in a global shortage of talent is driving high growth in the IT consulting sector.”
“These industry tailwinds, together with a shortage of experienced digital transformation consultants, is attracting both corporate acquirers and Private Equity investors. It was a pleasure to advise the Innovior shareholders and we congratulate Innovior and Probe CX on the transaction,” Holly said.
Press
Congratulations to Innovior on becoming the newest member of the Probe CX Group
15 Nov 2022
Innovior, a fast-growing digital transformation consulting business, has entered into an agreement to be acquired by Probe CX, a market-leading customer experience and digital transformation organisation.
The acquisition will further support Probe CX’s journey to becoming the leading provider of digital solutions and is an example of the company’s commitment to innovation and global expansion. Probe CX is backed by KKR, a leading global investment firm.
For Innovior, this is an exciting step forward on their mission to unlock greater human potential through digital transformation.
Commenting on the sale, Tim Ryan, Co-Founder of Innovior, said: “We knew from day one we were in good hands with Grant Thornton; they were a brilliant ally, always communicative and clear and helped us navigate a complex and time-consuming process. They ensured we achieved a fantastic result and that our focus could remain on running our business in the meantime. Their attention to detail and negotiating skill is unmatched, as was the support we received throughout.
Grant Thornton have helped us take the logical next step in Innovior’s journey. There is a great fit with Probe CX culturally, strategically and in the ambition to deliver top-tier service to our customers. We couldn’t be more excited about the future.”
Holly Stiles, Corporate Finance Partner at Grant Thornton Australia added: “There is significant M&A activity in the IT and digital transformation sector in Australia and globally. Increasing demand from large corporates and government to leverage the power of technology to improve their business and make more efficient use of their team members in a global shortage of talent is driving high growth in the IT consulting sector.”
“These industry tailwinds, together with a shortage of experienced digital transformation consultants, is attracting both corporate acquirers and Private Equity investors. It was a pleasure to advise the Innovior shareholders and we congratulate Innovior and Probe CX on the transaction,” Holly said.
Experts / Authors
Holly Stiles
Holly is the National Head of Corporate Finance and specialises in mergers and acquisitions, guiding businesses and their owners in strategic planning for acquisitions, Private Equity, capital raisings, and succession events or business sales.
View ProfileMikala Spark
Senior Communications Manager at Grant Thornton Australia
