Welcome!

Artificial Intelligence Authors: Liz McMillan, SmartBear Blog, Progress Blog, William Schmarzo, Shelly Palmer

News Feed Item

Bunker Hill Capital Makes Significant Investment in Vesta Partners, LLC: Combination of /N SPRO and Vesta Creates a Leading “Emerging Technology-Centric” SAP Services Firm

Bunker Hill Capital, a Boston-based private equity firm, announced today that it has made a significant investment in Vesta Partners, LLC (“Vesta” or the “Company”), the leader in SAP Enterprise Asset Management (“EAM”) consulting and implementation services and technologies. The transaction represents the third investment under a consolidation strategy focused on building the leading “emerging technology-centric” SAP services firm. Vesta provides functional and technical consulting services to Fortune 500 companies utilizing SAP in the utilities, mining, rail, oil and gas and manufacturing industries. The investment was made through Bunker Hill Capital’s portfolio company, IT Holdings, and will enhance and accelerate the rapid growth of Vesta’s services. The Company’s founders will remain significant shareholders and the management team will continue in their current roles.

Bunker Hill Capital closed on its initial investment, /N SPRO, in August 2009. /N SPRO provides high value, specialized consulting services in SAP’s emerging solutions areas including: SuccessFactors, SAP mobile solutions, SAP Human Capital Management (“HCM”), SAP Customer Relationship Management (“CRM”) and SAP solutions for Environmental Health & Safety (“EH&S”). In October 2011, /N SPRO acquired DeyFischer, a provider of platinum-level SAP functional and technical consulting services to Fortune 500 companies in the retail, consumer products and agricultural industries. Under the leadership of Steve Hatcher, /N SPRO has developed the leading SAP for Retail services team in North America. In June 2012, /N SPRO acquired Javelin ERP, a Toronto-based organization specializing in SAP HCM and Payroll Solutions to further penetrate the Canadian market place. Luc Hédou, Co-Founder of /N SPRO, stated that “the investment in Vesta is a continuation of our strategy of building a company with expertise in emerging SAP technologies. Our deep knowledge in SuccessFactors, mobility, SAP for Retail, HCM, CRM, EH&S and elite services combined with Vesta’s market leading position in EAM and HANA creates a very valuable platform for all of our customers.”

Headquartered in Stamford, CT, Vesta has built the industry leading SAP EAM consulting practice while servicing global enterprise implementations. When combined with /N SPRO, the consolidated company will have a global presence with offices in the U.S., Canada, Europe and Australia and expects to open an office in Singapore in 2013. Vesta’s founders and senior management team will continue to oversee the Company’s operations and corporate development initiatives. Mike Maiolo, CEO of Vesta, stated, “We decided to partner with Bunker Hill Capital to accelerate our growth while better serving our clients through expanded solution offerings. /N SPRO is a leader in SuccessFactors, mobility, SAP HCM and CRM consulting in North America, and we look forward to introducing these capabilities to our clients.” Carl Graves, Vesta CFO, added, “The potential synergies between the two companies, including multiple service offerings, geographic expansion and specific industry expertise, are exciting, and we look forward to working with the /N SPRO team to take full advantage of these opportunities.”

Since closing the original investment in August 2009, Bunker Hill Capital has continually modified its consolidation strategy to remain ahead of market trends. According to Rufus Clark, a Managing Partner at Bunker Hill Capital, “We continue to believe there is a great opportunity to partner and consolidate companies in the SAP ecosystem, and all of us are eager to further the platform’s success in the global market.” Max McEwen, a Vice President at Bunker Hill Capital, commented, “The IT market’s rapid evolution combined with the enterprise shift towards hybrid environments comprised of on-premise, mobile and cloud solutions, is producing increased demand for focused niche services. A mid-sized emerging technology-centric platform, such as IT Holdings, is delivering solution sets and ROIs unmatchable by large system integrators.”

About Vesta

Founded in 2005, Vesta operates a functional and technical consulting practice focused on EAM solution architecture and configuration for customers in asset intensive industries. The functional consulting practice is focused on architecting and integrating SAP EAM modules, which help customers track, manage and report on capital asset usage, with expertise in utilities, mining, rail and oil & gas. In addition to its consulting services, the Company offers proprietary software solutions addressing niche EAM demands. As a leader in the EAM space and an SAP Select Consulting Partner, the Company is regularly hired by Fortune 500 customers to design and implement master IT roadmaps specifying enterprise application architecture and configuration. For more information, please visit www.vestapartners.com.

About /N SPRO

Founded in 2003, /N SPRO provides a high-value offering for the increasing market need of specialized consulting services in SAP’s emerging solutions area. As SAP AG continues to expand its solution portfolio, /N SPRO stays focused on being the “first on the first wave” of new SAP product innovation and gaining deep knowledge about new products ahead of mainstream market adoption. /N SPRO offers an elite team that is first to market and delivers high-quality consulting. They are driven to help customers achieve success with SAP software such as SuccessFactors, SAP for Retail, SAP mobile solutions, SAP HCM, SAP CRM, and SAP solutions for EH&S. As an end-to-end consulting services provider, /N SPRO offers business consulting that provides trusted guidance for maximum business impact, implementation services to help customers become a best-run business, and service desk assistance for continued business success. For more information, please visit www.n-spro.com.

About Bunker Hill Capital, L.P.

Bunker Hill Capital is a private equity firm that makes investments in lower middle market companies with enterprise values up to $150 million. The principals of Bunker Hill Capital have invested over $425 million in 30 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products and specialty retail. Bunker Hill Capital’s current portfolio company investments include California Family Fitness, the leading owner and operator of fitness centers in the greater Sacramento, CA area; Papa Gino’s/D’Angelo, a dominant quick service restaurant operator in New England; Smith & Wollensky, a premier steakhouse concept in the United States; SunBriteTV, the world’s leading designer, manufacturer and supplier of all-weather outdoor televisions and related accessories; and IT Holdings, a leading SAP services firm. For more information on Bunker Hill Capital, please visit www.bunkerhillcapital.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics gr...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things’). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing? IoT is not about the devices, it’s about the data consumed and generated. The devices are tools, mechanisms, conduits. In his session at Internet of Things at Cloud Expo | DXWor...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution. In his session at @ThingsExpo, Akvelon expert and IoT industry leader Sergey Grebnov provided an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...