Saturday, December 27, 2014 Last update: 8:03 AM
FreshNews.com - Covering Large & Obscure Tech Companies Since 1996

Fruition Partners Acquires UK-Based Cloud Service Management Firm Partners in IT

Companies mentioned in this article: Fruition Partners

CHICAGO, IL -- (Marketwired) -- 07/01/14 -- Fruition Partners, the leading provider of technology-enabled solutions for the service management sector, and a ServiceNow Master Solutions Partner, today announced the acquisition of Partners in IT, Europe's leading Preferred Solutions Partner for ServiceNow. The move extends Fruition Partners as a comprehensive, global ServiceNow system integrator and positions the company for continued growth in the cloud services market, valued at $131 billion in 2013 by Gartner, Inc. The purchase was completed on July 1, 2014.

Commenting on the acquisition, Marc Talluto, Founder and Chief Executive Officer of Fruition Partners, said: "Fruition Partners has been growing rapidly and has been actively looking for the right partnership and acquisition opportunities in overseas markets. As a leading player in the UK ITSM and ServiceNow market, Partners in IT represents the ideal qualities that we are seeking in a partner: financial strength, solid growth, incredible people, breadth and depth-of-experience in cloud and ServiceNow implementations, a similar entrepreneurial and innovative culture, and an extensive blue-chip client list."

Acquisition highlights:

  • The combined business will have nearly 300 practitioners covering ServiceNow, cloud development and Service Management consulting capabilities.
  • Fruition Partners UK will report to Marc Talluto, Chief Executive Officer of Fruition Partners via Paul Cash.
  • The US and UK management team and existing business locations will all remain in place, focused on delivering great results for clients and partners, and will play a key role in the future development of the global business.
  • Current and future clients gain access to Partners in IT and Fruition Partners' shared R&D, training capabilities, implementation resources, and ServiceNow knowledge base.

ServiceNow's Chief Revenue Officer David Schneider shared: "We're pleased to see Fruition Partners take a strong approach to the European market for enterprise service management. As a ServiceNow Master Solutions Partner, Fruition Partners has long demonstrated the ability to provide best practices for implementations, competent managed services and custom platform development work to give ServiceNow customers the tools they need to drive great value from their ServiceNow investment."

Paul Cash, Founder and Managing Director of Partners in IT, added: "Partners in IT has similar growth ambitions to Fruition Partners and recognizes that the opportunity is greater for the two organizations working together. We have huge respect for Fruition Partners' achievements in growing their business and for their commitment to R&D. We share their culture and values, and believe that this acquisition will help us realize growth objectives in the UK and Europe, faster and with greater impact. We also think it provides significant potential for our employees to develop their careers and for our clients to benefit from the best solutions available."

For more detailed information about the acquisition, refer to the Frequently Asked Questions document at http://fruitionpartners.com/blog/piit-acquisition-faq.

About Fruition Partners
Fruition Partners is a technology-enabled services firm focused on elevating Service Management to the cloud. The company combines practical experience with technology-enabled tools and services to help organizations attain sustainable success throughout the entire Service Management process. With more than 1,500 ServiceNow projects to its credit, Fruition Partners is a Master Solutions Partner of the leading enterprise IT cloud company. Fruition's depth of experience and team of more than 200 cloud-integration experts, accelerate service management to the cloud and ensure clients experience the cost and performance benefits quickly and easily. Named one of America's fastest-growing private companies on the Inc. 500|5000 list debuting at #480, Fruition Partners is a trusted partner to some of the world's most respected organizations including Target, General Electric (GE), Delphi, Fox and Tulane University. For more information on Fruition Partners visit http://www.fruitionpartners.com, follow the company on Twitter @FruitionPartner or call toll free 1-888-604-0055.

About Partners in IT
Partners in IT is a specialist IT Service Management firm focused on the implementation, enhancement and long term management of cloud-based service and management tools for companies in both the public and private sector. Partners in IT's depth and breadth of experience in implementing enterprise IT service management technologies and processes has positioned it as the first and the leading Preferred Solutions Partner for ServiceNow in Europe. Partners in IT works for a broad range of clients including the NHS, Boots, John Lewis, Travis Perkins and Waitrose. For more information on Partners in IT visit http://www.piit.co.uk/.


Contact:

Media Contacts:
April H. Burghardt
Fruition Partners
Mob: 646-246-0484
Email: Email Contact

Kewal Varia
Spark Communications
Tel: + 44 (0)20 7436 0420
Mob: +44 (0)7779 151 920
Email: Email Contact