Fifth Strategic Acquisition Strengthens Digital Transformation and Salesforce Consulting Capabilities
NEW YORK – One Equity Partners (“OEP”), a middle market private equity firm, today announced that its portfolio company Computer Design & Integration (“CDI”), a market-leading IT solutions provider, has completed the acquisition of Candoris (“the Company”), a premier technology solutions provider that enhances key strategic partnerships with Dell Technologies and Salesforce. Financial terms of the transaction were not disclosed.
Headquartered in Annville, Pa., Candoris provides managed IT services, Salesforce consulting, application development and digital transformation services across the Northeastern U.S. The addition of Candoris will strengthen CDI’s suite of digital services and modern cloud-native application development capabilities.
“CDI’s acquisition reflects OEP’s expertise in identifying fast-growing technology businesses that are highly complementary, drive growth and allow customers to realize the benefits of next generation technology that advances their digital infrastructure, productivity and security,” said Chip Schorr, Senior Managing Director at OEP. “Candoris strengthens CDI’s digital services practice and gives CDI a stronger presence in key markets; we are thrilled to bring the two businesses together,” added Charlie Cole, Principal at OEP.
“We have evolved into a next-generation digital integrator focused on staying ahead of the curve and, like CDI, Candoris has built a robust digital service offering. Their expertise with Salesforce solutions, paired with our elite ServiceNow offerings, brings added value to our mutual clients who time-after-time have asked to bring these complementary platforms together,” said Rich Falcone, CEO of CDI. “It made sense to partner so that our clients can optimize their application development and transform how they deliver differentiated customer experiences. Additionally, combining two Dell Titanium Partner organizations further deepens our value offerings in the data center. This is a great day for CDI, Candoris and our clients.”
“At Candoris we have focused on helping organizations of all shapes and sizes pursue a confident path towards success through digital transformation,” said Stephan Van Der Ploog, President and Chief Accountability Officer of Candoris. “We are excited to join CDI which shares the same dedication to modernizing IT infrastructure, supercharging productivity and elevating security to ensure our customers’ success.”
As CDI completes its fifth add-on acquisition in Candoris, the deal reflects OEP’s strong experience investing in and building IT managed services and digital services businesses through strategic acquisitions and organic growth initiatives. Since OEP announced its investment in CDI in January 2020, the Company has also acquired Kintyre Solutions, a Philadelphia-based systems integrator; High Availability, Inc., a Philadelphia-based IT solutions provider; P5 Solutions, Inc., a Reston, Va.-based ServiceNow Elite Partner; and Plan B Technologies, Inc., an Annapolis, Md.-based IT solutions and professional services provider.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
About Computer Design & Integration LLC (CDI LLC)
CDI LLC was founded in 1995, with corporate headquarters in New York City, and office locations in Teterboro, N.J., Atlanta, Annapolis, Philadelphia, Boston, Virginia, Colorado and Minnesota. The firm has been recognized as one of the top solution providers in the world, offering clients and businesses of all sizes the most up-to-date hybrid IT technology solutions. CDI continually focuses on achieving client satisfaction by developing and implementing digital solutions that enhance day-to-day workflow processes, and combines the required experience, exceptional talent, quality assurance and stability needed to solve today’s complex business challenges. For more information, visit cdillc.com or call 1-877-216-0133. Follow us on Twitter, Facebook, LinkedIn and YouTube.
Candoris is a service provider committed to customer success and delivering digital solutions of lasting value. Our team of technical pathfinders empowers organizations to confidently embrace digital transformation through Data Center Solutions, Software Engineering, Salesforce Consulting, and Managed IT Services. A mission-focused company, Candoris has committed resources to impact children around the world and at home through medicine, education, and clean water initiatives.