Bluprintx embarks on a global expansion after acquiring ITG Commerce, backed by private equity firm Palatine.
- The Liverpool-based tech firm Bluprintx has received a significant investment from Palatine’s buyout fund to fuel its expansion plans.
- Bluprintx has acquired ITG Commerce to enhance its capabilities in the Adobe ecosystem, marking a critical step in its strategic growth.
- The acquisition expands Bluprintx’s global workforce to over 140 employees and strengthens its operations in the US and Hungary.
- Bluprintx’s leadership, supported by Palatine, aims to drive the company’s growth through further mergers and acquisitions.
Bluprintx, a Liverpool-based digital transformation consultancy with operations in the US, Netherlands, and Australia, is on a path of global expansion following a substantial investment from the private equity firm, Palatine. This move is aimed at creating a scalable, global business by enhancing the company’s service capabilities across its core operating regions.
Palatine’s backing has enabled Bluprintx to acquire ITG Commerce, a specialist in Adobe’s commerce platform. ITG Commerce operates in the US and Hungary, and its acquisition provides Bluprintx with additional capabilities in the Adobe ecosystem. This strategic move aligns with Bluprintx’s commitment to deliver technology, data, and AI solutions, focusing on Adobe and Salesforce, to foster client growth and productivity.
The deal not only augments Bluprintx’s service offerings but also increases its global workforce to over 140 employees, reinforcing its market presence in the United States and Hungary. The CEO of Bluprintx, Lee Hackett, emphasized that Palatine’s support is crucial in fortifying Bluprintx’s position and broadening its expert practices globally. Hackett is eager about the synergy between Bluprintx and the newly joined colleagues from ITG Commerce, aiming toward a comprehensive digital transformation service suite for global enterprises.
James Painter, Senior Investment Director at Palatine, highlighted the firm’s robust track record in the technology services sector. Palatine is enthusiastic about strengthening Bluprintx’s market-leading capabilities and expanding its solution offerings, striving to build a global business with significant scale. The firm’s investment philosophy focuses on supporting dynamic management teams through their next growth phases, with typical investments ranging from £10 million to £30 million.
The investment was managed by an experienced team from Palatine, including Andy Lees, James Painter, and Tom Hustler, who will also join the Bluprintx board. This collaboration is supported by thorough financial and legal advisory efforts, ensuring a solid foundation for Bluprintx’s ambitious expansion plans.
Bluprintx is poised for significant growth, leveraging strategic acquisitions and robust investment to enhance global capabilities.
