Summit Park Announces Sale of Aspirent Consulting
Summit Park is pleased to announce the sale of its portfolio company Aspirent Consulting (“Aspirent” or the “Company), a data and analytics and digital transformation consultancy, to NTT DATA.
Aspirent, headquartered in Atlanta, GA, provides end-to-end solutions across data and analytics, professional services, and cloud development and is focused on executing complex, enterprise-scale analytics initiatives for Fortune 500 clients. The Company’s highly experienced team, track-record, and proprietary analytical solutions have led to its growth into a leading data and analytics consulting platform. Aspirent has built long-term relationships within its client base that span multiple industry verticals and geographies.
Summit Park invested in Aspirent in 2019. During its three-and-a-half-year ownership period, Aspirent established a strong growth trajectory through expanding its solution offerings, building on its world-class technology partnerships, and growing its enterprise client base.
Jim Johnson, co-Managing Partner at Summit Park said, “Aspirent has experienced significant growth and established an exceptional reputation as a leader in data and analytics consulting services, which allows it to stand out amongst peers and competitors. We are proud of our achievements in partnership with the Aspirent team, and we look forward to following the Company’s future success as a part of NTT DATA.”
Jim Folds, an Operating Partner of Summit Park and Board Member at Aspirent, added, “Both the Summit Park and Aspirent teams led a transformation across various segments of the business by implementing the structure and leadership to enable scale, broadening service offerings, enhancing account management practices, and focusing on career development for its employees. The result of this hard work has positioned Aspirent as a clear market leader with exceptional capabilities and expertise.”
“The financial support and business guidance we received from Summit Park over the past three years was invaluable to our rapid growth, market success, and award-winning culture,” said Aspirent Co-founder and CEO Andrew Wells. “We are grateful for our partnership with Summit Park and excited to expand our capabilities and accelerate our growth path as an NTT DATA company.”
The transaction marks Summit Park’s first exit from its third fund, Summit Park III. Canaccord Genuity LLC served as the exclusive financial advisor and McGuireWoods LLP acted as legal advisor to Aspirent and Summit Park in connection with this transaction. Pillsbury Winthrop Shaw Pittman LLP served as the legal counsel to NTT DATA.
Aspirent provides strategic consulting, cloud development, and project execution services related to data and analytics for blue-chip clients located throughout the United States. Aspirent’s clients are Fortune 500 companies across various end markets, including consumer goods, industrial products, communications, and healthcare. Engagements with Aspirent typically involve solving clients’ evolving data-related business problems through a combination of applied data science, information management, cloud development and migration, data visualization, and project management. For more information, visit www.aspirent.com.
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