Progress Partners and SI Partners Advise Mad*Pow on Its Sale to Tech Mahindra

Mad*Pow is a purpose-driven, strategic design consultancy that strives to work on projects that promote health, financial wellbeing, and social impact.

BOSTON & NEW YORK–(BUSINESS WIRE)–Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it acted as joint advisor, working with SI Partners, a global M&A advisor and growth consultancy, to Mad*Pow on its sale to Tech Mahindra, an India based technology company. This deal looks to bring an increase in UI/UX talent and U.S. customer base for Tech Mahindra.

Mad*Pow combines a unique product offering with a diverse clientele, this acquisition will provide Tech Mahindra with a broader digital footprint in the U.S. as well as the world. “The acquisition of Mad*Pow by Tech Mahindra will allow us to continue to work with our clients to put people at the center, designing to achieve social impact and business value, now through an even broader and diverse network,” said Amy Heymans, Co-Founder and Chief Experience Officer at Mad*Pow.

The M&A advisory team from Progress Partners, which acted as joint financial advisor to Mad*Pow on the transaction, was led by Chris Legg. “The extensive knowledge of the industry and commitment to detail of the Progress team is part of what made this deal possible[1] ,” said Heymans. Legg reflects on the growth potential for Mad*Pow from the transaction, “With Mad*Pow’s nearly two decades of work in the industry, they have created a very significant reputation and level of expertise. Tech Mahindra was the right fit for this consultancy to continue to grow their diverse clientele and suite of products.”

About Mad*Pow

Mad*Pow leverages strategic design and the psychology of motivation to create innovative experiences and compelling digital solutions that are good for people and good for business. Since 2000, they have been collaborating with customers to make a positive influence on people’s lives and solve real world problems. Mad*Pow’s senior team of 80+ designers, strategists, behaviour change experts, researchers, technologists, and creative thinkers are focused on helping their clients with experience innovation, behaviour change, and digital solutions.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. Tech Mahindra is a USD 4.9 billion company with 113,550+ professionals across 90 countries, helping over 926 global customers including Fortune 500 companies. Their convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

About Progress Partners

Progress Partners is a Boston and New York-based M&A advisory firm working with emerging technology companies within media, marketing, advertising sectors, serving SMB through Enterprise. Progress Partners works with buyers and sellers of high growth companies to complete M&A transactions, raise debt or equity capital, as well as, develop and implement strategic growth plans. The firm’s high standards of excellence, deep industry experience, extensive network, and entrepreneurial background give Progress Partners the ability to build and realize superior value for its clients. Securities offered by Applied Capital, LLC, member of FINRA and SIPC. Visit www.progresspartners.com for more information.

About SI Partners

SI Partners is a global M&A advisor and growth consultancy with a passion for creative and technology businesses. SI Partners advises mid-market creative, communications, media, consultancy and technology businesses across Asia, Europe and U.S. on growth, leadership, commercial behaviour, building global businesses and mergers and acquisitions. SI Partners sector specialist knowledge coupled with its global acquirer network and cross-border expertise enables the firm to develop growth strategies and originate innovative deals that deliver maximum value for investors and shareholders.

www.sipartnersglobal.com | @SIPartners | www.linkedin.com/company/s-i-partners

Contacts

Progress Partners

Rachael LaMalva

rlamalva@progresspartners.com

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