LOS ANGELES, May 12, 2016 /PRNewswire/ -- Riordan, Lewis & Haden | Equity Partners (RLH) is pleased to announce that its portfolio company, Bluewolf Group LLC ("Bluewolf" or "BW"), has been acquired by IBM (NYSE: IBM).
Bluewolf is a globally recognized leader in implementing cloud computing solutions for enterprise clients, primarily with respect to Salesforce.com and its related products. BW is one of Salesforce's top tier and longest standing consulting partners, with 12 global offices and more than 500 employees in the United States, Europe and Australia. Bluewolf, which has delivered more than 9,500 successful Salesforce projects for clients, is consistently recognized by market analysts such as IDC as a worldwide leader in the Salesforce implementation ecosystem.
The Bluewolf team, including CEO Eric Berridge, will join the Interactive Experience (iX) practice of IBM Global Business Services to form a deeper consulting capability for clients adopting the innovative Salesforce solutions. Commenting on the power of this collaboration, Eric observed, "I believe we have the perfect alliance as part of the IBM iX team -- equally sharing our passion, discipline and desire to be a global leader in the Salesforce partner ecosystem with the scale, skills and expertise of IBM iX to catapult us there."
RLH is exceptionally proud of Bluewolf's success in growing and scaling its business. The Company's notable accomplishments include international expansion, rapid growth of its post-implementation services offering, and developing proprietary software tools that improve the Salesforce implementation process by increasing speed to completion. We congratulate CEO Eric Berridge and the entire Bluewolf organization on their achievements and wish the Company continued success in the future as part of the IBM team.
Riordan, Lewis & Haden is a leading private equity firm which partners with entrepreneurs to help them build distinctive high-growth businesses and realize their aspirations. RLH provides experienced strategic guidance to its portfolio companies while embracing the entrepreneurial spirit of those companies' founders. The RLH team, which averages over 15 years of private equity experience, has developed proven processes to enhance organic growth and drive enterprise value. With a 30+ year history of successful investing, RLH is uniquely able to help fast growing, profitable enterprises with $25-150 million revenue in the business services, healthcare, and government services sectors achieve their goals. The firm currently manages over $600 million of assets and is actively seeking new portfolio company investments.
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SOURCE Riordan Lewis & Haden | Equity Partners