Celerity Acquired by AUSY; Becomes Flagship Company, Engine for its Growth in North America

Leading business acceleration consultancy's success and fast growth led to their selection to become the platform for AUSY's global expansion efforts

Nov 19, 2015, 09:00 ET from Celerity

MCLEAN, Va., Nov. 19, 2015 /PRNewswire/ -- Celerity, a leading business acceleration consultancy, announced today that they entered into a definitive agreement to become a wholly-owned subsidiary of AUSY North America, 100% subsidiary of AUSY SA. AUSY, publicly-traded on the NYSE Euronext Paris, is a French-based international company specializing in IT consulting and engineering for Advanced Technologies. Celerity will remain operationally autonomous after the acquisition, and become the US platform for future North American growth.  

This acquisition enables Celerity to expand its service offerings and capabilities in several key areas, such as offshore development, Open Source expertise; and increase strength around Agile development, digital transformation, and project management services. Celerity will play a leading role in AUSY's continued global growth and expansion, as its first US-based purchase and the flagship operation for its ongoing success as it builds a footprint in North America.

Celerity represented an ideal acquisition for AUSY as a result of the numerous similarities in 'Corporate DNA' shared between the organizations, such as nature of clients, technologies, industries served, and styles of business. As AUSY was interested in investing in new markets, building on its well-diversified presence in Europe, Celerity's profitable organic growth, success, and depth of technical expertise made them an ideal partner.

Celerity's full leadership team will remain in place and there will be no changes in Celerity personnel as a result of the change in ownership.

"This acquisition provides Celerity with a new strategic avenue to drive growth and value to our clients through expanded service offerings and geographic reach," said Michael Berkman, Celerity's CEO. "Our combination with AUSY will position Celerity to accelerate continued growth into North America with more capital for acquisition, while expanding our depth of offerings for existing and new clients. Our new position as AUSY's US platform will also create excellent growth opportunities for all of our consultants and internal employees. We look forward to what is ahead."

"We are thrilled about the potential Celerity brings for us to expand our capability and geographic footprint in the US and larger North American market," said Philippe Morsillo, CEO of AUSY. "AUSY saw a clear opportunity to acquire a thriving, complementary business that focuses on the rapidly growing digital market, and has significant geographic presence and a diverse client base." 

About Celerity
Celerity is a business acceleration consultancy for the digital economy. Celerity delivers integrated solutions that help customers close gaps between business strategy, technology integration, and experience design needs. With $84m in revenue in 2014, Celerity has over 500 employees in 9 regional offices.

About AUSY
AUSY is an international Consulting and Engineering firm in Advanced Technologies with a business model based on innovation and complementary services between its 2 core activities: Information Systems and complex Industrial Systems. In 2014, AUSY reached over $340.9 million in revenue and had employed more than 4,000 personnel at over 35 locations in 10 countries: France, Belgium, Luxembourg, the UK, Germany, Spain, USA, Romania, Tunisia and India.

AUSY offers a comprehensive suite of solution offerings that combine IT consulting and engineering expertise, from the production of applications and systems to the outsourcing of solutions on-and off-site. Named an "Innovative Company" by OSEO Innovation and nominated for the ʻPrix de lʼ Audace Creatriceʼ for the last two years, AUSY brings support to many innovative and humanitarian projects. For further information, please visit www.ausy.com.

SOURCE Celerity