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The acquisition creates a new business unit that provides cost-cutting and simplification of extremely complex technology systems.
Fremont, CA: E78 Partners, founded in 2016 by former private equity professionals, is a private-equity-focused accounting, finance, and technology consulting and outsourcing organization that has built and purchased a portfolio of services aimed at creating value through the Office of the CFO.
PES, a technology-enabled managed service provider with more than 30 years of experience optimizing and managing cloud, mobile, and infrastructure expenses, was purchased by E78 Partners.
PES is technology-enabled spend management & strategic sourcing firm with more than 30 years of experience optimizing and managing cloud, mobility, and infrastructure expenditures. PES is the most experienced and respected technology cost management agency in the United States, with clients ranging from privately held portfolio firms to publicly listed multinational enterprises, including many in the Fortune 500's top tiers.
"PES has earned a reputation for delivering reductions in business technology expenses while enhancing performance, accessibility and security. From day one, they're going to significantly strengthen the value we offer our clients, enabling us to have an immediate, meaningful impact on their bottom line," said John Signa, founder and CEO of E78 Partners.
As a member of the E78 family of firms, PES will serve as the foundation for a new cost optimization business unit focused on eliminating client overspending while assisting clients in getting the most out of their cloud, wireless, data, and wireless, and associated IT systems. They are one of the few firms that serve a diverse range of clients, including Fortune 500 companies, private equity firms, and middle-market companies. Their expertise across this spectrum is expected to accelerate E78's emergence as a single-source performance and growth improvement partner for previously underserved target markets.
PES is the new in a series of acquisitions by E78 during the last two years, solidifying the company's national footprint in the professional services business. Further Global Funding Executive sponsors E78. This private equity firm serves as a thinking partner, network builder, and capital source for best-in-class management teams in the business and financial services industries.