Acacia Group portfolio company Highmetric sells ServiceNow division to Gryphon Investors

Gryphon Investors acquired the ServiceNow division of Highmetric, a portfolio company of the Acacia Group. As part of the transaction, Acacia retained a minority investment in the company.

As the Highmetric brand was accompanied by the acquisition of Gryphon, the remaining company has been renamed MajorKey Technologies. Acacia will continue to establish MajorKey as a market leader and provide commercial and government customers with cloud-enabled digital transformation in its investment in technology products and service companies.

Acacia first acquired The Column Group in May 2019 and completed two additional acquisitions before unifying the company under the Highmetric brand earlier this year. During this period, the company’s ServiceNow division continued to develop rapidly—consolidating its position as one of the world’s leading ServiceNow elite partners. In March, Highmetric was named the 2021 Customer Workflow Partner of the Americas by ServiceNow.

Acacia Group partner Craig Dawson said: “Due to Highmetric’s excellent reputation, we have received several proactive ways to acquire its ServiceNow business.” “Gryphon has proven that they have the vision and resources to build a truly global ServiceNow business. We wish them in A complete success in the new endeavor.”

Operated as MajorKey Technologies, the remaining business brings together more than 420 technology, sales and delivery experts, focusing on helping public and private sector customers unlock the benefits of cloud-enabled digital transformation. Their solution architecture, software development and managed services expertise covers a range of functions, including enterprise service management, cloud operations, identity and access management, and DevSecOps.

Acacia Group is working with the MajorKey management team to develop ambitious plans to develop the company’s existing core practices and invest in new technologies and capabilities.

The company’s ultimate mission is to enable customers to respond to customer needs and regard it as a cohesive agile unit for the entire enterprise, aligning people with processes, processes and technology.

MajorKey is one of Acacia’s key investments in companies that develop and provide products, professional and managed services for corporate customers and government agencies, with a focus on supporting the digital transformation of the cloud. Acacia’s other investments include Applied Insight and ID Technologies, both of which focus on the US federal technology sector and are recognized for their award-winning cloud and endpoint security product innovations. Together, these companies backed by Acacia enable thousands of government and business users to safely collaborate to provide high-quality services to their customers and countries.

Jefferies LLC acted as exclusive financial advisors for the transaction, and Miles and Stockbridge PC acted as legal advisors to Highmetric.