By Alan Hatfield
Technology, data analytics, and digital transformation consulting firm Resultant today announced it has entered into a definitive agreement to acquire Dallas-Fort Worth-based data analytics company Teknion Data Solutions.
The deal will help Resultant’s geographical expansion into Texas, while adding to its data expertise, and adding around 60 new members to the Resultant team across data engineering, business intelligence, and sales. Resultant will also benefit from the addition of Teknion’s portfolio of more than 150 tested and recurring client relationships.
Resultant makes the announcement amid the continued execution of a considered M&A strategy, with the Teknion acquisition representing the fourth, and largest, in the last three years. Over that period, Resultant achieved 375% sales growth, with 70% coming via organic growth and 30% coming through M&A.
“We are thrilled to welcome Teknion’s proven data solutions business and outstanding team, as we continue to drive growth and ensure we are delivering best-in-class solutions and services to our clients,” said Mark Caswell, Chief Executive Officer of Resultant, in a statement. “The addition deepens our expertise in key solutions like Snowflake, Tableau, WhereScape, and Alteryx. It also strengthens our Data Managed Services offering, allowing us to add Data Governance and Data Quality as a Service. We look forward to leveraging our deeply aligned company cultures and systems to further innovate unique, human-centric solutions for our clients.”