ORIX Private Equity Solutions (“OPES”) is pleased to announce the closing of an equity co-investment in Accelalpha, in partnership with Century Park Capital Partners (“Century Park”) and the Accelalpha management team. OPES also invested additional equity in the subsequent merger between Accelalpha and Prolog Partners (“Prolog”). The majority recapitalization of Accelalpha was completed on March 6th and the merger with Prolog closed on April 9th.
Headquartered in Bellevue, WA, Accelalpha is a premier business and IT consulting services firm focused on providing end-to-end enterprise solution implementation and managed services. Accelalpha supports Fortune 500 and middle market companies across a broad range of industry verticals and is an Oracle Gold Partner and Oracle Certified Cloud Excellence Implementer. The company provides expertise in key cloud-based supply chain and logistics applications, such as global trade management, transportation management, warehouse management, configure price quote, and enterprise resource planning. Accelalpha was founded by Nat Ganesh, a 20+ year veteran in the enterprise software market. He will continue to serve as CEO of the company and maintains a significant ownership stake in the combined entity.
Located in Atlanta, GA, Prolog Partners, which has since been integrated into Accelalpha, is a leading implementer of Oracle cloud warehouse management, transportation management, and global trade management software solutions. The legacy Prolog team possesses deep Oracle application knowledge and logistics business process expertise. Both of Prolog’s founding partners, Alfonso Ibanez and Harrison Hudgins, will remain with the company and maintain a significant equity stake in the merged entity.
“Combining with Prolog was the first step in our acquisition growth plan, which enables us to be the ‘go-to’ partner for Oracle cloud logistics deployments, irrespective of the level of complexity,” stated Nat Ganesh. “Merging Prolog Partners with Accelalpha provides exceptional growth opportunities across the globe and deepens our commitment to service excellence for our clients,” commented Harrison Hudgins. Alfonso Ibanez added, “Both Prolog and Accelalpha are focused on similar goals and are culturally compatible, with a customer-first mindset. We remain deeply committed to the core mission to deliver top-quality services and superior value to our Oracle partners and our clients.”
“Accelalpha and Prolog bring innovative and experienced management teams to the partnership with a sterling reputation for delivering outstanding customer service,” added Marty Sarafa, Managing Partner with Century Park. “We are exceedingly impressed with the business and service delivery model that Nat Ganesh and his team have created. The company’s focus on building cost-effective solutions that enable customers to realize an accelerated time-to-value for their investment, along with being recognized as a trustworthy and reliable Oracle partner, serves as a force-multiplier in expanding market opportunities.”
“OPES is excited about partnering with Century Park and continuing to grow the Accelalpha platform,” said Jeff Sangalis, Managing Director and Group Head of OPES. “We are proud to have been able to support the operational needs and growth plans of Accelalpha and Century Park in these uncertain times.”