Atturra, a technology services provider listed on the ASX, has made a significant strategic move by acquiring Kitepipe, a US-based company known for its expertise as a platinum partner of Boomi. This acquisition was carried out through Atturra’s subsidiary, Atturra North America. Kitepipe boasts a decade of experience in providing Boomi integration services, catering to various industries such as biotech, finance, and healthcare.
Boomi, the focal point of this acquisition, is a renowned software company specializing in offering integration platform as a service (iPaaS), API management, master data management, and data preparation solutions. The transaction involved Atturra paying a substantial sum of US$3.15 million upfront, with a potential additional payment of up to US$3.18 million based on Kitepipe meeting certain performance targets in the coming years.
The decision to acquire Kitepipe was underpinned by the belief that this move would enhance Atturra’s global operations and further solidify its dedication to delivering innovative, data-centric transformations. Atturra’s CEO, Stephen Kowal, emphasized that this acquisition represents a significant evolution in the company’s data and integration capabilities, particularly strengthening its presence in North America.
Both Kowal and Kitepipe’s CEO, Larry Cone, expressed optimism about the synergies that this acquisition would bring. Cone highlighted the potential for the combined entity to become a global leader in services and expertise for the expanding Boomi customer base. This sentiment was echoed by Kowal, who emphasized the pre-existing strong working relationship between the two teams, paving the way for a seamless integration process.
Atturra, known for its enterprise advisory, consulting, and IT services, focuses on serving various industries such as local government, utilities, education, defense, financial services, and manufacturing. The company’s array of services is backed by partnerships with key global providers including Boomi, Cisco, HP, Microsoft, and others.
In conclusion, Atturra’s acquisition of Kitepipe marks a strategic milestone that is poised to bolster its position in the market and enhance its service offerings, particularly in the realm of data integration and innovation. This move underscores Atturra’s commitment to staying at the forefront of technological advancements and delivering value-driven solutions to its clientele across regions like Asia-Pacific and North America.
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