CBTS joins forces with TowerBrook Capital Partners

December 02, 2024
Author: Jeff Lackey
About CBTS | Blog

I am thrilled to announce that CBTS has officially been acquired by TowerBrook Capital Partners, marking a significant milestone for our company. This partnership opens incredible opportunities for growth and innovation, allowing us to rapidly enhance our product offerings and continue to deliver outstanding business outcomes to enterprise organizations across North America and globally.

AI functionality and intelligence have become essential elements in both our solutions and our managed services operations. While digital transformation continues to modernize corporate IT systems and processes, true innovation comes from AI-enabled technologies with self-learning capabilities that drive greater efficiencies over time.

TowerBrook’s vision and investments will enhance CBTS’ capabilities in these areas while fueling our growth in the markets we serve. Our new partnership with TowerBrook presents an exciting opportunity to elevate the innovation we deliver to our customers.

Delivering transformative AI-enabled solutions

As CBTS embarks on this new chapter, our focus remains on delivering transformative technologies that help our clients navigate the complexities of the digital landscape. We are poised to sharpen our focus on AI assessment services and are ready to help clients pinpoint opportunities for GenAI, fueling growth and unleashing the potential to effortlessly scale operations.

Industry leaders at the helm

In tandem with the acquisition, CBTS is pleased to announce its newly appointed board of directors, whose distinguished expertise will guide the company in its next phase of expansion. The board includes industry visionaries with extensive experience leading technology companies through periods of exponential growth. Joining the board with representatives from TowerBrook and CBTS are:

  • Board Chair Abidali Neemuchwala, bringing more than 32 years of experience including CEO of Wipro, known for his transformative leadership in the IT sector.
  • Rick Snyder, a tech veteran and former Senior Vice President at Cisco Systems, who was instrumental in scaling TANDBERG to over $1 billion in revenue.
  • Jerry Leamon, former Global Managing Partner at Deloitte with extensive experience in accounting and consulting, and a CPA since 1975.

Trusted advisor to our clients

At CBTS, we pride ourselves on being trusted advisors who become an integral part of our clients’ teams. We take the time to listen to their strategic objectives and provide vendor-neutral, best-of-breed solutions to meet their unique needs. Our flexibility and responsiveness ensure we can adapt to evolving requirements and deliver timely results. We are also deeply committed to data security and privacy compliance, safeguarding our clients’ information with the highest standards. These core principles will not change because of the acquisition. In fact, I expect our delivery operations and solution portfolios will only improve with investments from our new owners.

To our dedicated employees, your hard work and commitment have been the cornerstone of our success. This acquisition is a testament to your efforts, and we are excited about the opportunities that lie ahead. We will continue to uphold our culture of entrepreneurship, mutual respect, and a Customer First mentality.

I am excited about the future and the potential this partnership brings. Together with TowerBrook, CBTS will not only grow but also strive to make a positive impact on the industries we serve.

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