The demands on enterprise organizations to keep pace in a rapidly changing digital economy have never been greater. Every company in every industry has had to evolve, and keeping up with advancements in application development, hybrid cloud, automation, artificial intelligence, and cybersecurity is a major challenge. Company leaders trying to modernize their business struggle with understanding which technologies, partners, and processes are right for them.
CBTS stays at the forefront of these modernization efforts, advising our clients on how to leverage transformative technologies to improve their business and give them a competitive advantage. For over a quarter century, we have delivered technology solutions to thousands of global enterprise clients in all industries, and today we are entering into the next phase of our evolution.
I am incredibly excited and proud to announce that CBTS has entered into an agreement to be fully acquired by TowerBrook Capital Partners, a purpose-driven, transatlantic management firm that has raised in excess of $23 billion to date and which holds assets in technology, media, healthcare, financial services, industrial organizations, and consumer goods and services.
The partnership with TowerBrook will be a catalyst for both organic and inorganic growth for CBTS and its subsidiary OnX Canada. We’ll be looking at opportunities to expand our already diverse product portfolio, make improvements to operations and service delivery, and acquire companies that broaden our capabilities and/or allow us to enter new markets.
Today’s announcement is great news for our employees, clients, and partners.
To our 2,400 employees around the world, your commitment and dedication to delivering exceptional service to our customers is how we have grown into a respected leader in the markets we serve. Keep up the great work and get excited about the opportunities in our future.
To our valued clients and partners, you should expect the same high-level of support and partnership that you have come to know from CBTS. As we grow, we will deliver new solutions and capabilities that add increased value to your business and improve your position in the markets you serve.
TowerBrook understands our industry and is very much aligned with our core values and the culture here at CBTS. Since our founding over 25 years ago, we have always maintained a culture of entrepreneurship, hard work, mutual respect, and going above and beyond to deliver exceptional service to our customers. This will not change as TowerBrook is committed to partnering with management teams and employees to not only deliver growth, but also build excellent companies that make a positive impact on society.
I could not be more excited about the future of our company, and I’m so proud to work alongside the brightest professionals in our industry. With TowerBrook’s guidance and support, I’m looking forward to continuing to grow with our clients, delivering transformative technologies that give them a competitive edge in the markets where they do business.
Thank you,
Jeff Lackey
President & CEO
CBTS