Stratford Managers client Thinkwrap Commerce merges with Tenzing and Spark::red

by: Stratford Managers

Tenzing announced its merger with Thinkwrap Commerce and Spark::red on February 13, 2018. The transaction creates a global commerce and information management services firm, with offices and employees in North America, Europe, Asia and Africa. The company’s head office will be in Toronto, Ontario.

The combined entity will be one of the largest premium Oracle Commerce ATG implementation and managed service providers in the world and a leading provider of SAP Hybris services. The new firm will offer unrivaled end-to-end commerce solutions and a broad array of products and services to accelerate enterprise retailers’ and merchants’ digital transformation.

Since 2004, Ottawa-based Thinkwrap has delivered strategy, design, software development, and integration services to enterprise ecommerce companies worldwide like Aldo and Simons.

“This transaction puts us in a position to innovate quickly and build a leading suite of ecommerce applications and services,” said Steve Byrne, CEO of Thinkwrap. “The decision to work with Tenzing and Spark::red gives us access to some of the best people in the ecommerce industry, and creates a compelling holistic offering for our clients.”

Eventi Capital Partners led the Series D equity financing in support of this transaction, continuing its long-standing support of the company. Tenzing also worked with Layer7 Capital to secure supporting debt financing from BMO Bank of Montreal.

Tenzing Chief Executive Officer Bill Di Nardo will remain as the CEO of the combined company. He will be supported by the senior management from all three companies, who are remaining with the combined entity as operators and shareholders. The terms of the transaction were not disclosed. The deals closed in February 2018.

Stratford Managers has worked with Thinkwrap Commerce on strategic planning and they were named the Kanata North #SeriousTechLivesHere Company of the Year at the 2017 Best Ottawa Business Awards, based on their ability to display outstanding business and thought leadership, demonstrating excellence in innovation, giving back to the community and demonstrating sound business fundamentals.

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