Accordion has a sterling reputation in the private equity space, says Choudary
New York-headquartered Accordion has signed a definitive agreement to acquire Hyderabad-based Merilytics to advance data & analytics capabilities for faster valuation creations.
“We looked at several companies in search of the right partner to advance our data & analytics capabilities, and Merilytics’ reputation, quality of work, and customer partnership orientation made clear they were the perfect fit,” said Nick Leopard, CEO and Founder, Accordion.
“Merilytics’ best-in-class solutions for financial analytics, operational analytics, and data management will be a tremendous addition to Accordion’s ability to deliver long-term client value,” he said on 8 May 2023.
“Merilytics has deep experience working, like Accordion, with private equity-backed companies, and has built a reputation as the partner of choice for data & analytics solutions,” added Leopard.
“That shared understanding of how to work with both portfolio companies and their sponsors is important for overall alignment.
“In addition, they are fully aligned with our culture, and will help further our mission to create a better way to work in finance, and in data & analytics as well. We couldn’t be more thrilled to welcome them to the Accordion family.”
“Accordion has a sterling reputation in the private equity space, with more than 250 relationships that can expand our market for analytics solutions and also strengthen our FP&A solutions,” said Paavan Choudary, Merilytics CEO and Founder.
“We’re excited to join forces with Accordion, not only for their market position and cultural fit between the two firms, but because our analytics expertise, technology, and capabilities will truly enhance the impact Accordion has on its clients.”
Merilytics will integrate into Accordion’s client teams seamlessly, accelerating the pace of engagements and delivering the high-quality work Accordion clients expect on shortened timelines.
Merilytics will expand Accordion’s data management, advanced analytics, and long-term support capabilities, providing an end-to-end solution ensuring clients will be able to continue to derive value in the long term.
Founded in 2011, Merilytics’ team of experts and world-class data analytics capabilities will allow Accordion to accelerate project delivery, provide end-to-end support for clients, and remain on the cutting edge of data & analytics technology.
Accordion is a private equity-focused financial and technology consulting firm with 10 offices including its headquarters in New York and locations in Atlanta, Boston, Charlotte, Chicago, Dallas, Detroit, Los Angeles, San Francisco, and South Florida. fiinews.com
