Mooreland Consolidates Leading Position in Enterprise Software M&A
FOSTER CITY, CA / LONDON – June 20, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to ASCO Holdings Limited (“ASCO”), a leading provider of infrastructure management services to the global oil and gas industry, backed by DH Private Equity Partners and headquartered in Aberdeen, Scotland, on its divestiture of Oniqua Holdings Pty Ltd (“Oniqua”) to IBM.
Oniqua, a Brisbane, Australia headquartered company with operations in Denver, US, provides intelligent MRO (maintenance, repair and operations) software helping utilities, oil & gas, mining and manufacturing companies around the globe to manage their capital-intensive assets. Oniqua’s cloud-based platform reduces waste and costs, minimizes risks, enhances efficiencies and allows for smarter decisions across their clients’ MRO operations.
With the acquisition of Oniqua, IBM enhances its asset optimization business with new capabilities. “We see that Oniqua complements other IBM solutions such as Maximo and Tririga, providing one source of reliable data across the business to enable mining, oil and gas and other businesses to improve overall efficiency of their MRO,” said Anne Perlman, Managing Director at Mooreland.
“This time Mooreland advised a UK-based client divesting an Australian company with operations in the US to a global blue-chip. We delivered deep industry knowledge, unparalleled buyer access and above all flawless cross-border transaction execution,” said Peter Globokar, Managing Director at Mooreland.