We are pleased to announce that Seisma (acquired by Liverpool Partners in October 2020) has completed the acquisition of coIB, a Melbourne based specialist IT consulting business. The deal was led by Seisma’s Robert Hogeland and James Scott and Liverpool’s Brad Lancken and Nathan Joeng. coIB founders Heath Caban and Mark Kavanagh, are continuing with the business as Directors of Strategy & Operations and Client Delivery, respectively.
Founded in 2015, coIB is a specialist IT consulting firm that works on complex, highly technical data migrations, digital operations, DevOps and workplace transformations. coIB consists of approximately 40 people, including a robust team of certified professionals with comprehensive experience in AWS and Azure Platforms. coIB works extensively with enterprise clients on large complex migrations in highly regulated industries.
Seisma chief executive Robert Hogeland said the acquisition was a strong fit for the IT services business.
“coIB compliments Seisma’s evolving business model as we seek to grow our cloud service offering. Many of our clients are on a cloud migration journey which has been further accelerated due to COVID-19. The acquisition of coIB significantly enhances our capabilities in this area and we’ll be better positioned to help our customers deliver business value,” he said.
“In addition to strengthening our cloud migration delivery capability, it also increases our presence in NSW and further diversifies our customer and revenue base. We believe this acquisition will support our clients to deliver on cloud initiatives and accelerate our growth through complementary services.”
My team and I are really excited to welcome coIB and look forward to joining forces as we continue to grow and evolve the business.”
“Joining Seisma is a remarkable opportunity for our team at coIB to accelerate our growth and continue the journey we started 5 years ago,” said Heath Caban, co-founder and managing director of coIB. “We are passionate about delivery, our clients and our people, with the addition of Seisma’s resources and scale, we can now scale-up that impact with transformation projects of any size and type.”