London and Montreal – 17th May 2022 – WTA Partners Inc, the North American operating company of WTA Partners is especially pleased to announce the sale of its client sourcevolution Inc on 1st April to Alan Allman Associates, a Euronext Paris listed company. WTA Partners Inc was formed in July 2021 and this is its first completion.
Founded in 2003 and based in Montreal, Canada, sourcevolution is a fast-growing company in the field of digital transformation, in the financial sector (banks, insurance companies, large pension funds). The company currently has more than 350 professionals in Montreal, Quebec and Toronto. From the beginning of the year WTA Partners worked closely with Yves Perron, the company’s founder and president as exclusive M&A advisor.
Commenting on the experience Yves said “I retained the services of WTA Partners and Mr. Nick Nardi to support sourcevolution in the search for the best business partner that could allow our organization to move to a stage of accelerated and diversified growth.
Mr. Nardi was able to meet this challenge brilliantly combining precision, humanity and diligence. He also made sure that the transaction took place in a respectful and harmonious manner.
It allowed sourcevolution to find its ideal partner and above all to demonstrate the richness of the complementarity of the two organizations.”
Nick Nardi, President of WTA Partners added “Not only was it a pleasure working with Yves and his team but I am proud to have completed this first transaction with an international buyer. This reinforces WTA partners as the lead specialist in the mid-market IT sector and demonstrates our effectiveness working with clients internationally.
For more insight on this transaction, a case study can be read here