The Xceleration Partners team began working together at Qwiz Inc., headquartered in Roswell, GA. Their experience in the successful roll-up of 10 companies combined with a successful exit ultimately became the foundation for Xceleration Partners. Based upon their experience, the Managing Partners saw an opportunity to drive additional shareholder value in the transaction planning and execution process, allowing management teams to be more adequately prepared for post-close implementation and integration. The history of this roll-up is outlined below:
April 2001: Qwiz Inc acquired from Primedia through an MBO for $12M
September 2002: Qwiz Inc. sold Qwiz UK Ltd.
August 2005: Qwiz becomes the platform company and merges with ePredix and PDRI to form a new platform investment of Veronis Suhler Stevenson for $80M
January 2006: Qwiz and ePredix were rebranded as PreVisor
May 2006: Acquired Brainbench and MVC capital joins the private equity portfolio of investors
June 2007: Opened U.K. sales and support office
August 2007: Acquired Talent Technologies Ltd (expands Australia presence)
November 2007: Acquired CraftSystems
December 2007: Acquired PTI
December 2007: Acquired ASE Solution (expands U.K. presence)
January 2011: PreVisor (privately held by Veronis Suhler Stevenson and MVC Capital) and SHL (privately held by Hg Capital) merge to create the dominate global player in the employment assessment industry. The combined business, known as SHL, operated with offices in 24 countries and had a combined enterprise value of over $350M.
August 2012: SHL was acquired by Corporate Executive Board (ticker symbol: CEB) for $660M
March 2013: Xceleration Partners was formed