New York, NY – January 15, 2021 – Sunfield Advisors, a premier mergers and acquisitions (M&A) advisory firm, announces that it served as the buy-side advisor in the successful acquisition of EnableIT, a leading IT staffing and workforce solutions provider, by Magic Software. This strategic acquisition enhances Magic Software’s staffing division, strengthening its North American presence and expanding its footprint into Canada.
Strengthening IT Staffing and Expanding Market Reach
Headquartered in New York, NY, with a staffing division in Canada, EnableIT has built a strong reputation for delivering high-quality IT staffing and workforce solutions to Fortune 1000 clients across industries. The company’s presence in Canada further solidifies its ability to supply top-tier technology talent in high-demand sectors, particularly financial services, banking, and enterprise IT.
The acquisition allows Magic Software to expand its staffing division into Canada, strengthening its ability to provide specialized workforce solutions across North America. Additionally, this deal grants Magic Software access to blue-chip financial clients, further solidifying its presence in banking, fintech, and enterprise IT services.
The transaction was led by Sunfield Advisors, ensuring a strategic deal structure and smooth execution to maximize value for all parties involved. Sunfield Advisors provided buy-side advisory services, assisting Magic Software in identifying and securing this acquisition to enhance its global workforce solutions capabilities.
“This acquisition aligns perfectly with the evolving needs of the IT staffing industry, particularly as companies expand their digital capabilities. EnableIT’s strong foothold in the U.S. and Canada provides Magic Software with a competitive advantage in workforce solutions, particularly in serving Fortune 1000 clients. We are pleased to have played a key role in securing a transaction that drives long-term success.” — Rajib Kabir, CEO of Sunfield Advisors
About Sunfield Advisors
Sunfield Advisors is a premier M&A advisory firm with a strong focus on IT staffing and workforce solutions. Our expertise lies in guiding IT staffing firms through successful mergers and acquisitions, providing strategic advisory services that enhance company valuations and facilitate growth. We understand the intricacies of the IT staffing industry and leverage our extensive network to connect clients with the right opportunities, ensuring successful transactions that align with their business objectives.
About EnableIT
Headquartered in New York, NY, with a staffing division in Canada, EnableIT is a premier IT staffing and workforce solutions provider, known for delivering high-quality technology talent to financial services, banking, and enterprise clients. With a strong focus on consulting and contingent workforce solutions, EnableIT has established itself as a trusted partner for organizations navigating digital transformation.
About Magic Software
Magic Software is a global IT solutions provider specializing in staffing, digital transformation, and enterprise technology services. With a presence across multiple regions, Magic Software enables businesses to accelerate their technology initiatives by providing scalable workforce solutions and expert IT consulting services.