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Adjoined Consulting
- Industry: Information Technology
- Location: Miami, Florida
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Rodney Rogers
Founder and CEO, Adjoined Consulting
Background
In September 2000, Columbia Capital led the first institutional financing in Adjoined Consulting, along with co-investors Noro-Mosely Partners and C/max Capital. Columbia Capital had been seeking an opportunity to back a world-class management team to build an IT services platform focused on emerging growth areas of enterprise IT. Adjoined was a start up company formed in April 2000 with precisely this profile.
Columbia Capital's Role
Columbia Capital was the largest investor and shareholder of Adjoined. Our role as a leader on the company's Board of Directors was to advise management in the overall trajectory of their business from a start-up company to a large and mature multi-national organization. In particular, Columbia Capital played an important advisory role throughout several strategic acquisitions completed by Adjoined.
The End Result
From its formation in 2000, Adjoined was one of the industry's fastest growing and most profitable IT services organizations for 6 consecutive years following Columbia Capital's initial investment. Revenues increased by more than 50% annually during this time, surpassing $100 million in 2006. In March 2006, Kanbay International (KBAY, nasdaq), an India-based provider of IT outsourcing solutions, acquired Adjoined in a highly strategic deal to couple Adjoined's onshore domestic growth momentum with Kanbay's offshore delivery capabilities. At the time of the acquisition, the $165 million cash and stock transaction was one of the largest acquisitions to-date of a US-based IT services company by an Indian-based IT services company, and recognized Adjoined as the premier domestic growth organization in emerging IT services.
Subsequent to the Adjoined acquisition, in February 2007 Kanbay was acquired by the global IT solutions provider Capgemini for $1.25 billion. Rodney Rogers, the Founder and CEO of Adjoined, is currently an advisor to the CEO of Capgemini North American and serves on their North American Management Board.
Columbia Capital was a valuable partner for Adjoined and especially for me personally. Their broad experience with start up organizations was extremely helpful in the early days of establishing Adjoined. As the business matured, Columbia Capital was a patient and insightful contributor to the Board of Directors and played a valuable role among the senior leadership of our organization. They were the right partner for us every step of the way."
Rodney RogersFounder and CEO, Adjoined Consulting