Michael Rapp Joins Periscope-Backed Praecipio Consulting as CEOMarch 03, 2022
Chicago, IL—(March 3, 2022). Periscope Equity is pleased to announce that its portfolio company Praecipio Consulting, a leading IT services and business process management consulting firm, has placed Michael Rapp as its Chief Executive Officer.
Rapp is a seasoned technology leader with more than 25 years of experience building and leading a diverse portfolio of technology companies. With a passion for developing diverse corporate cultures, Rapp has led organizations— from start-ups to multi-billion-dollar companies—through accelerated growth and transformation. Most recently, Rapp was the CEO of Champion One, a leading designer, marketer, and supplier of optical networking components, where he led an accelerated growth plan culminating in the successful sale to Legrand. He has also held key senior leadership positions at En Pointe IT Solutions, PCM, Software Spectrum, and Admor Memory.
“Michael is an incredibly effective executive with deep expertise in leading tech companies through periods of hyper-growth,” said Periscope Equity Principal Eric Hinkle. “We are excited about his experience in driving team performance through effective leadership methods. Praecipio is a people-driven organization, and Michael’s leadership philosophy truly puts his people first and empowers his teams to work at their best.”
Praecipio Consulting, founded in 2006, is a prominent consulting firm that works to deliver technology-based solutions to clients around the U.S. Praecipio is a leader in the agile consulting space and specializes in Atlassian optimization, implementation, and cloud migration. Atlassian named Praecipio their Partner of the Year for five out of the last six years and is a leading independent Atlassian partner in the US. For nearly two decades, Atlassian tools have enabled millions of organizations to streamline business and IT processes, collaborate effectively, and achieve enterprise-scale agility. Due to its extensive history with successful, large-scale Atlassian deployments, today’s business challenges have created a significant opportunity for Praecipio Consulting to streamline siloed, multi-environment implementations of Atlassian products and other digital technologies through best-in-class business practices, consulting, integration, and training services.
“I am honored to be joining Praecipio Consulting that has—in terms of scale and leadership—differentiated itself as a true enterprise-level strategic advisor with strong customer-focused business practices and superior technical capabilities,” said Rapp. “Working with Periscope is an added benefit as it was clear from the start that they were a firm that leads with integrity. I look forward to working with the entire team at Praecipio and am proud to serve them during this exciting period of growth and innovation.”
Praecipio Consulting partnered with Periscope Equity in late 2021 through a recapitalization in partnership with management. Since partnering with Periscope Equity, Praecipio has played a more significant role in helping organizations worldwide find solutions to business problems, empowering team members, and creating a top-notch customer experience. Periscope has committed significant incremental capital to fund future acquisitions and new growth opportunities.
About Praecipio Consulting
Praecipio Consulting is a leading business process and technology consulting firm, which helps organizations successfully achieve their digital transformation goals. Specializing in process frameworks, including Agile, IT Service Management (ITSM), DevOps, and Enterprise Service Management, Praecipio Consulting serves as a strategic partner to industry leaders and organizations of all sizes, optimizing business processes with Atlassian’s robust product suite and other category-leading technologies. As an Atlassian Platinum Enterprise Solution Partner, Praecipio Consulting offers integrated business and technology solutions that help clients deliver a delightful customer experience, increase costs savings, and improve business performance. Since establishing an official partnership with Atlassian in 2008, Atlassian has recognized Praecipio Consulting as their Partner of the Year for five of the last six years, including ITSM Partner of the Year in 2018 and Enterprise Services Partner of the Year in 2020.