Periscope-Backed Praecipio Acquires Coyote Creek to Become One of the Largest Atlassian Solution PartnersAugust 23, 2022
Chicago, IL—(August 23, 2022). Periscope Equity announced today that its portfolio company Praecipio Consulting, a cloud-first business and technology consulting firm, has acquired Coyote Creek to create one of the largest North American Atlassian Platinum Solution Partners.
For 20 years, Coyote Creek has provided exceptional IT and engineering services across the Atlassian platform. The company is highly regarded for its customer-first philosophy and proactive approach to enterprise transformation, including DevOps consulting and IT service management. Coyote Creek will be a powerful addition to Praecipio’s service suite, building upon its reputation as a cloud-first, enterprise-level strategic advisor that helps organizations connect business and IT to become more responsive and adaptive.
Praecipio is a leading independent Atlassian partner, specializing in optimization, implementation, and cloud migration, and was named Atlassian Partner of the year for five out of the last six years. Praecipio partnered with Periscope in the summer of 2021 and expects to continue to invest in the Atlassian, Dev Ops, and Agile suite.
“We live in a world where change is constant and where technology is tightly woven into every element of business. To make the pivots necessary to achieve economic resilience, organizations need to find innovative, low-cost ways to connect their process, people, and technology,” said Praecipio Chief Executive Officer Michael Rapp. “Bringing our two organizations together accelerates our ability to meet customers where they are, leverage the Atlassian Platform to serve them end-to-end, and help them to reimagine their way of working.”
“We are so excited to be joining Praecipio to further our shared mission,” said Coyote Creek Founder and President Michael Faster. “As individual companies, we are both well respected for our talented teams and customer-first culture. Combined, we will radically expand our capabilities across the entire value chain and fuel massive growth and value to our clients and employees.”
“The mission-aligned partnership between Praecipio and Coyote Creek is a defining moment for the company, creating a world-class platform,” said Periscope Principal Eric Hinkle. “We look forward to supporting the combined company’s growth through this partnership and reinforcing our commitment to Praecipio’s focus to solve complex business problems, empower teams to perform at their best, and drive exceptional customer experiences.”
With support from Periscope, this acquisition is an integral next step in Praecipio’s long-term strategy to deepen its broad, scalable set of capabilities across agile, DevOps, and Enterprise Service Management practices and its ecosystem of tools. Periscope plans to identify future strategic opportunities for partnership to further scale the platform and drive value for clients and employees.
About Praecipio Consulting
Praecipio Consulting is a 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.