Bellevue-based consulting firm Valence has been acquired by MajorKey Technologies, an IT and consulting firm headquartered in Lombard, Illinois.
According to a MajorKey spokesperson, Valence's 90 employees will all be joining MajorKey as part of the deal, and they won't have to relocate. The firms aren't disclosing the terms of the deal.
"Together with our global delivery capability, we’re well positioned to help clients plan effectively for the future and achieve new value from their technology investments," Rami Cassis, CEO of MajorKey Technologies, said in a news release. "We are thrilled to welcome Valence to the MajorKey team.”
On Valence's website, the company now goes by "Valence, a MajorKey company."
Valence launched in 2017. In addition to consulting, the company offers design, user research, engineering and cloud development services, among others. Valence says it has delivered more than 300 projects to date.
It had $11.7 million in revenue last year and is one of Washington state's fastest-growing private companies, according to Business Journal research.
MajorKey, meanwhile, has something of a complicated timeline that involves multiple rebrands. The company was first known as the Column Group. The Acacia Group, an investment firm headquartered in Virginia, acquired the Column Group in 2019 but rebranded the company as Highmetric earlier this year. In May, the Acacia Group sold off a division of Highmetric, and the Highmetric brand along with it, and rebranded the company yet again, this time as MajorKey Technologies.
MajorKey provides consulting, cloud adoption and software development services, among others. According to MajorKey, the company now has over 650 employees with the acquisition.
“Like many fast-growing companies, our biggest challenge is how to scale and meet intense client demand. Joining MajorKey answers that challenge, bolstered by its outstanding sales team and client base, as well as its ability to field blended teams of exceptional on- and near-shore technical talent — all of which will benefit our clients,” Valence CEO Jim Darrin said in a news release.
