French IT consulting firm Valiantys has expanded its presence in North America by acquiring the Atlassian services division of Addteq, a New Jersey-based tech company.

Valiantys is an IT consultancy focused on a niche but lucrative market: helping companies use software made by Atlassian. Atlassian is a publicly traded Australian firm with a popular suite of applications used by more than 200,000 companies.

Atlassian’s applications are used for many different tasks. The firm sells a team collaboration service, tools that make software developers’ work easier and an application for fixing IT issues encouraged by a company’s employees. 

Valiantys provides consulting services focused on assisting companies with the deployment of Atlassian software. Valiantys can also manage the ongoing maintenance of that software, as well as train workers in how to use it. 

Addteq is a New Jersey-based firm that likewise focuses on the Atlassian ecosystem. It has customers in major verticals like the financial services, telecommunications manufacturing and healthcare markets.

Addteq operates two business units. One unit develops software products, while the other provides consulting services that make it simpler for companies to use Atlassian applications.

Valiantys is acquiring Addteq’s consulting services unit to grow its presence in the North American market. The deal is being carried out with support from Keensight Capital, a Paris-based investment firm that acquired a majority stake in Valiantys earlier this year.

The acquisition of Addteq follows a familiar playbook. Investment firms like Keensight Capital often acquire a company and then grow its business by helping it buy competitors or firms in adjacent markets.

Absorbing Addteq’s services unit will enable Valiantys to make its Atlassian consulting offerings more competitive. “This strategic acquisition will deepen Valiantys’ services capabilities, strengthen its coverage of the financial services and healthcare sectors, and reinforce its coverage of the US East,” Valiantys CEO Lucas Dussurget elaborated in a prepared statement.

Keensight Capital, the investment firm that owns most of Valiantys, hinted that additional acquisitions could follow. 

“We strongly believe in Valiantys’ capacity to grow its pool of talent and global footprint,” noted Keensight Capital managing partner Philippe Crochet. “We will continue to support Valiantys’ leadership team in accelerating this trajectory through further international expansion.”

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