Acacia Group combines portfolio assets to create IT consultancy Kopius

21 March 2023 2 min. read

The Acacia Group, a Tysons, VA-headquartered investment firm specializing in digital transformation consultancies, has combined Seattle-based Valence and the Latin American division of MajorKey to created “dual shore” IT consultancy Kopius.

The move continues Acacia’s paring down of Chicago-based IT consultancy MajorKey (formerly Highmetric), which it acquired in 2019. Acacia in 2021 sold MajorKey’s ServiceNow division to Gryphon Investors and in January combined MajorKey’s Atlassian practice with portfolio firm Isos Technology.

MajorKey will now operate as a pure-play identity and access management services firm.

Newly formed Kopius, meanwhile, will have locations in Seattle and Buenos Aires and more than 600 professionals. The firm will deliver end-to-end capabilities in digital strategy and experience, technology solutions, engineering, and operational services. Offerings include lean transformation roadmaps, cloud strategy, cloud application development, AI/ML, data and analytics, quality assurance, and managed operational services.

Acacia Group combines portfolio assets to create IT consultancy Kopius

Acacia bought Valence in December 2021. The Seattle firm had 90 employees at the time.

"The launch of Kopius exemplifies our approach to building stronger businesses that achieve a greater impact for their clients and create new opportunities for their people," said Tim Matthews, partner at Acacia. "Client demand is growing for the kind of agile, scalable, and high-value digital services that Kopius offers. With such an outstanding team, we know that they will make a major impact in their market."

Jim Darrin, former CEO of Valence, will serve as CEO of Kopius – which will initially support nearly 100 US commercial and public sector clients.

“This is an exciting day for everyone at Kopius. It crowns the integration of two great companies to create a new digital powerhouse,” Darrin said. "Our true value to clients lies in our ability to achieve strategic clarity, build practical solutions for today, and continuously plan for what's next. That way, we help clients get more value from their technology investments and navigate the future with confidence."