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  • Deal Announcement
  • Engineering Services & IoT

TH Global Capital advises PhoenixDX, a leading Low Code Product Engineering Company, on its strategic sale to Alan Allman Associates

TH Global Capital (formerly known as Technology Holdings) an award-winning global investment banking firm specializing in sector-focused investment banking, asset management, and growth advisory services is pleased to announce that it has acted as the exclusive financial advisor to PhoenixDX on their strategic sale to Alan Allman Associates. PhoenixDX is a leading Australian low code product engineering company and leading OutSystems & AWS partner.

With approximately 80 highly skilled professionals, PhoenixDX is headquartered in Sydney, Australia, with offices in Melbourne, Brisbane, and the Philippines. PhoenixDX is one of Australia’s fastest-growing digital innovation companies, specializing in rapid application development. The company leverages cutting-edge technologies, modern methodologies, and highly skilled talent to deliver transformative digital solutions.

Pedro Carrilho, Managing Director and Founder of PhoenixDX, said, “We are proud to join the Alan Allman Associates ecosystem, which opens up exciting new opportunities for our team and customers. This partnership will consolidate our presence in Australia, accelerate our growth and expand our global reach, especially in the APAC region.”

Juan Martin, Director and Co-founder of PhoenixDX, added, “Our partnership with Alan Allman Associates, a group backed by a strong financial foundation, enables us to invest further in the creation of value-added modernization and innovation services to deliver a comprehensive offering to our customers.”

Vivek Subramanyam, Founder and CEO of TH Global Capital, noted “We are thrilled to announce this transaction in the ANZ region – our 12th product engineering transaction and 48th digital transformation transaction globally. The transaction showcases Technology Holdings’ strong capabilities, expertise in the Digital Transformation and Product Engineering landscape and our leadership position in the ANZ region. PhoenixDX is a fantastic business, and we wish the team much success in this strategic partnership with Alan Allman Associates.

Stefan Zervides, Director at TH Global Capital, added, “We are delighted to have supported and advised PhoenixDX on this transaction. It has been fantastic working with Pedro, Juan, and their team, and we are excited about what they can do as part of the Alan Allman Associates family. Their team and capabilities are exceptional, and we are thrilled to have delivered the perfect strategic partnership with Alan Allman Associates. This represents our 9th transaction in the ANZ region and further demonstrates the strong interest we’re seeing from large global technology acquirers and investors in the ANZ region.”

Find out more about the transaction here.

 

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