Root Acquisition & Valuation

Accenture is a professional services company that provides management consulting, technology consulting, systems integration and outsourcing services to corporations and governments. It was formed in 1989 as the consulting arm of Arthur Andersen, operated as Andersen Consulting until 2000, and is incorporated in Ireland with its head office in Dublin. The company organises its work around strategy and consulting, technology and operations services, and industry-specific practices spanning banking, insurance, health, public service, communications, energy, retail and software. It earns fees from multi-year managed services and outsourcing contracts as well as project-based consulting and implementation work for large enterprise clients. Accenture is a serial acquirer of small and mid-sized specialist firms in cloud, data and artificial intelligence, cybersecurity, digital engineering, marketing and design, and it adds capability in new geographies the same way. It also invests in early-stage and growth technology companies through its corporate venture arm, Accenture Ventures, and holds majority and minority stakes in joint ventures such as Avanade. Its shares are listed on the New York Stock Exchange.

HCL Technologies Ltd provides enterprises with IT solutions. It focuses on offering Digital, Internet of Things, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering services to solve business problems for clients. It offers solutions to a variety of industries, including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments: IT and Business Services, Engineering and R&D Services, and HCL Software. The firm emphasizes consultation services for firms, intending to offer them digital and design solutions. The majority of the firm's revenue comes from the IT and Business Services segment. Geographically, it derives maximum revenue from the USA, and the rest from Europe, India, and the Rest of the world.

Experian is one of the leading credit bureaus in North America and the United Kingdom, providing the consumer information that is the basis for making lending decisions. The company also provides decision analytics, marketing data, and direct-to-consumer credit products and services. Roughly one quarter of the company's revenue is generated outside of North America and the United Kingdom, primarily in Latin America and Asia.

Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.

Verisk is a leading data, analytics, and technology provider for property-casualty insurers. Verisk traces its history to Insurance Services Office, a nonprofit advisory organization founded in 1971 by US P&C insurers. ISO was formed as an association of insurance companies to assist with a variety of insurance use cases, such as reporting to regulators, defining policies, and determining independent premium rates. As the firm expanded its use cases, it became a for-profit company, renamed Verisk, and went public in 2009.Verisk’s single segment (insurance) provides underwriting solutions, including forms, rules, loss costs, and catastrophe modeling. For claims, Verisk’s solutions include property repair estimates and antifraud tools. About 83% of Verisk’s revenue is US-based.

Capgemini is a French IT services company with a global presence. The firm has over 450 offices globally, with more than half of its employees based in India. Capgemini provides services related to IT consulting, software application and technology services, infrastructure management, engineering research and development, and business process outsourcing.

Along with Experian and TransUnion, Equifax is one of the leading credit bureaus in the United States. Equifax’s credit reports provide credit histories on millions of consumers, and the firm's services are critical to lenders’ credit decisions. In addition, about 40% of the firm’s revenue comes from Workforce Solutions, which provides income verification and employer human resources services. Equifax generates about 25% of its revenue from outside the United States.

NRI was formed in 1988 through the merger of the original Nomura Research Institute and Nomura Computer Systems. Its core financial IT solutions segment (roughly half of revenue) acts as a de facto utility for Japan’s capital markets, running shared back-office platforms for major brokerages and banks. The industrial IT solutions segment builds supply chain and enterprise resource planning systems for retailers and manufacturers. These are supported by IT platform services (data centers) and a consulting business that originates digital transformation projects. Nomura Holdings, the parent of Nomura Securities, remains NRI’s largest shareholder with a 20% stake.

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil, and health management, both domestically and internationally. The customers of the company includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in four reportable segments; National Security & Digital, Health & Civil, Commercial & International and Defense Systems. It provides a wide array of scientific, engineering and technical services and solutions across these reportable segments.

Bureau Veritas is a testing, inspection, and certification company. Its primary activities include testing products and materials, inspecting sites and equipment, and certifying products and systems to maintain global standards. Bureau Veritas is one of a handful of companies in the TIC sector that operate globally across numerous industries, including marine, industry, commodities, construction, and consumer products. Bureau Veritas was listed in 2007; it was previously privately owned by the Wendel Group, which retains a significant holding.

ELM Co is engaged in providing ready-made and customized digital solutions in many areas. Its ready-made solutions serve a broad segment of customers, who can subscribe to different packages of their choosing to meet their needs and suffice business requirements. The services offered by the company include Consulting, Data Analysis and Technical solutions. The segments are Digital Business, Business Process Outsourcing and Professional Services, out of which the majority are from the Digital Business segment.

Gartner Inc delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization's mission-critical priorities. It delivers its products and services globally through three reportable segments - Business and Technology Insights, Conferences and Consulting. Insights equips executives and their teams from every Majority function, geography, industry and sector with actionable, objective insights, guidance and tools. Conferences provides executives and teams across an organization the opportunity to learn, share and network. and Consulting serves senior executives technology-driven strategic initiatives leveraging the power of Gartner's actionable, objective insight. The Majority revenue is derived from the Insights segment.

BayCurrent Inc offers comprehensive consulting services in a wide variety of industries. It offers strategy Business Process Consulting, Information Technology (IT) Consulting, and System Integration. The strategy Business Process Consulting covers company or business strategy, M&A alliances, digital strategy, turn-around, globalization, innovation, and marketing or sales strategy. The IT Consulting includes IT strategy, governance, organizational improvement, cost optimization, architecture, asset evaluation, talent development, and Request for Proposal (RFP) creation. The System Integration handles system design, development, and infrastructure operation and maintenance.

Booz Allen Hamilton Holding Corp provides technology solutions in areas such as artificial intelligence, cybersecurity, and related fields. The company serves U.S. federal government agencies, commercial clients, and select international customers. It also provides technologies to evolve defense missions and delivers solutions to warfighters in the digital battlespace. The domains includes Consulting Services- Delivering strategic, operational, and management consulting to transform organizations; Advanced Tech- artificial intelligence, cloud integration, and data platforms. Cybersecurity that protects critical national infrastructure, military networks, and sensitive government systems and Engineering Solutions providing mission-critical technical design and hardware integration.

Ryan is a Dallas, Texas-based tax services and software firm that helps large companies reduce, recover and manage their taxes. Its practice areas include transaction tax, property tax, income and international tax, credits and incentives, value-added tax, employment tax, severance tax and unclaimed property, delivered as recovery, consulting, compliance outsourcing and advocacy work, alongside the affiliated law firm Ryan Legal Services and Ryan Software. Ryan serves about 18,000 clients in more than 60 countries from over 113 offices, including locations in Canada, the Netherlands, the United Kingdom, India, the Philippines and Australia, and says it recovered more than $4 billion in tax savings for clients in a single year. It earns fees for recovery and consulting work and licence revenue from software; revenue was about $715 million in 2021, with around 3,600 employees. The firm was founded in 1991 by G. Brint Ryan and Chris F. Collis as the CPA firm Collis & Ryan, became Ryan & Company after Collis was bought out in 1993, gave up its CPA licence in 1998 and took the name Ryan LLC in 2007. In October 2018 Onex acquired a 42% interest that valued the company at $1.1 billion, and Ryan has since bought specialist firms such as Economics Partners and VAT Systems.

CREED is a commercial real estate capital markets technology company that provides a digital platform connecting investors, sponsors, brokers and lenders. The platform holds data on lenders and loan requests, lets sponsors and brokers request financing and compare offers, and includes a marketplace through which limited partners can be matched with sponsors. CREED sells access to the platform to commercial real estate professionals on a subscription basis. The company is led by chief executive Alex Leybov, a long-time commercial real estate investment banker, and is headquartered in New York with a second office in Miami. It launched a mobile app for lenders in 2021, a desktop portal in 2023 and its limited partner marketplace in 2024. Its stated mission is to bring liquidity and efficiency to commercial real estate financing through data and digitisation.

Bethesda-headquartered Aledade is a healthcare technology company that enables independent primary care practices to form and operate Accountable Care Organizations. The platform delivers practice transformation tools, revenue cycle management, and analytics to improve patient outcomes and reduce costs. Aledade supports over 1,300 physicians across 15 states, achieving Medicare savings exceeding $1 billion since 2014. The company offers upfront capital and ongoing coaching to physician partners in rural and urban areas.

AlixPartners is a global management consulting firm focused on turnaround, restructuring, and performance improvement. New York-headquartered, it advises on bankruptcy proceedings, litigation support, and digital transformations for Fortune 500 companies across industries. The firm maintains 25 offices worldwide, including London, Munich, and Singapore, delivering crisis response and operational overhauls.