Emtec Acquires Lucidity Consulting Group

Radnor, PA. – Emtec, Inc., a leading consulting firm providing industry specific transformative digital solutions, announces the acquisition of Lucidity Consulting Group (Lucidity), effective April 2, 2015. Lucidity (www.luciditycg.com), based in Irving, Texas, is an information technology consulting firm that provides advisory, integration, and managed services across the Utilities, Manufacturing and Distribution sectors. The acquisition significantly complements and expands Emtec’s consulting services including additional expertise in the Utilities and Manufacturing industries.

In conjunction with this transaction, Emtec raised additional funding from its existing partner NewSpring Capital, and received new financing from MB Financial and Star Mountain Capital.

“Emtec is on an aggressive growth path and we continue to look for firms that complement and enhance our primary service offerings,” said Sunil Misra, President Emtec, “The Lucidity acquisition does both and also significantly expands Emtec’s presence in the US Utility sector. Together we service over 100 clients in the Utilities and Manufacturing sectors, providing a wide range of solutions such as customer care, finance operations, human capital management, and work and asset management.”

“We are excited about joining the Emtec family,” said Clint Brice, CEO, Lucidity. “Emtec and Lucidity share a common culture and a desire to continuously improve the level of service we offer our clients."

Bret Hatfield, EVP, Co-Founder, and Co-owner, Lucidity stated, “This transaction provides us the ability to offer additional value added services to our clients and assist them in their transformation to a Digital Enterprise.”

“We are extremely pleased to have Lucidity’s services and their talented associates now part of our Emtec team,” said Don Sweeney, Managing Director, Enterprise Application Services. “Their strengths in advisory, support and industry focused solutions for enterprise applications are a welcome addition to our portfolio, further expanding our expertise and enhancing our capability to provide significant business value and digital innovation to our clients over the long term.”

The combined entity under Emtec Consulting Services LLC will offer an expanded range of consulting and managed services across our key industry segments. Emtec’s global delivery model will also provide Lucidity’s clients with added flexibility via a mix of onsite, onshore and offshore resources.

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