NashTech, the global technology solutions business of Nash Squared (formerly the Harvey Nash Group), has acquired Knoldus, a cloud and data solutions provider, as part of its strategic expansion in North America.

Knoldus, headquartered in Canada, is a technology advisory and solutions company with over 300 employees based in Canada, the US, Singapore and two development centres in India. The group provides digital solutions around data, cloud and machine learning, as well as real-time data systems.

NashTech said the acquisition significantly strengthens its footprint in the North American market and adds important expertise in the fast-growing areas of cloud and data. It extends NashTech’s global development centre capability, which includes hubs in Vietnam, Latin America and now India.

Bev White, CEO of Nash Squared, said, “This acquisition represents a very significant step forward in NashTech’s footprint in the important North America market. It forms part of the wider Nash Squared strategy of being a global leader in technology solutions and recruitment, supporting our clients with their digital transformation journey with choice and agility and building on the significant existing strength in Europe. I am delighted to welcome Knoldus into the Nash Squared family.”

Nick Lonsdale, CEO of NashTech, said, “NashTech is all about creating success and value for our clients and Knoldus’ deep expertise and strong track record in cloud and data solutions takes our offer to a new level.”

Vikas Hazrati, CEO of Knoldus, added, “We are excited about joining NashTech. As we continue to build on our achievements over the last ten years, Knoldus coming into the NashTech organisation will enable us to offer clients further capability and capacity to support them on their digital transformation journey to success.”

Blackwood Capital Group led by managing partner Ronny Grosman acted as M&A advisor to Nash Squared. Grosman said, "We believe that Knoldus will be a significant building block for Nash Squared’s strategy in the US, and we are very proud and pleased to have advised them on this significant transaction in the technology solutions space."

Further financial details were not disclosed.