MARYLAND, UNITED STATES – 28 FEBRUARY 2023
Lescault and Walderman (LWI) — a firm that provides technology-driven outsourced accounting solutions for small to medium businesses (SMBs) — has acquired a majority stake in AWCape, a South African Platinum Sage Business Partner, as part of its vision to grow 10-fold over the next five years. The company is also acquiring a minority stake in Applico, a Sage Authorized Learning Partner in the AWCape Group.
Lescault and Walderman is acquiring the shares in the two businesses held by their founder, Henri Hattingh. The acquisition results in the merger of LWI and AWCape, who are both Sage Intacct partners in their respective regions. Sage Intacct is the cloud-native multidimensional financial management system of choice for SMBs.
Through these transactions, LWI will be able to rapidly scale up its Sage Intacct implementation, training and consulting business. AWCape has a deep pool of Sage Intacct Accounting Specialists and Implementation Specialists with experience working on complex implementations in South Africa and the U.S.
AWCape is one of South Africa’s foremost consulting, implementation, and cloud hosting partners for Sage Intacct, Sage 300cloud, Sage Business Cloud Payroll Professional and Sage 300 People. In addition to its strong ERP and finance base, AWCape specializes in HR and payroll solutions and has more than 700 clients across the Sage product range.
Matthew Lescault, Group Chairman and CEO at LWI, AWCape and Applico, says: “It’s our goal to be one of the leading implementation, training and support partners for Sage Intacct customers and accounting partners across the US. AWCape offers us a remarkable pool of talent that enables us to grow rapidly in the face of a global shortage of Sage Intacct implementation skills.
“Adding the AWCape team to our business enables us to dramatically scale up our Sage Intacct capabilities and offer a second-to-none portfolio of professional services on the AICPA’s preferred cloud finance platform. Having worked with the AWCape team on Sage Intacct implementations in the US for months before the acquisition, I know that we have a great cultural fit.”
Joseph Frank, Partner and Chief Operating Officer at LWI, will work closely with the AWCape management team to drive value for clients in the US and South Africa as well as unlock synergies between the two businesses.
Marc Monday, VP of Strategic Alliances and Interim VP of North America Partner Strategy and Sales for Sage, said: “Sage Intacct provides the productivity, visibility, and agility SMBs need to streamline accounting and finance operations and drive their business forward. Partners like LWI and AWCape help to bring the full power of these businesses to life. We congratulate the teams at both companies on this transaction and look forward to many more years of successful partnership with the combined organization.”
ABOUT LESCAULT & WALDERMAN
Lescault and Walderman is a business consulting firm that provides Accounting, Bookkeeping and CFO Services to small to medium businesses across the United States. We also have a growing presence in Africa through our subsidiary, AWCape, which we acquired in 2022. Our experienced accounting team of qualified professionals have decades of combined business consulting services experience in a wide variety of industries.
We partner with our clients to ensure the selection and implementation of the ideal software solution, the design, and deployment of effective accounting processes, the maintenance of accurate and reliable bookkeeping systems, and the creation and analysis of useful CFO-level reports. In addition to our in-house CFO, Controller, Bookkeeping, And Consulting Services, we also maintain established working relationships with third-party vendors to deliver a single, trustworthy, reliable solution.
Visit www.l-wconsulting.com for more.
AWCape (Pty) Ltd is a leading Sage Business Partner and a Sage Intacct Certified Implementation specialist partner in South Africa. Our business is majority-owned by Lescault and Walderman, a firm that provides accounting, bookkeeping and CFO services to small to medium businesses across the United States.
We provide professional implementation, systems integration and support services for Sage Intacct, Sage 300cloud, Sage 300 People HR & Payroll and Sage Business Cloud Payroll Professional software, with a primary focus on cloud-based solutions. We are renowned for our outstanding consulting resources and industry-leading cloud solutions.
Our depth of experience and dedication to quality products and services that support your business success is what sets us from our industry peers. Together with Lescault and Walderman, we form one of the largest Sage Intacct partners in the world, and are one of the few with a multinational business spanning multiple time zones.
Headquartered in Kenilworth, Cape Town, we provide finance, HR and payroll support to more than 700 Sage customers nationwide. We also offer Sage Authorised Learning services through Applico, an AWCape subsidiary with a B-BBEE level 2 rating and 125% Procurement Recognition.
Visit www.awcape.co.za for more.
Founded in 1986, Applico has a long heritage as one of South Africa’s leading Sage Business Partners. Today Applico (Pty) Ltd is a member of the AWCape group and a Sage Authorised Learning Partner – Delivery Centre with a B-BBEE level 2 Contributor rating and 125% Procurement Recognition.
AWCape is a leading Sage Business Partner for Sage Intacct, Sage 300cloud, Sage 300 People, and Sage Business Cloud Payroll Professional, primarily deployed through the cloud. AWCape is majority-owned by Lescault and Walderman, a firm that provides accounting, bookkeeping and CFO services to small to medium businesses across the United States.
Applico’s training facilities conform to international standards for classroom and virtual training and all trainers are professionally certified. Based in Cape Town, Applico is a popular destination for domestic & international delegates. Services include full accommodation in premier hotels that are close to the training venue, with a full range of shuttle services.
Visit www.applico.co.za for more.
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