GlideFast Consulting LLC

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GlideFast Consulting LLC - overview

Established

2015

Location

Woburn, MA, US

Primary Industry

Business Support Services

About

GlideFast Consulting LLC is a premier ServiceNow partner that specializes in enhancing digital workflows with a comprehensive suite of solutions tailored for various industries. Founded in 2015 in Woburn, US, GlideFast Consulting LLC specializes in providing solutions on the ServiceNow platform. The company has received significant attention with a total funding amount of USD 350. 00 mn from ASGN Incorporated through a TRADE SALE completed on June 1, 2022.


Michael Lombardo serves as the CEO and is one of the co-founders alongside Lloyd Godson. GlideFast Consulting is a premier ServiceNow partner that delivers a comprehensive suite of solutions designed to enhance digital workflows across various industries. Their primary offerings include advisory services, application development, change enablement, cloud hosting, design services, implementations, integrations, managed support services, remote services, and training solutions. These services help organizations transition from outdated manual processes to intelligent, cloud-based operations on the ServiceNow platform.


GlideFast serves a diverse client base, including over 650 organizations, many of which are Fortune 500 companies, across sectors such as healthcare, financial services, education, and government. The company operates in North America, Europe, and Asia-Pacific, providing tailored solutions that address unique business challenges and improve operational efficiencies. GlideFast Consulting generates revenue primarily through a B2B model, offering services to businesses that incorporate the ServiceNow platform into their operations. The company engages in contractual agreements with clients, providing customized solutions that enhance productivity and streamline workflows.


Revenue is accrued through project-based engagements, managed services, and subscription models for ongoing support and training. The pricing structure typically involves fees associated with specific services rendered, including implementation projects and ongoing managed support services. GlideFast’s consultative approach ensures that clients receive tailored solutions that align with their digital transformation goals, thereby fostering long-term partnerships that contribute to the company's financial stability. In June 2022, ASGN Incorporated agreed to acquire GlideFast Consulting LLC for USD 350 mn in cash, with the transaction expected to close in early July 2022.


This acquisition will support GlideFast's strategy to expand its services and enhance its market position. The company is focusing on developing new products and enhancing existing solutions to better serve its clients. Plans for geographic expansion aim to penetrate further into the Asia-Pacific region by the end of 2023, leveraging the recent funding to bolster its service offerings and establish a stronger foothold in these markets.


Primary Industry

Business Support Services

Sub Industries

Consulting Services

Website

www.glidefast.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

GlideFast Consulting LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedGlideFast Consulting LLC-
Add-onCompletedCloudPires LLC-
GrowthCompletedGlideFast Consulting LLC-

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