Services Provider EVOTEK Expands Process Automation Expertise, Services With Mystic River Acquisition

Twenty-five Mystic River employees, including a number of process automation professionals who previously worked within KPMG’s Process Automation Center of Excellence, will be joining EVOTEK.

Strategic service provider EVOTEK has acquired Mystic River Consulting in a move that will extend EVOTEK’s expertise and service offerings in intelligent automation, including robotic process automation, business process automation, AI and machine learning.

Mystic River will continue to operate independently as Mystic River Solutions, EVOTEK founder and CEO Cesar Enciso (pictured) told CRN in an interview. In addition to bringing process automation expertise to EVOTEK, the acquisition will extend the San Diego-based solution provider’s reach into the Northeast with a collective 130 employees and combined revenue of more than $350 million.

“Our goal as an organization is to establish ourselves on not being a VAR, but really being a consulting organization and really leading with advisory services,” Enciso said. “For us [the Mystic River acquisition] was a good fit and we believe that it gives us additional advisory services that we can take into Fortune 500 companies.”

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Los Angeles-based Mystic River was founded last year by former Technologent executive Brian Raposo. A majority of its employees are process automation professionals who previously worked within the Digital Labor Center of Excellence at professional services firm KPMG. EVOTEK said 25 Mystic River employees will be joining the company as part of the acquisition.

Mystic River’s focus is on providing consulting services and solutions in intelligent automation and robotic process automation (RPA), including business process automation, intelligent document processing and continuous intelligence – all helping to bridge back office and front office functions.

EVOTEK, founded in 2014 and No. 132 on the CRN Solution Provider 500, provides services and solutions in both data center and cloud environments including cybersecurity, mobility, platform engineering and AIOps – all with a focus on assisting businesses with their digital business transformations. The company has been a CRN Triple Crown winner each year for the last three years and was No. 24 on this year’s CRN Fast Growth 150 list.

While EVOTEK does have an AI practice, Enciso said the acquisition of Mystic River will allow his company to offer expanded consulting services and expertise in RPA in such industries as healthcare and financial services. (Despite including “robotics,” RPA generally refers to process automation and isn’t specifically tied to manufacturing.)

“I think anyone that’s doing repeatable processes could most definitely benefit from us looking at RPA as a potential benefit,” Enciso said. His company operates the EVOTEK Labs, which keeps in touch with venture capital firms to see where they are investing, and RPA appears poised for significant growth, the CEO added.

“EVOTEK‘s track record of being a market disrupter will make for an exciting integration of our complimentary practices,” Raposo said in a statement announcing the acquisition. “Joining forces with EVOTEK will create a different class of supplier with a unique blend of advisory services, specialized consulting and technology providers.”

While EVOTEK might take some steps to integrate aspects of Mystic River’s operations with its own, such as with financial and purchasing systems, Enciso emphasized that Mystic River will largely continue to operate independently for the foreseeable future. The Mystic River Solutions subsidiary will be led by Managing Director Heather Maitre.

“They may have business processes that are better than ours,” he said.

And while Enciso wouldn’t rule out additional acquisitions, he said there are none on the immediate horizon.