Togetherwork acquires Fonteva Transaction Overview On February 10, 2021, leader of group management software and payments solutions Togetherworks announced its acquisition of Fonteva, a Salesforce.com native and leading provider of cloud-based membership and events management software. GI Partners is the financial sponsor of Togetherworks. Togetherwork’s acquisition of Fonteva brings deep Salesforce expertise to enhance product…
IBM Acquires 7Summits Transaction Overview On January 11th, 2021, NYSE:IBM announced its acquisition of 7Summits, an independent Salesforce Platinum Consulting Partner specialized in delivering transformative digital experiences. Notably, 7Summits is part of IBM’s broader investment strategy focused on Salesforce ecosystem-focused services providers. Growth Through Acquisition– the Salesforce Ecosystem Remains Robust IBM launched its Salesforce consulting…
Enquero Acquired by Genpact (NYSE: G) Transaction Overview On January 5, 2021 Genpact (NYSE: G) announced its acquisition of TBP client, Enquero, Inc. Enquero is a global technology solutions company that has a unique approach to leverage its IP and deliver data driven digital transformation. Genpact (NYSE: G) is a global professional services firm focused…
ProcessWeaver Acquired by Elemica Transaction Overview On December 16, 2020 Elemica announced its acquisition of TBP client, ProcessWeaver. ProcessWeaver is the leading first-to-final mile multi-carrier parcel Transportation Management System (TMS) solution provider. The company offers a digital platform that extends native ERP cloud transportation and logistics functionality. Elemica is the world’s leading digital supply chain…
Accenture Acquires N3 Transaction Overview On September 22, 2020, Accenture (NYSE: ACN) announced its acquisition of N3, an Atlanta-based IT firm that provides technology-based inside sales services (customer success, digital demand generation, pipeline management) and consulting services (marketing automation, global sales platform integrations, cloud migration deployment) The acquisition adds approximately 2,200 employees to Accenture, while…
Observe.ai Receives $54m in Series B Financing Transaction Details On September 15, 2020, Observe.ai, a startup developing AI-powered call center software, announced its $54m Series B financing Menlo Ventures led the Series B round, with participation from Next47 Ventures and NGP Capital. This week’s announcement raises Observe.ai’s total funding to $88m, following a $26m funding…
Salesforce.com (SFDC) Q2 FY21 Earnings Call: Key Takeaways Financials Enterprise Value: $191.2 billion Annualized Recurring Revenue (ARR): $19.4 billion Enterprise Value / LTM Revenue: 9.5x YoY Growth Rate: 31.6% Enterprise Value / ARR: 9.9x Gross Margin: 74.5% Despite the COVID -19 pandemic, Salesforce just posted its best-ever quarter Milestones include its first-ever $5B quarter (29%…
Endava Acquires ComTrade Digital Services Transaction Overview On August 17, 2020, Endava, a provider of agile transformation services, announced its acquisition of ComTrade Digital Services (CDS), formerly a division of UK-based ComTrade Group. Headquartered in Dublin, Ireland, CDS is a provider of software engineering services and solutions including cloud, customer experience & design, digital security,…
Cognizant Acquires New Signature Transaction Overview and Rationale On July 28, 2020, Cognizant announced an agreement to acquire Microsoft cloud partner New Signature New Signature provides cloud computing and IT services and support. As a Microsoft cloud partner, they offer Microsoft infrastructure technologies, learning, technology management and web design/development The acquisition expands the company’s hyperscale…
NoteVault, Inc Acquired by Bentley Systems Transaction Overview On June 3, 2020 Bentley Systems announced its acquisition of NoteVault, Inc, an award winning mobile SaaS provider of voice-based field automation for construction management. True Blue Partners was the exclusive financial advisor to NoteVault in this transaction. Bentley Systems is a leading global provider of software…
3CLogic Receives $9m in Series B Financing Transaction Overview On March 26, 2020, 3CLogic, a leading omnichannel communication solutions provider for ServiceNow and other major CRMs, announced its $9m Series B financing. True Blue Partners led this growth equity syndicate as part of its merchant banking offering with Capitan Investment Partners. Other participants include Blu…
Salesforce.com Acquires Vlocity Yet another Force.com unicorn success story Transaction Overview On February 25, 2019, Salesforce.com announced its acquisition of Vlocity, a Force.com native industry-specific cloud and mobile software provider headquartered in San Francisco, California, in an all-cash deal. A year prior, Vlocity received $60m from its Series C at a valuation of $940m. Salesforce…
Infosys Acquires Simplus in a $200m Deal Transaction Overview On February 10, 2020, global leader in consulting and digital services Infosys Limited (NSEI:INFY) announced its acquisition of Simplus, a platinum Salesforce services provider. This acquisition, coupled with Infosys’s acquisition of Fluido in Sep 2018, brings together deep Salesforce expertise to deliver end-to-end enterprise cloud solutions…
Navint Partners Acquires Statera Transaction Overview On October 30, 2019, lead-to-revenue focused consulting firm Navint Partners announced its acquisition of Statêra, a CPQ & Billing provider and Silver Salesforce Consulting Partner via financial sponsor Boathouse Capital in an LBO. Notably on May 2015, Navint received development capital from Boathouse Capital. The initiative introduced Sean Joyce…
Genpact Acquires Rightpoint Consulting Transaction Overview On October 15, 2019, global digital transformation services firm Genpact (NYSE:G) announced its acquisition of Rightpoint Consulting, a premier digital experience consulting firm based in Chicago. Rightpoint marks Genpact’s second acquisition of a digital experience consultancy firm, their first being TandemSeven, which was acquired for $34.8m in September of…
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