PALO ALTO, CA (July 22, 2024) – Edgewater Strategy Group (“Edgewater”), a boutique advisory firm specializing in M&A, capital raises and Office of the CFO services, today announced that it supported Riveron, the Dallas-based business advisory firm and Kohlberg & Company portfolio company, on its acquisition of Yantra, a technology consulting firm specializing in NetSuite and Salesforce.
Founded in 2009 by Vikram Bhandari and headquartered in Santa Clara, California, Yantra delivers consulting and technology services centered on NetSuite, Oracle and Salesforce, alongside data science, analytics, AI, process automation, integration and managed services. Its team of roughly 300 professionals is spread across the U.S., Canada, India and the Philippines, including offices in Toronto, Pune and Ahmedabad.
The transaction positions Riveron among the largest NetSuite Alliance Partners globally and broadens the technology capabilities it brings to finance leaders and private equity sponsors, adding depth in data, AI, automation and systems integration. Bhandari joins Riveron as Chief Technology and Innovation Officer, and the combination lifts Riveron’s global headcount above 1,000 professionals.
Edgewater worked alongside Riveron’s corporate development team through diligence and documentation, reviewing and organizing the data room, preparing the net working capital analysis, and tracking the transaction agreement through successive drafts.
“The modern finance function runs on its systems, and the CFOs Riveron serves increasingly want one partner fluent in both the numbers and the platforms behind them. Vikram has spent fifteen years building the systems half of that equation at Yantra, with deep NetSuite and Salesforce expertise and a delivery team across four countries. Working alongside Riveron’s corporate development team, from the data room through working capital and the transaction agreement, we saw a combination whose strategic logic runs well beyond the scale it adds.”
Hawken LordManaging Partner, Edgewater Strategy Group
Alongside Edgewater’s work with the Riveron corporate development team, Canaccord Genuity acted as financial advisor and Ropes & Gray as legal counsel to Riveron. Yantra was advised by Telegraph Hill Advisors on financial matters and by Sklar Kirsh LLP on legal matters. Terms of the transaction were not disclosed.
Riveron’s full announcement is available here.
About Riveron
Founded in 2006, Riveron is a business advisory firm that partners with finance leaders, private equity sponsors and other stakeholders on complex business problems, with offerings across CFO advisory, transactions and distressed situations. Affiliates of Kohlberg & Company acquired Riveron from H.I.G. Capital in 2023, with H.I.G. retaining a minority investment. For more information, visit riveron.com.
About Yantra
Yantra, founded in 2009 and based in Santa Clara, California, is a business consulting and technology firm that partners with CFOs and CIOs to modernize their systems and support growth, with practices spanning ERP, CRM, data and analytics, AI and managed services. Yantra is now part of Riveron.
About Edgewater Strategy Group
Edgewater Strategy Group is a boutique advisory firm specializing in Mergers and Acquisitions, Capital Raises, and Office of the CFO services. Edgewater works as an extension of its clients’ deal and finance teams, from sourcing and diligence through close and post-close integration. For more information, visit edgewaterstrategygroup.com.
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