Acquisition Allows Datamatics to Expand its Salesforce Domain
Expertise
LOS
ANGELES, April 16, 2024 /PRNewswire/ -- Palm Tree
LLC ("Palm Tree"), the modern M&A advisor that provides
integrated investment banking and consulting services for private
equity firms and businesses worldwide, is pleased to announce its
Investment Banking division has successfully advised Datamatics, a
leading global Digital Technologies, Operations, and Experiences
company, on its acquisition of Dextara Digital, a premier
provider of Salesforce services. The acquisition will allow
Datamatics to expand its capabilities in the Salesforce ecosystem,
enabling it to tap into the growing Salesforce market while further
strengthening its position as a leading Digital Technologies
provider.
Palm Tree Advises Datamatics in its
Acquisition of Dextara Digital
Dextara Digital is a Salesforce Summit (Platinum) Consulting and
ISV partner and has more than 250 Salesforce certifications. With a
stellar 5-star rating in the Salesforce partner ecosystem, Dextara
Digital has garnered a reputation for delivering innovative
solutions that are tailored to the unique needs of customers across
various industries. The company has worked on over 600 Salesforce
projects for more than 150 global customers. Additionally, Dextara
Digital has developed purpose-built products such as Dextara CPQ,
DXHealth+, and DXTemplates, all available on Salesforce
AppExchange.
"We're thrilled with the successful acquisition of Dextara
Digital by Datamatics. Our team's in-depth understanding of the
sector and our extensive industry relationships played a pivotal
role in facilitating this strategic move," said Stephen
Rossi, Senior Managing Director and Head of Investment
Banking at Palm Tree. "This transaction underscores our
commitment to delivering exceptional value to our clients and
driving strategic growth opportunities in the tech sector as a
trusted advisor in the market."
"Dextara acquisition aligns perfectly with our growth strategy
of focusing on hyper-scalers and further strengthens our
capabilities in the Salesforce ecosystem," said Rahul Kanodia, Vice Chairman and CEO of
Datamatics. "The team at Palm Tree showcased detailed knowledge
of the hyper-scaler ecosystem, and instantly aligned with our
brief. They were quick off the mark and got the right set of target
companies in front of us. The team was actively involved throughout
the acquisition process and acted as our partners, not just
advisors. I would definitely engage Palm Tree in the future."
About Datamatics:
Datamatics enables enterprises
to go Deep in Digital to boost their productivity, customer
experience, and competitive advantage. Datamatics' portfolio spans
across three pillars including Digital Technologies, Digital
Operations, and Digital Experiences. It has established products in
Intelligent Document Processing, Robotic Process Automation, AI/ML
models, Smart Workflows, Business Intelligence, and Automatic Fare
Collection. Datamatics caters to a diverse global clientele across
Banking, Financial Services, Insurance, Healthcare, Manufacturing,
International Organizations, and Media & Publishing. The
Company has a presence across four continents with significant
delivery centers in the USA,
India, and the Philippines. To learn more about
Datamatics, visit www.datamatics.com.
About Palm Tree:
Palm Tree is the modern M&A
advisor. It provides integrated investment banking and financial
consulting services that power strategic events and drive business.
The analytical intelligence it delivers enables businesses to
better prepare for and execute on transactions, transitions, and
transformations. Founded in 2010, Palm Tree was born out of private
equity, and its team comes from private equity, Big-4 accounting,
investment banking, and business operations experience. Its
processes and deliverables enable clients to make critical business
decisions efficiently and to realize advantageous outcomes in
strategic events.
Securities products and services are offered through Palm Tree
Securities LLC, member of FINRA, SIPC.
More information is available in our corporate video, on
PalmTreeLLC.com, and on LinkedIn.
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SOURCE Palm Tree LLC