Posted by Bangalore: In a bid to strengthen its Salesforce practice, PwC India will acquire Venerate Solutions. In a statement, PwC India said on Tuesday that it has agreed to acquire a Bangalore-based Salesforce consulting firm Venerate Solutions Private Limited. However, PwC India has not disclosed the financial terms of this acquisition.
Post this buyout Venerate’s team of highly certified consultants and developers will integrate with PwC India’s Salesforce practice. This acquisition aligns with PwC’s commitment to investing in the area of digital transformation and also in strategic alliances.
Founded in 2016 in Bangalore, Venerate builds and deploys customised solutions on the Salesforce platform across multiple clouds including Financial Services Cloud, Salesforce Marketing Cloud, Vlocity Industry Cloud and various integration tools.
“Venerate will augment our Salesforce consulting practice with significant end-to-end capabilities in the areas of platform engineering, and cloud and managed services, thereby bolstering our ambitions as a community of problem solvers,” said Sanjeev Krishan, Chairman, PwC in India.
Venerate’s CEO Partho Bhattacharya and its founder and Director Biswanath Bhattacharya believed that Venerate’s strengths combined with PwC India’s extensive reach will provide tremendous opportunities, both for clients and talent alike.
“This acquisition marks the beginning of the inorganic growth aspirations of the Advisory business in India. To fast track this, more such opportunities are being actively evaluated in the Cyber, ESG, Cloud & Analytics domain. This is also aligned with the New Equation strategy that we launched last year,” said Arnab Basu, Leader- Advisory, PwC India.
“At PwC, we leverage technology to help solve complex business problems, continuously innovate and identify new opportunities for our clients and other stakeholders,” said Pawan Kumar S, Leader – Technology Consulting, PwC India.
“The addition of Venerate will enable us to achieve these goals faster while significantly deepening and broadening our capabilities in this space,” added Pawan.
The transaction is expected to close in the coming few weeks, subject to customary closing conditions.