Riveron Acquires Yantra: Strengthening CFO Technology Support
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Riveron Acquires Yantra, Adding Strength to Supporting Technology Needs of CFOs
Riveron, a business advisory firm backed by Kohlberg & Company, announced today its acquisition of Yantra, a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs. The acquisition makes Riveron one of the largest NetSuite Alliance Partners globally, offering clients holistic solutions to enhance value. Yantra also brings significant expertise in data science and analytics, Artificial Intelligence (AI), Robotic Process Automation (RPA), and platform integrations.
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Riveron Acquires Yantra, Adding Strength to Supporting Technology Needs of CFOs
Pune (Maharashtra) [India], July 26: Riveron, a business advisory firm backed by Kohlberg & Company, announced today its acquisition of Yantra, a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs. The acquisition makes Riveron one of the largest NetSuite Alliance Partners globally, offering clients holistic solutions to enhance value. Yantra also brings significant expertise in data science and analytics, Artificial Intelligence (AI), Robotic Process Automation (RPA), and platform integrations.
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Riveron acquires Yantra, adding strength to supporting technology needs of CFOs - Times of India
Riveron, a business advisory firm backed by Kohlberg & Company, recently announced its acquisition of Yantra, a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs. The acquisition makes Riveron one of the largest NetSuite Alliance Partners globally, offering clients holistic solutions to enhance value. Yantra also brings significant expertise in data science and analytics, Artificial Intelligence (AI), Robotic Process Automation (RPA), and platform integrations. Sam Shaw, CEO of Riveron, highlighted the strategic aspect behind the acquisition, saying, "Forward-looking organisations need technology solutions that will adapt and scale regardless of the business environment. With Yantra, we now have a global team to help Riveron serve the office of the CFO and private equity firms to elevate performance." Founded in 2009 by a US entrepreneur of Indian origin Vikram Bhandari, Yantra has around 300 employees across the United States, Canada, India, and the Philippines. Bhandari will join Riveron as its Chief Technology and Innovation Officer, serving clients in myriad arenas and bringing a fresh perspective on the practical impact of AI for CFOs. With the acquisition, Riveron significantly expands its team, increasing its global headcount to over 1,000 dedicated professionals. Speaking on the acquisition, Vikram Bhandari shared, "Over the years, Yantra has helped clients adopt digital transformation across diverse technology and business landscapes. Now, as part of Riveron, we are excited to play a pivotal role in our shared commitment to growth and delivering next-generation technology to our clients." "Yantra's legacy is deeply rooted in driving innovation. This acquisition will fortify Riveron's position as a technology and transformation leader, reinforcing the value we provide to our collective clients. Looking ahead, our combined strengths will enable us to deliver a distinct competitive advantage and continued success to our clients globally, " Shaw added. The terms of the transaction were not disclosed. Canaccord Genuity served as Riveron's financial advisor, Ropes & Gray served as legal advisor to Riveron, Telegraph Hill Advisors served as Yantra's financial advisor, and Sklar Kirsh LLP served as Yantra's legal advisor. Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
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Riveron, a business advisory firm, has acquired Yantra, an India-based technology company. This acquisition aims to enhance Riveron's capabilities in supporting the technology needs of Chief Financial Officers (CFOs).
Riveron's Strategic Acquisition
Riveron, a national business advisory firm, has announced its acquisition of Yantra, a technology company based in India. This strategic move is set to bolster Riveron's ability to support the evolving technology needs of Chief Financial Officers (CFOs) across various industries
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.Expanding Global Presence
The acquisition marks a significant step for Riveron in expanding its global footprint. With Yantra's established presence in India, Riveron now gains access to a talented pool of technology professionals and a new geographic market. This expansion is expected to enhance Riveron's service delivery capabilities on a global scale
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.Strengthening Technology Offerings
Yantra brings to the table a wealth of expertise in areas crucial to modern CFO operations. These include data engineering, analytics, and artificial intelligence (AI). By integrating Yantra's capabilities, Riveron aims to provide more comprehensive and advanced technology solutions to its clients, particularly in addressing the complex challenges faced by CFOs in today's digital landscape
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.Impact on CFO Services
The acquisition is expected to have a significant impact on Riveron's CFO-focused services. With Yantra's technology prowess, Riveron can now offer enhanced solutions in areas such as financial planning and analysis, performance management, and data-driven decision-making. This integration is poised to help CFOs navigate the increasingly complex technological landscape of modern finance
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Leadership Perspectives
Julie Howard, CEO of Riveron, expressed enthusiasm about the acquisition, stating that it aligns perfectly with Riveron's strategy to expand its technology capabilities. She emphasized the importance of this move in meeting the growing demand for advanced technology solutions in finance and accounting
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.Future Outlook
The acquisition of Yantra by Riveron is seen as a forward-thinking move in the business advisory sector. It reflects the growing importance of technology in financial operations and the need for advisory firms to offer integrated solutions that combine business expertise with advanced technological capabilities. As CFOs continue to play an increasingly strategic role in organizations, the demand for such comprehensive technology-driven solutions is expected to rise
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