Xoriant Acquires Fexle: A Strategic Move in Salesforce Consulting

Xoriant makes third acquisition with Jaipur-based Fexle

US-headquartered consulting and IT services firm Xoriant, backed by Indian private equity firm ChrysCapital, has announced the acquisition of Jaipur-based Fexle, its third, to strengthen Xoriant's capability of delivering artificial intelligence (AI)-powered front-end digital engineering platforms. The financial details of the transaction remained undisclosed. "Established in 2013, Fexle has developed robust expertise in sales, marketing, and service cloud, with significant capabilities in data cloud, CPQ, Pardot, and Heroku, and is a key contributor to the Salesforce AppExchange. The company provides consulting, implementation, and managed services to prominent clients across the US and other global markets," Xoriant said in a statement. Xoriant aims to elevate its Salesforce practice, advance AI capabilities, and optimise data utilisation by integrating Fexle's architects, seasoned consultants, and developers, it added. Established in 2013, Fexle is also Salesforce product development outsourcer partner. "Integrating Fexle into Xoriant represents a significant step in our mission to lead the digital engineering space and enables clients to maximize their returns from the Salesforce platform with the use of AI and other advanced digital engineering technologies. This expansion not only enriches our talented engineering team with highly skilled and experienced professionals but also extends our presence into Jaipur, reflecting our commitment to growing our footprint in this key location. We are thrilled to welcome FEXLE and its leadership team into the Xoriant family," said Sukamal Banerjee, CEO of Xoriant. Equirus acted as the financial advisors, EY provided accounting and tax advisory services to Xoriant. Quillon Partners were legal counsels for Xoriant, and Legalogic for Fexle. Xoriant provides services and solutions focused on digital product engineering, cloud infrastructure and operation across sectors like banking and financial services, hi-tech, healthcare, pharma, industrial manufacturing, retail, telecommunications and automotives. "This marks an important milestone for us, as our team is now positioned to share our expertise on a global scale. Together, we can revolutionize designs that go beyond meeting, and instead, exceed the expectations of end-users worldwide," said Bhawani Sharma, founder and CEO of Fexle. In February, Xoriant had picked up 100% stake in Bengaluru-based specialised product engineering firm MapleLabs Inc to focus on hybrid cloud infrastructure and cloud native engineering. Last year in January, Chryscapital had picked up majority stake in Xoriant for $250 million. Following this, Xoriant acquired stake in Bengaluru-based consulting firm Thoucentric in August 2023.

Xoriant acquires FEXLE - A Salesforce Summit (Platinum) Consulting Partner

FEXLE's Salesforce offerings strengthen Xoriant's capability of delivering AI Powered front-end digital engineering platforms Xoriant, a leading digital engineering company under the ChrysCapital portfolio, today announced the acquisition of FEXLE, a Salesforce Summit (Platinum) Consulting Partner headquartered in Jaipur, India. Established in 2013, FEXLE has developed robust expertise in Sales, Marketing, and Service Cloud, with significant capabilities in Data Cloud, CPQ, Pardot, and Heroku, and is a key contributor to the Salesforce AppExchange. The company provides consulting, implementation, and managed services to prominent clients across the US and other global markets. FEXLE is also Salesforce PDO (Product Development outsourcer) Partner. Xoriant aims to elevate its Salesforce practice, advance AI capabilities, and optimize data utilization by integrating FEXLE's architects, seasoned consultants, and developers. FEXLE is a top-tier Salesforce Summit (Platinum) Consulting and implementation partner. Only a select few Salesforce consulting partners achieve this distinction as a result of deep domain expertise, consistent success in delivering Salesforce solutions, high customer satisfaction, substantial number of certified professionals and specialization in multiple Salesforce products and industries. The synergy between Xoriant's product engineering DNA and FEXLE specialized skills will offer a new level of innovation and efficiency to clients, particularly in the development of cutting edge, high performance digital engineering solutions. As AI transformation becomes more prevalent, Xoriant's customers require experience-led high-performance platforms for growth with strong data & AI capabilities. Sukamal Banerjee, CEO of Xoriant, said, "Integrating FEXLE into Xoriant represents a significant step in our mission to lead the digital engineering space and enables clients to maximize their returns from the Salesforce platform with the use of AI and other advanced digital engineering technologies. This expansion not only enriches our talented engineering team with highly skilled and experienced professionals but also extends our presence into Jaipur, reflecting our commitment to growing our footprint in this key location. We are thrilled to welcome FEXLE and its leadership team into the Xoriant family" Bhawani Sharma, Founder and CEO of FEXLE, said, "We envision an inspiring future as we join forces with Xoriant. This marks an important milestone for us, as our team is now positioned to share our expertise on a global scale. Together, we can revolutionize designs that go beyond meeting, and instead, exceed the expectations of end-users worldwide. FEXLE remains committed to being a trusted consulting partner, guiding clients on their Salesforce journey through innovation, on-time delivery, collaboration, transparency, and the delivery of top-tier services." Equirus acted as the financial advisors, EY provided accounting and tax advisory services to Xoriant. Quillon Partners were legal counsels for Xoriant, and Legalogic for FEXLE. About Xoriant Xoriant is a Sunnyvale, CA headquartered digital engineering firm with offices in the USA, Europe, and Asia. From Tech Startups to Fortune 100 Enterprises, we enable innovation, accelerate time to market, and ensure client competitiveness across industries. Across all our focus areas - platform engineering, cloud, data & and AI, and Security - every solution we develop benefits from our product engineering DNA and culture of innovation. It also includes successful methodologies, framework components, and accelerators for rapidly solving critical client challenges. For 30 years and counting, we have taken great pride in the long-lasting, deep relationships we have with our clients. For further information about Xoriant, please visit www.xoriant.com About FEXLE FEXLE is a Jaipur, India headquartered Salesforce Consulting company with offices in US and Australia. As a Salesforce Summit (Platinum) Consulting Partner, FEXLE expertise in Salesforce Implementation, Managed Services, and Support. FEXLE is known for the quality implementation and support around all the products in Salesforce Ecosystem including Sales Cloud, Service Cloud, Experience Cloud, Marketing Cloud, Data Cloud, CPQ, Pardot, Mulesoft, Tableau etc. FEXLE's dedicated teams span across India, USA, and Australia, catering to a diverse clientele across various industries and FEXLE is proud to have the 5/5 CSAT score. For further information about FEXLE, please visit www.fexle.com.