Indian IT giant Infosys has confirmed that it is acquiring Salt Lake City, Utah-based Simplus, a firm that is the fastest-growing Salesforce Platinum Partners in the US and Australia for around $250 million deal. The deal is expected to close in the fiscal 2020's fourth quarter.
Simplus was founded in 2014 by Blake Hannon, Isaac Westwood, John Lawton, and Ryan Westwood. The firm is an industry leader in Quote-to-Cash implementations, providing enterprise-wide digital transformation through advisory, implementation, change management, custom configuration, and managed services.
Since it's inception, the firm has raised close to $50 million in funding from the backers that include names like Kensington Capital Ventures, EPIC Ventures, University Growth Fund, Cross Creek, Salesforce Ventures, Godard Abel, Savano Capital Partners, and others.
Infosys President Ravi Kumar through a statement said that “Simplus will be a valuable addition to the Infosys family. Complementing our industry knowledge and existing Salesforce footprint with their strong presence in key markets, deep Salesforce consulting and advisory expertise will help accelerate the transformation journey of incumbent companies.”
Westwood, CEO at Simplus said that We have viewed this partnership from a culture-first lens from the beginning, and we believe that the alignment of our company values and the preservation of our company DNA will allow us to accelerate growth.”
Pravin Rao, chief operating officer, Infosys talking about the deal added that “The acquisition reaffirms our continuous endeavor to strengthen our strategy of scaling our Agile digital and cloud-first digital transformation capabilities. This acquisition is key to staying relevant to the digital priorities of our clients and demonstrates our commitment to the Salesforce ecosystem."
Image courtesy : CRN Australia