Riveron Acquires Yantra, Expands CFO Tech Solutions
Riveron has acquired Yantra, bolstering its technology capabilities for CFOs. This acquisition positions Riveron as one of the largest NetSuite Alliance Partners globally, enhancing its comprehensive service offerings
Riveron, a business advisory firm backed by Kohlberg & Company, has 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 Chief Financial Officer (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.
Founded in 2009 by US entrepreneur of Indian origin Vikram Bhandari, Yantra has around 300 employees across the United States, Canada, India and Philippines. Bhandari will join Riveron as its Chief Technology and Innovation Officer, serving clients in myriad arenas, including 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.
Terms of the transaction were not disclosed. Canaccord Genuity served as financial advisor to Riveron. Ropes & Gray served as legal advisor to Riveron. Telegraph Hill Advisors served as financial advisor to Yantra and Sklar Kirsh LLP served as legal advisor to Yantra.
