iLink Digital acquires majority stake in Dazeworks
iLink Digital, a global software solution provider has acquired a majority stake in Dazeworks.
Dazeworks is a platinum consulting partner with Salesforce offering development, implementation and agricultural guidance to Small and medium sized enterprises along with large enterprises. iLink Digital did not disclose financial details of the deal.
“iLink Digital is focusing on growth acceleration this year. SA was able to leverage their deep experience in this sector and identify a strong Salesforce specialised company for us to partner with and enter and expand our Salesforce footprint, as part of our inorganic strategy. In our journey with SA as our advisor and partner, we find their M&A process, reach and business alignment invaluable”, said Sree Balaji, iLink Group CEO.
SA Global Advisors, a leading Merger and Acquisition advisory firm for companies in the Digital and Technology ecosystem was an advisor for this deal.
With the vast experience, knowledge, and complementary facets of Digital Transformation technologies that the iLink team brings in, we believe this powerful partnership will help us achieve our combined goals and emerge stronger. We have SA to thank for their expertise and their ability to see value in our specialised approach within the Salesforce industry and conduct the process with utmost transparency and fairness,” said Shivanath Devinarayanan, CEO of Dazeworks.
Various companies have been investing in the services of specialized Salesforces partners in order to support their experiences and expertise. This in turn will generate opportunities in Salesforce and the innovation required for the companies to do better and possibly an increase in the investments in future.
In recent times, a lot of companies are taking a step forward towards a digital transformation, the majority of which includes adaptation to cloud services.
“We are delighted to bring this transaction to a successful conclusion, as the alignment between iLink and Dazeworks was evident at a very early stage. We see an increased investment interest in the Salesforce ecosystem from Digital Transformation, IT consulting and Managed Services players complemented by mid-market private equity players. We see a race to accelerate the adoption of cloud and multi-cloud technologies to fuel Digital Transformation, where Salesforce continues to be a dominant force,” said Pravin Advani, Managing Partner, and Co-founder, SA Global Advisors.