PwC to Acquire Venerate Solutions Private Limited
Bangalore, 20 June 2022: PwC India has agreed to acquire Venerate Solutions Private Limited (‘Venerate’), one of the fastest growing and highly innovative Salesforce consulting firms in India. Upon completion of the acquisition, Venerate, a Salesforce Summit (Platinum) partner, and its team of highly certified consultants and developers will integrate with PwC India’s Salesforce practice. This acquisition aligns with PwC’s commitment to invest in the area of digital transformation and also in strategic alliances. Founded in 2016 in Bangalore, Venerate builds and deploys cutting-edge customised solutions on the Salesforce platform across multiple clouds including Financial Services Cloud, Salesforce Marketing Cloud, Vlocity Industry Cloud and various integration tools. These solutions help organisations reimagine the customer experience, seamlessly ramp up sales and support their growth journeys.
“As businesses race to embrace new ways of working digitally, Salesforce has become a key area of client demand. Venerate will augment our Salesforce consulting practice with significant end-to-end capabilities in the areas of platform engineering, and cloud and managed services, thereby bolstering our ambitions as a community of problem solvers,” said Sanjeev Krishan, Chairman, PwC in India.
Biswanath Bhattacharya, Founder and Director, Venerate said, “Our strengths combined with PwC India’s extensive reach provide tremendous opportunities for both our clients and our people alike. We look forward to working together to serve clients and help them solve important business problems.” Partho Bhattacharya, CEO, Venerate said, “The cultures of Venerate and PwC are closely aligned, while the niche skills we bring to market are complementary. The people-first approach of PwC resonates very well with our ethos at Venerate.”
“This acquisition is aligned with the strategic journey we embarked on last year – a five year vision where we chose priority areas and also expressed our intent to invest in high-quality talent, upskill our partners and staff and add capabilities – ultimately to build trust and deliver sustained outcomes for our clients. Our strategy is to be human-led and tech-powered, both key elements of this acquisition. This opportunity is also in sync with the priority areas that we outlined, two of which are Digital and Alliances.”, Sanjeev added.
“This acquisition marks the beginning of the inorganic growth aspirations of the Advisory business in India. To fast track this, more such opportunities are being actively evaluated in the Cyber, ESG, Cloud & Analytics domain. This is also aligned with the New Equation strategy that we launched last year.,” said Arnab Basu, Leader- Advisory, PwC India.
“At PwC, we leverage technology to help solve complex business problems, continuously innovate and identify new opportunities for our clients and other stakeholders,” said Pawan Kumar S, Leader – Technology Consulting, PwC India. “The addition of Venerate will enable us to achieve these goals faster while significantly deepening and broadening our capabilities in this space.”
The transaction is expected to close in the coming few weeks, subject to customary closing conditions.