![Vikram Bhandari, Chief Technology and Innovation Officer of Riveron](https://img-cdn.thepublive.com/fit-in/1280x960/filters:format(webp)/indianstartupnews/media/media_files/laoxQjKvLBx0qhtX7PE0.png)
Vikram Bhandari, Chief Technology and Innovation Officer of Riveron
Kohlberg & Company-backed business advisory firm Riveron has acquired Yantra, a technology and advisory services provider with a broad range of expertise to address the pressing needs of technology-enabled CFOs.
While the terms of the deal remain undisclosed, the acquisition makes Riveron one of the largest NetSuite Alliance Partners globally, offering clients holistic solutions to enhance value.
With this acquisition, Yantra brings significant expertise in data science and analytics, Artificial Intelligence (AI), Robotic Process Automation (RPA), and platform integrations.
“Forward-looking organizations need technology solutions that will adapt and scale regardless of the business environment. With Yantra, we now have a global team to help Riveron serve the Office of the CFO and Private Equity firms to elevate performance," said Sam Shaw, CEO of Riveron.
Yantra founder joining Riveron
Founded in 2009 by US entrepreneur of Indian origin Vikram Bhandari, Yantra has around 300 employees across the United States, Canada, India, and the Philippines.
As part of the acquisition, 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.
The company significantly expands its team, increasing its global headcount to over 1,000 dedicated professionals.
“Over the years, Yantra has helped clients in adopting digital transformation across diverse technology and business landscapes. Now, as part of Riveron, we are excited to play a pivotal role in our shared commitment to growth and delivering next-generation technology to our clients," Bhandari said.
“Yantra’s legacy is deeply rooted in driving innovation. This acquisition will fortify Riveron’s position as technology and transformation leaders, reinforcing the value we provide to our collective clients. Looking ahead, our combined strengths will enable us to deliver a distinct competitive advantage and continued success to our clients globally,” Shaw added.
What does Riveron do?
Founded in 2006, Riveron professionals simplify and solve complex business problems.
The company partners with CFOs, private equity firms, and other stakeholders to maximize outcomes. Its teams bring industry perspective and a full suite of solutions focused on the office of the CFO, M&A, and distress.
In 2023, the company was acquired by affiliates of Kohlberg & Company from H.I.G. Capital.
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.