Press Release

EQUITEQ ADVISES GROUNDSWELL CLOUD SOLUTIONS ON ITS SALE TO GYANSYS INC.

January 17, 2022

Equiteq is pleased to announce that it has advised Leading Salesforce Partner Groundswell Cloud Solutions on its sale to GyanSys Inc., a leading systems integrator.

Groundswell Cloud Solutions is a Canadian firm headquartered in Vancouver, B.C. and is a recognized leader offering Comprehensive Salesforce advisory and implementation services to deliver transformative digital experiences. Founded in 2012 by a Salesforce veteran, Groundswell Cloud Solutions is a premier Salesforce Crest (fka Gold) Partner with deep ecosystem relationships offering unparalleled expertise in the consumer goods, retail, technology, and life sciences industries with demonstrated abilities in delivering global digital transformation solutions. In the last 8 years, Groundswell has grown to over 100 onshore based resources with multiple accelerators, IP, and pre-sales solution capabilities across the Sales, Marketing, Commerce, and Experience Clouds with an AppExchange rating of over 4.9.

GyanSys Inc. is a leading systems integrator and provider of next-generation digital solutions and consulting services supporting global customers in core areas of advisory, implementations, managed services, and data analytics spanning SAP, Salesforce, Microsoft, and other leading enterprise applications. Headquartered in Indiana, USA they employ over 2,000 consultants supporting over 175 enterprise customers across the Americas, Europe, and APAC.

This acquisition deepens GyanSys’ portfolio of Salesforce advisory services, thought leadership capabilities, and its go-to-market partnership with Salesforce. Terms of the transaction were not disclosed. The acquisition boosts GyanSys’ Salesforce practice to over 250 professionals with 600+ certifications and 500+ successfully delivered projects, further enabling GyanSys to meet rising customer demand for experience-led digital transformations.

Rajkishore Una, GyanSys CEO, said, “I’m excited that, by Groundswell joining our global Salesforce solutions platform, we are able to offer end-to-end services to our customers across multiple clouds and diverse industries. This new chapter helps GyanSys scale our strategic partnerships with Salesforce while expanding our coverage throughout the US and Canada to better serve our customers globally.”

Brian Wiebe, Groundswell CEO, added, “Our goal is to be sought after leaders and experts in our industry and this announcement is a testament to our team’s exceptional expertise, diligence, and teamwork in building Groundswell into the respected leader it is today.  We are more than thrilled to be joining the GyanSys family and together provide even greater value resulting from our inspiring people-focused culture and our continued pursuit of innovative, transformative, and high-value solutions and services for our customers.”

With respect to Equiteq’s role in the transaction, Brian Wiebe said, “It was clear from early on that Equiteq are deeply experienced in our space, have relationships with the best potential acquirers, and have the global market knowledge to help us achieve our transaction objectives. The Equiteq team’s emotional intelligence, unwavering resolve, and technical expertise set us up for success as we embarked on a process. We are truly thrilled with the result and the home they found us at GyanSys, where we can continue on our growth journey. We would highly recommend Equiteq to any individual considering the sale of their business.”

Regarding Equiteq's role as exclusive financial advisor to Groundswell on the transaction, Alex Floess, Equiteq Director, stated, “Working with Brian Wiebe, Pei Huang, and Imran Chatur on the transaction was an absolute pleasure from start to finish.  We have an enormous amount of respect for the Groundswell team and the leading platform they had built over the past decade. Groundswell’s niche position in the Salesforce vertical, proven track-record of delivering highly complex digital transformations, scalable business model, and innovative culture all combine to position the business very well for success going forward.  We wish the Groundswell team the best in the next chapter of their growth story.”

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