Equiteq supports VISEO on its APAC expansion with the acquisition of Cludo, a Salesforce leader in the Australian market

16th September 2020

Equiteq is pleased to announce it has supported VISEO, a global technology company specializing in digital transformation services, in its acquisition of Cludo, a leading Australian Salesforce Platinum Partner.

Joining forces enhances the ability of both companies to deploy larger-scale digital projects across Australia and the APAC region, as the addition of Cludo’s digital transformation expertise will complement VISEO’s comprehensive range of digital services offerings.

Cludo focuses exclusively on the Salesforce platform, with offices in Brisbane, Sydney and Melbourne. It is renowned for delivering transformative solutions to clients in the financial services, consumer goods, education and the not-for-profit sectors. Since its inception, Cludo has successfully completed over 200 Salesforce projects. Its Platinum Partner status has been achieved in its first 18 months of operation, a record that is unequalled among Australian Salesforce partners.

"Today’s announcement is the start of another exciting chapter for Cludo, and we are thrilled to be joining forces with VISEO. This is a natural union. The synergies and points of connection were immediately apparent from the moment we started talking. Like VISEO, we are committed to our customers and our people, and culturally and operationally we are strongly aligned. This merger is great news for our people and will benefit our customers and the Salesforce ecosystem by allowing us to combine with a global leader, accelerate innovation and drive even greater customer success.” explains Ian Goodwin, Co-Founder and CEO of Cludo.

With 2,200 consultants on 5 continents, VISEO is a technology consulting firm that assists its clients with their digital transformation needs. In Australia, where the digital transformation market is in the midst of a profound evolution, VISEO has been located in Sydney since 2015 but has officially established its head office in Melbourne in 2019.

"VISEO Australia is delighted to welcome the Cludo team into our organisation. We share a similar company culture and vision, and our potential synergies are aligned with our strategy to become a top-3 Salesforce player in ANZ in the next 3 years.” says Pierre-Francois VIEAU, Managing Director of VISEO Australia.

"We are very pleased and honoured to welcome Cludo as part of the VISEO family. This move reflects our ambition for Australia. It will consolidate our partnership with Salesforce and accelerate our Cloud First Strategy." adds Olivier Dhonte, VP APAC and Chairman of the VISEO Group.

Charles Woodall, SVP Alliances & Channels, Salesforce APAC said "Cludo is a fast-growing member of Salesforce's ecosystem, driving substantial digital transformation projects for our joint customers. We welcome its acquisition by VISEO, which will support Salesforce's digital transformation capabilities in Australia and across the region."

Regarding Equiteq’s role in the transaction, Olivier also remarked, “Equiteq has been assisting us for years in our APAC expansion, including a previous acquisition in Singapore three years ago. Their comprehensive support ranges from initial market assessment and research, initial contacts and negotiations, down to the completion of the deal. Their deep understanding of the Salesforce market, together with the right combination of local and regional support, have been instrumental in the success of this project. ”

Jean-Louis Michelet, MD Equiteq Asia-Pacific, and Alex Monck, MD ANZ, commented: “We are proud that our Australian team has made it possible for Equiteq to contribute once again to VISEO’s growth journey. Working with such a like-minded, ambitious and professional team is always a pleasure, and we hope to continue helping VISEO in their strategic development”.

For more information about VISEO and Cludo services, please visit VISEO and Cludo websites.

For more information about this deal, you can reach out to:

Jean-Louis Michelet - Asia Pacific

Alex Monck - Australia and New Zealand

or Clair Porteous - Global 

Knowledge Economy Global M&A Report 2019 - Infographic

A summary of the latest transactional and equity market trends for owners of consulting businesses that are preparing for sale.

Download here