Toronto, August 15, 2018

Tequity's Client Figur8 Cloud Solutions Has Been Acquired by AllCloud

Salesforce Platinum Partner


Toronto, ON – Tequity Inc., an M&A advisory firm with a unique focus on companies in the Software, IT Services, and Technology markets. Tequity acted as the exclusive financial advisor to Figur8 Cloud Solutions, a Salesforce Platinum partner, in their strategic acquisition by Israeli-based cloud solutions firm, AllCloud. This marks Tequity’s fifth successful Salesforce consulting partner transaction. Financial terms of the deal were not disclosed.

The acquisition marks AllCloud’s entrance into the North American cloud solutions provider market. AllCloud has also raised $7 million in new funding, bringing total investment in the four-year old company to more than $15 million.

Newly appointed CEO at AllCloud, Eran Gil, was co-founder of Cloud Sherpas, the global cloud solutions provider acquired in 2015 by Accenture, bringing a proven ability to build professional services firms from the ground up.

"The acquisition of Figur8 provides us the ability to better support our customers' digital transformation efforts on a global scale. The new capital provides us the flexibility to grow organically or, if we prefer, through more acquisitions." - Eran Gil, CEO AllCloud

AllCloud’s decision to acquire Figur8 was based on its strong foothold and rapid growth into the North American market. Figur8 co-Founders Ojay Malonzo and Richard Lockson worked at Salesforce for many years before starting. Since 2012, their strong leadership team and focus on long-term customer success has led to hundreds of Salesforce implementations. From technology to financial services, Figur8 has empowered customers in multiple industries to innovate on the Salesforce platform. Malonzo and Lockson will remain with AllCloud as SVP Sales North America and SVP Delivery North America, respectively.

Global Offices: Israel - Munich - Berlin - Bucharest - San Francisco - NewYork - Toronto - Vancouver

“There is a large and growing appetite among the world’s largest companies for comprehensive digital transformation, and these organizations desperately need the business and technical support, and implementation and change management expertise of experienced partners,” says Gil. “The acquisition of Figur8 provides us the ability to better support our customers’ digital transformation efforts on a global scale. The new capital recently raised provides us the flexibility to grow organically or, if we prefer, through more acquisitions. With a seasoned management team and plenty of resources, AllCloud is in a very strong position to serve our customers wherever and however they need us.”

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About AllCloud

AllCloud is a global cloud solutions provider specializing in cloud enablement, from cloud infrastructure to CRM and ERP cloud applications. For the past 4 years the company has been an AWS Premier Consulting Partner and Managed Service Provider (MSP) Partner, and a Salesforce Platinum Partner and holds partnerships with Google Cloud Platform and Oracle-NetSuite. The company is an industry leader in migrating and deploying companies of all sizes, start-ups to enterprise and public sector, to the cloud. AllCloud is headquartered in Israel with offices in Munich and Berlin, and delivery centres in Israel, Romania and Germany. www.allcloud.io

About Figur8

Figur8 delivers strategic consulting, implementation, and Salesforce development and integration services across a wide variety of industries and Salesforce specializations, including Sales Cloud, Service Cloud, Pardot, CPQ, Einstein AI, and Lightning Migration. The company has offices in Toronto, San Francisco, New York, and Vancouver. www.figur8.com

About Tequity

Tequity provides exit, merger, and carve-out advisory services exclusively to mid-market Software, IT Services, and Technology companies across North America and around the globe. We assist CEO's and shareholders to find the right strategic buyers and achieve optimal outcomes in a transaction. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real life experience to any M&A discussion. www.tequityinc.com

Telephone: 416-483-9400 Ext:103

Contact: Diane Horton, CBI, CM&AA - VP Corporate Development - dhorton@tequityinc.com

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