On July 22, 2024, Riveron, a business advisory firm backed by Kohlberg & Company, acquired Yantra, a provider of technology and advisory services for CFOs. This acquisition positioned Riveron as one of the largest NetSuite Alliance Partners globally, enabling them to offer comprehensive solutions to enhance value. Yantra's expertise in data science, AI, RPA, and platform integrations added significant value to Riveron's capabilities.

Founded in 2009 by Vikram Bhandari, Yantra employed around 300 people across the United States, Canada, India, and the Philippines. Bhandari joined Riveron as Chief Technology and Innovation Officer, bringing a fresh perspective on AI's practical impact for CFOs. This acquisition increased Riveron's global team to over 1,000 professionals.

Sam Shaw, CEO of Riveron, highlighted the importance of adaptable technology solutions for forward-looking organizations. He emphasized that the combined strengths of Riveron and Yantra would deliver a competitive advantage and continued success for their clients globally.

Vikram Bhandari expressed excitement about playing a pivotal role in delivering next-generation technology as part of Riveron. He noted that Yantra had a history of aiding clients in digital transformation across various technology and business landscapes.

Terms of the transaction were not disclosed. Canaccord Genuity served as financial advisor to Riveron, with Ropes & Gray as their legal advisor. Telegraph Hill Advisors served as financial advisor to Yantra, with Sklar Kirsh LLP as their legal advisor. Cassels Brock & Blackwell LLP acted as Canadian counsel to Yantra.