Pamlico Capital has made an investment in New York City-based Silverline, a Salesforce platinum consulting partner. No financial terms were disclosed. William Blair provided financial advice to Silverline on the transaction.
New York, NY, March 02, 2018 (GLOBE NEWSWIRE) — Silverline, a Salesforce Platinum Consulting Partner headquartered in New York City, today announced that it has taken a growth equity investment from Pamlico Capital (“Pamlico”). The partnership will allow Silverline to advance as a leader delivering innovative solutions across the Salesforce Platform, including the vertically-focused Salesforce Financial Services Cloud and Salesforce Health Cloud.
“Silverline’s vision has always been to help its customers transform their business using the Salesforce platform. This partnership will allow us to continue to execute on that vision while expanding our incredible team,” said Gireesh Sonnad, CEO and Co-Founder, Silverline. “We are excited to have the support of the Pamlico team and the benefit of their experience with high growth cloud solutions organizations.”
“Pamlico is pleased to partner with Silverline to fuel the company’s growth and innovation,” said Scott Stevens, Partner, Pamlico. “We look forward to supporting the company’s strategic growth initiatives to increase market share and further expand Silverline’s offerings for its valued customers.”
Silverline’s founders and current executive team will continue to manage the firm, with support from Pamlico, to build on the success they have driven since the company’s inception in 2009. Recently named Glassdoor’s #1 Best Small & Medium Companies to Work For in 2018, Silverline is a people-first company and is excited for the partnership to support continued growth and investment in its industry-leading team.
“As one of the leading Salesforce Consulting Partners, Silverline has driven transformation in the Financial Services and Healthcare industries,” said Tyler Prince, EVP, Industries, Innovation & Partners, Salesforce. “We are excited to see this kind of continued investment in the Salesforce ecosystem as it will bring even more expertise to deliver exceptional and personalized customer success.”
William Blair acted as the exclusive financial advisor for Silverline in connection with this transaction.
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Silverline is a Salesforce Platinum Cloud Alliance Partner headquartered in New York City with experienced, innovative consultants around the world. They are focused on developing powerful solutions, deployed on the Salesforce Platform, and robust third party apps. Silverline’s results-driven methodology leverages best practices acquired by over 1,100 implementations, with significant expertise in industry verticals such as Financial Services, Healthcare, and Force.com solutions. Additionally, Silverline offers popular AppExchange applications and industry-proven Fullforce Certified accelerators. Visit www.silverlinecrm.com to learn more.
About Pamlico Capital
Pamlico Capital is a private equity firm founded in 1988 that primarily invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $125 million alongside founders and proven management teams in its target industries: business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $3 billion. For additional information, please visit http://www.pamlicocapital.com.
About William Blair
William Blair is a global investment banking and asset management firm which provides advisory services, strategies, and solutions to meet their clients’ evolving needs. As an independent and employee-owned firm, together with strategic partners, William Blair operates in more than 20 offices worldwide. For more information, please visit www.williamblair.com.