#USA #Southlake #Salesforce #Access Global Group #Rockbridge Growth Equity

Rockbridge Growth Equity's Major Acquisition of Access Global Group

In a significant development within the technology consulting sector, Rockbridge Growth Equity has announced its acquisition of a majority stake in Access Global Group, marking a strategic step towards enhancing their portfolio. Rockbridge, a private equity firm that centers on nurturing middle-market companies, plans to leverage this acquisition to bolster the FormativGroup platform.

Access Global Group, headquartered in Southlake, Texas, is well-known for its expertise in providing Salesforce-focused consulting services. For over 15 years, this company has been instrumental in helping mid-sized businesses optimize their Salesforce applications, which include the sales cloud, service cloud, marketing cloud, and Tableau. With offices extending into Canada and India, Access Global Group primarily serves clients in both the financial services and public sectors, providing tailored solutions that enhance value and efficiency.

Gene Chao, a seasoned technology advisor with substantial experience from IBM and Unisys, has stepped into the role of CEO for FormativGroup following this acquisition. Chao emphasized the necessity for modern businesses to incorporate adaptive workflow designs and robust data structures into their operations, especially as demands for technology consulting rise, influenced by trends in AI and user experience design.

The acquisition is part of Rockbridge's strategy to address the fragmented landscape of technology consulting services available for middle-market companies. This sector has traditionally been underserved, facing challenges in adapting to new technological models and frameworks. Chao expressed optimism about the potential for growth within this market segment, citing increasing demand for modern applications and consulting services tailored specifically to mid-sized enterprises.

Vamsi Bollineni, the CEO of Access Global Group, will continue to manage the company alongside its existing leadership team. He articulated his enthusiasm for the new partnership, aligning the vision of Access Global Group with the broader mission of the FormativGroup to deliver comprehensive and tailored technology consulting services. By collaborating with Rockbridge and other synergistic firms, Access Global Group aims to fortify its position in the marketplace and better serve its client base.

This move is particularly interesting given the rapid advancements in AI technologies and the necessity for businesses to stay agile and tech-savvy. As companies increasingly seek to integrate AI capabilities and new user interface models, the demand for sophisticated consulting services that can navigate these complexities is set to grow.

Legal counsel for Rockbridge was provided by Honigman, while Access Global Group relied on Shumaker for its legal advisory needs during the transaction. With the formal launch of the FormativGroup platform now underway, Rockbridge is poised to announce further acquisitions aimed at enhancing its service offerings in the coming months.

About Rockbridge Growth Equity

Founded in 2007, Rockbridge Growth Equity has established itself as a key player in the middle market private equity landscape, with a focus on fostering sustainable growth for both founder-operated and established businesses. The firm utilizes its extensive industry networks, particularly through the Rock Family of Companies, to provide not just financial backing, but strategic insights and expertise.

As of the end of 2023, Rockbridge manages assets exceeding $1.7 billion, targeting sectors such as eCommerce, financial services, fintech, and digital media, aiming to address the unique needs of these dynamic industries. More information about Rockbridge can be found at www.rbequity.com.

The acquisition of Access Global Group is a promising indication of Rockbridge's commitment to not only expanding its portfolio but also enhancing the technology capabilities available to mid-sized businesses, ensuring they are well-equipped to thrive in an increasingly digital world.