Acquisition Marks the First Investment in Rockbridge’s FormativGroup Platform, Offering App Development, Data Architecture and Consulting Services Focused on the Middle Market
Rockbridge Growth Equity (“Rockbridge”), a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, announced today that it has made a majority investment in Access Global Group (or the “Company”), a Salesforce-focused solutions and services company. Financial terms of the transaction were not disclosed.
Access Global Group marks the first investment in Rockbridge’s FormativGroup platform, which will seek to further invest in partner companies to offer modernized application development, data architecture and consulting services focused on the middle market and growing enterprise market segments. Rockbridge Industry Advisor Gene Chao is serving as CEO of FormativGroup. An IBM and Unisys veteran, Mr. Chao has a track record of leading technology services business units for numerous high performing enterprises.
For over 15 years, Access Global Group has provided consulting services to mid-sized businesses to assist with the implementation and integration of Salesforce applications, focused on the sales cloud, service cloud, marketing cloud, and tableau. In addition to helping customers optimize value from Salesforce, the Company also offers post-implementation support and ongoing maintenance services. Headquartered in Southlake, TX, with additional offices in Canada and India, Access Global Group primarily serves customers in the financial services and public sector end-markets. Access Global Group CEO Vamsi Bollineni will continue to lead the Company with the existing management team.
“We are excited to formally launch the FormativGroup platform with our acquisition of Access Global Group,” said Mr. Chao. “While enterprises of all sizes need to orchestrate and harness the power of modern applications, dynamic workflow designs, and the right data structures, we believe technology consulting and platform solutions in the middle market are particularly fragmented – which is also amplified around the emergence of GenAI, AI Reasoning, and newly created Ux/Ui models. We see strong demand for these services in this sector of the market and look forward to announcing more acquisitions soon.”
“Access Global Group is well aligned with FormativGroup’s group mission of delivering holistic, tailored technology consulting services to help mid-sized companies on their technology transformation journeys,” said Mr. Bollineni. “We are confident that by partnering with Gene, Rockbridge and other companies with complementary offerings, Access Global Group will be better positioned for future growth.”
Honigman served as legal advisor to Rockbridge and was legal advisor and Shumaker was the legal advisor to Access Global Group.
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