Over 180 Technology M&A Transactions since 1998
50+ Years of Operational Expertise Across Managing Partners
Charlotte, NC; November 18, 2013 — DecisionPoint, a leader in M&A advisory services for middle-market technology companies, announced today that its client, Vana Workforce (“Vana”), a global human capital software provider and maker of a leading HR application on the Salesforce Platform, has been acquired by FinancialForce.com (“FinancialForce”), a cloud applications company that focus 100% on building business applications for the Salesforce Platform. The acquisition represents a significant step in FinancialForce’s vision to revolutionize the back office by eliminating barriers inside and outside an organization. Terms of the deal were not disclosed.
Vana, to be re-branded as FinancialForce Human Capital Management (HCM), provides integrated HRMS, talent management and recruitment capabilities, allowing a consistent user experience across these solutions. As a native application built on the Salesforce Platform, the new application will be instantly unified with FinancialForce Accounting and FinancialForce Professional Services Automation (PSA), creating a single line of sight across an organization. This will allow true, front to back office visibility and a single user experience across the entire enterprise.
Known to be user-friendly and easily deployable, Vana Workforce is also easily extensible and customizable. Combined with FinancialForce.com’s existing back office applications, FinancialForce HCM can nimbly serve the needs of small to mid-sized businesses while also meeting the cross-departmental and complex integration demands of global enterprises. Together, FinancialForce.com provides back office cloud solutions that are optimized for social collaboration, mobility and front to back office visibility.
“Vana Workforce and FinancialForce.com have always shared the same goal-to unlock the power of the cloud, social and mobile capabilities in order to engage employees and gain real-time insight for our customers,” said David Vanheukelom, co-founder and CEO at Vana Workforce, and newly appointed HCM General Manager at FinancialForce.com. “I am very pleased that Vana customers can now further extend that intelligence across the back office with FinancialForce.com, without changing UI or platform, and am excited about our shared vision for HCM innovation.”
About FinancialForce.com
Built on the Salesforce Platform, FinancialForce.com’s Accounting, Billing, HCM, PSA, Revenue Recognition and SCM apps eliminate barriers and inefficiencies between the front and back office to help companies grow the top and bottom line. Founded in 2009, FinancialForce.com is backed by two of the biggest and best players in the business, UNIT4 and salesforce.com. For more information, visit www.financialforce.com.
About Vana Workforce
Developed on the industry’s leading cloud platform Force.com, Vana Human Capital Management
delivers one complete and integrated human capital management solution for global organizations form hire to retire including the core human resource system of record, benefits & compensation, absence management, performance and talent management, career and succession planning, work. For more information, visit www.vanaworkforce.com.
About DecisionPoint
DecisionPoint is a unique leader in M&A advisory services for middle-market technology companies and their venture capital investors in the software, services, cleantech, biotech, healthcare IT and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Andy Agrawal, Managing Partner; (704) 943-5250; aagrawal@decisionpointint.com