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Invisory Acquires Gtm Guides To Help Salesforce'S 7,000 Isv And Certified Consulting Firms Better Connect With Appexchange Customers

Feb 01, 2023over 2 years ago

Acquiring Company

InVisory

Acquired Company

GTM Guides

MarketplaceSaasConsultingAnalytics

Description

InVisory, the cloud advisory marketplace for Salesforce AppExchange, today announced it has acquired GTM Guides, a Salesforce ecosystem success company. The terms of the deal were not disclosed. The acquisition enhances InVisory's ability to help Salesforce Independent Software Vendors (ISVs) and certified consulting firms increase their lead generation, strategic partnerships, brand awareness, and better align with target customers. InVisory has more than 4,000 monthly active users and more than 20 ISVs and consulting firm customers since its product launched 120 days ago. Patrick Cronan founded InVisory in January 2022, with a $2 million dollar personal investment. He hired co-founder Nish Mishra in June 2022, and the team has grown to 13 members since the company began. InVisory projects revenue to exceed $7 million in annual recurring revenue (ARR) in 2023.

Company Information

Company

InVisory

About

InVisory is a cloud advisory marketplace for the Salesforce AppExchange. It harnesses data analytics to quickly and objectively identify the best ISVs and consulting firms for Salesforce end-users based on precise requirements. For AppExchange vendors, it increases business value by improving lead generation, brand awareness, competitive intelligence, and go-to-market strategies. InVisory plans to expand its data-driven advisory marketplace model to other ecosystems in the future. For more information, please visit www.invisory.co.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed