Pamlico Capital Makes Growth Investment in Silverline
Silverline is poised to accelerate its expansion with Industry Focused Salesforce solutions.
Pamlico Capital ("Pamlico") today announced that it has made a growth equity investment in Silverline, a Salesforce Platinum Consulting Partner headquartered in New York City. 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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Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of almost $3.5 billion. For additional information, please visit www.pamlicocapital.com.