SAN DIEGO, Feb. 15, 2022 / PRNewswire/-NewRocket, a technology strategy, design, and operations provider and ServiceNow Elite Partner, announced today that it will enhance the global footprint and acquisition capabilities of Service Stack Technologies (Service Stack “or” the Company “), is also an Elite Partner for ServiceNow. Service Stack provides consulting and delivery services and solutions to IT Workflows, Customer Workflows, Employee Workflows, and Digital Transformation. The terms of the deal were not disclosed. NewRocket is a portfolio company of Gryphon Investors (“Gryphon”), a leading middle-market private equity firm.
According to PuneMaharashtra, India, Service Stack is in a fast -growing region for ServiceNow, and the company carries a wide range of solutions that simplify work for clients and enhance the use of the Now platform. With its global location and expertise in a comprehensive view of offerings, including AI Ops, Digital Transformation and IT, Customer, and Employee Workflows, this acquisition brings highly complementary expertise to NewRocket and will stimulate global growth and expansion of delivery capability.
Gabe StephensonManaging Director within the Business Services Group at Gryphon, said, “Service Stack Technologies is NewRocket’s fifth acquisition in eight months as it continues to aggressively grow the business and accelerate impact for clients around the world. by adding another ServiceNow Elite Partner with global capabilities and the proven ability to sell to and retain blue-chip clients, NewRocket is in a truly unique position to serve more customers in more sectors as the world’s leading ServiceNow firm. “
NewRocket plans to use Service Stack’s growing team of talented consultants, consultants, and developers to measure global delivery capabilities and allow more clients to fully harness the power of the Now platform, driving more growth within Europe at Asia. The company consolidated Service Stack Technologies under the NewRocket name and brand. As part of the transaction, the founding directors of Service Stack Mukul Kant Sharma at Vipin Kumar will join the NewRocket team in key leadership roles.
Matt StoykaNewRocket CEO, said, “We are pleased to welcome Mukul, Vipin, and the entire Service Stack team to our NewRocket crew. Our teams have a long history of collaboration. Service Stack consultants are recognized for their expertise in solving complex technical challenges and for their in-depth knowledge of the platform that together creates great solutions for clients, as demonstrated by top satisfaction scores.Together, we are on a mission beyond yet to deliver meaningful experiences and extraordinary results with ServiceNow. “
Mr. said. Sharma, “This is the perfect time to partner with NewRocket and start this journey together. We have many customers we serve across the landscape of offers on the ServiceNow platform, and our CSAT score is an impressive one. 5 of 5. This partnership brings together our teams with their strong technical and functional expertise to provide a wider range of solutions and services to the marketplace. ”
Mr. added. Kumar, “In our long-standing relationship with NewRocket, we are excited to bring together teams to work as a crew. Service Stack’s deep knowledge and expertise in AIOps, BFSI, Digital Transformation, and Platforms has a pedigree and NewRocket portfolio is a select combination of power.We look forward to growing the business, providing new opportunities for our teams, and strengthening our presence in India and around the world. “
About Service Stack Technologies
Founded in 2015 and headquartered in PuneMaharashtra, India, Service Stack is recognized as a ServiceNow Elite Partner, offering solutions to IT Workflows, Customer Workflows, Employee Workflows, and Digital Transformation. The company brings together a wide range of solution products and production capabilities with an emphasis on simplifying work for clients and improving the use of the Now platform. Service Stack is positioned as a key player in the ServiceNow ecosystem, with proven experience in a broad spectrum of industries including financial services, energy, engineering and manufacturing, and telecommunications. It is recognized by its base of global Fortune 500 clients for delivering a unique customer experience. For more information, please visit https://www.servicestack.io.
About NewRocket
NewRocket delivers meaningful experiences and extraordinary results to ServiceNow. We do more to deliver a stable, connected, and transformed business, where employees thrive, companies thrive, and people matter. We deliver innovative and creative solutions to over 1,000 customers worldwide in Financial Services, Healthcare, Government, Insurance, and Technology companies. NewRocket has delivered over 4000 successful projects through world-class implementations and integrated solutions across the ServiceNow platform. For more information, please visit www.newrocket.com.
About Gryphon Investors
According to San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm dedicated to the profitable growth and competitive enhancement of middle market firms in partnership with experienced management. The company is managed $ 7.5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $ 50 million sa $ 300 million in portfolio companies with business values from approx $ 100 million sa $ 600 million. Gryphon prioritizes investment opportunities where it can build strong partnerships with owners and executives to build leading companies, using Gryphon’s capital, specialized professional resources, and operational expertise.
Contacts
Lambert & Co.
Caroline Luz203-656-2829, [email protected]
Jennifer Hurson845-507-0571, [email protected]
Source NewRocket
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