OSF Commerce today announced that it has successfully closed a $23M
equity investment round led by Delta-v Capital with participation from
Salesforce Ventures. OSF Commerce, a Platinum Salesforce Partner, is a
global leader in Salesforce Commerce Cloud as well as multi-cloud and
B2B commerce solutions.
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Delta-v Capital was attracted to OSF Commerce because of its strong
management team, high customer satisfaction, proprietary digital
commerce innovations including OSF UnifyCOMMERCE (patent pending), and
leadership position within the Salesforce Commerce Cloud ecosystem. OSF
Commerce works with many of the premier brands across North America,
Europe, and Asia; including Ubisoft, Bouclair, Geox, Kal Tire, Markwins
Beauty, and Urban Barn.
“OSF Commerce has achieved an almost unprecedented combination of
customer satisfaction, global capabilities, and growth in the Salesforce
ecosystem without any outside equity financing. OSF enjoys a clear
leadership position in delivering commerce solutions with multi-cloud
integrations for many of the world’s leading brands,” said Rand Lewis,
Managing Partner and Co-Founder of Delta-v Capital. “In partnering with
OSF Commerce, Delta-v will support its commitment to delivering the very
best commerce technologies to its global customers by attracting
additional talent, investing in AI technology, and financing
complementary acquisitions.”
OSF Commerce is an independent Salesforce Platinum consulting partner
with global multi-cloud and B2B commerce capabilities. During Dreamforce
2018, OSF Commerce was awarded the Salesforce Lightning Bolt Trailblazer
Award for Retail to recognize OSF’s efforts with OSF
UnifyCOMMERCE. UnifyCOMMERCE is a leading commerce solution that
integrates customer data across Salesforce’s diverse Clouds and from
multiple sales channels, online as well as offline, for a centralized
view of the customer data.
“OSF Commerce guides world-renowned brands to become customer-centric
through the implementation of Salesforce across commerce, marketing,
sales and service on a global scale. OSF Commerce has been a
longstanding partner of Salesforce since 2009 and the investment from
Salesforce Ventures will help further their efforts within the
Salesforce ecosystem and lead innovation for customers,” said Sherrick
Murdoff, VP, Partner Investments at Salesforce.
“Securing the highest level of partnership from Salesforce as a
Salesforce Platinum Consulting Partner, along with funding from both
Delta-v and Salesforce Ventures, further proves that OSF Commerce is at
the forefront of commerce technology. With this additional capital, more
exciting company updates will follow, and we’ll rapidly accelerate our
plans for the expansion of our commerce practice,” says Gerry Szatvanyi,
CEO of OSF Commerce.
OSF Commerce selected Delta-v to lead the financing because of its
expertise in technology services businesses, merger and acquisition
transactions, and track record of supporting technology companies in
realizing a higher level of growth and success. Since 2009, Delta-v has
invested in over 30 leading technology businesses including Cloud
Sherpas, a leading Salesforce partner acquired by Accenture in 2015.
True
Blue Partners was the exclusive financial adviser to OSF Commerce in
this transaction.
About OSF Commerce
OSF Commerce, an OSF Global brand, winner
of the 2018 Salesforce Lightning Bolt Trailblazer Award for Retail and
Salesforce’s 2016 Partner Innovation Award in Retail, is a leading
global commerce solutions company providing technology, consulting,
implementation and online shop management services to emerging and
premier brands, and merchants. Our agile approach allows us to scale
global growth more quickly and enable companies to enhance the customer
experience. With over 120 ongoing projects and eight years of worldwide
deployments, OSF Commerce delivers connected commerce solutions across
channels, devices and locales. For more information, please visit osf-commerce.com.
About Delta-v Capital
delta-v defined: n., the total
‘effort’ required to change from one trajectory to another
Delta-v
Capital is a leading provider of liquidity solutions and growth equity
to private technology companies and their shareholders. Delta-v manages
over $500 million in capital commitments and targets between $3 and $30
million investments in technology sectors, including enterprise
software, information services, cybersecurity, data analytics, cloud,
and communications infrastructure. Delta-v has offices in Boulder, CO
and Dallas, TX. For more information, please visit deltavcapital.com.
About Salesforce Ventures
Salesforce is the fastest growing
top five enterprise software company and the No. 1 CRM provider
globally. Salesforce Ventures—the company’s corporate investment
group—invests in the next generation of enterprise technology that
extends the power of the Salesforce Customer Success Platform, helping
companies connect with their customers in entirely new ways. Portfolio
companies receive funding as well as access to the world’s largest cloud
ecosystem and the guidance of Salesforce’s innovators and executives.
With Salesforce Ventures, portfolio companies can also leverage
Salesforce’s expertise in corporate philanthropy by joining Pledge 1
percent to make giving back part of their business model. Salesforce
Ventures has invested in more than 300 enterprise cloud startups in 20
different countries since 2009. For more information, please visit salesforce.com/ventures.
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