NYC-based software company acquires Arlington Salesforce developer
Togetherwork buys Fonteva
New York City-based software company Togetherwork announced Wednesday it has acquired Arlington-based Salesforce developer Fonteva.
Financial terms of the transaction were not disclosed.
Under the acquisition, Fonteva will operate as a business unit within Togetherwork and be led by Fonteva Chief Revenue Officer Pat McGlynn, who has been named president of Fonteva. The majority of Fonteva’s senior management and staff will remain and operate out of the company’s existing Arlington office.
“The combination of Togetherwork’s resources and product capabilities, particularly in payments, will be a huge win for our customers, our partners and our employees,” Fonteva CEO Jerry Huskins said in a statement. Huskins will leave the company later in 2021, as part of a “planned transition period,” according to a company statement.
Togetherwork is a portfolio company of private equity firm GI Partners and provides digital payment offerings.
“As Togetherwork’s first major acquisition of a company built on Salesforce, it gives us a whole new range of expansion opportunities in all the markets we serve,” Togetherwork CEO Neil Platt said in a statement. “I’m excited to work with Pat and all the Fontevans to continue to build on the success they have had to date.”