Navint Acquires Leading Quote-to-Cash Implementation Provider, Stratera
October 30, 2019
Navint Partners, a consulting and technology firm that helps recurring revenue companies drive growth and operational efficiency, today announced it has acquired Statera, a premier Salesforce implementation firm. The deal is designed to bring together advisory and process innovation with deep Salesforce CPQ (Configure, Price, Quote) & Billing implementation capability to help clients modernize their lead-to-revenue operations and succeed in today’s customer-centered economy.
“Enterprises are struggling to operate against new revenue models and find themselves increasingly challenged to connect CPQ, Billing, CLM, ERP and revenue recognition. In order to enable true transformation, companies need to understand how to optimize their business processes and connect front and back office technologies” said Jim Martindale, CEO of Navint. “Adding Statera’s deep technical expertise to Navint’s proven business and advisory services allows us to deliver a comprehensive and connected set of services to meet our enterprise clients’ most difficult lead-to-revenue challenges. We can now accelerate how we offer these services to current clients and expand our reach to help new clients successfully transform. We are incredibly excited to welcome the entire Statera team to the Navint family.”
Navint works across the entire lead- to-revenue technology ecosystem including all major ERP, CLM, CPQ & Billing technologies. A majority of Navint clients deploy the Salesforce platform, which represented a unique opportunity for Navint to build a premier Salesforce CPQ & Billing capability. Earlier this year, Navint received Salesforce Billing certification and expanded its internal team to meet growing market demand for recurring revenue technology experts.
“The combined Navint and Statera team will connect extensive business advisory and ERP experience with deep technical and implementation capabilities, uniquely positioning the company to help clients modernize their lead-to-revenue operations across the front and back office” said Chong Moua, General Partner of Boathouse Capital.
Brad Weydert, President of Statera, said, “This is an exciting time for Statera. We’ve experienced a significant amount of growth over the last five years and we are excited to be partnering with Navint and Boathouse for the next stage of our growth. Boathouse also brings expertise and resources that will help us continue to build our position in the market through strategic acquisitions and growth initiatives.”