PHILADELPHIA, PA — SolomonEdwards, a national professional services firm, announced its recent acquisition of OpenGate Consulting, Inc. (OpenGate), a business and technology consulting firm, focused on the Salesforce ecosystem across the core clouds in the financial services and healthcare industries.
OpenGate’s technical capabilities and broad market reach will allow SolomonEdwards to leverage its expertise and open more possibilities to help clients and organizations transform their digital strategies. Alec Elmore, Founder of OpenGate, is pleased with the acquisition, saying: “We are incredibly excited about our new ownership through SolomonEdwards and the opportunity to bring our complementary skills to market together. OpenGate’s success is built on driving growth and scale through digital capabilities with our business first focus.” He continued: “The combined depth and breadth of our business and technical skills will offer more value and impact to our respective client bases.”
The OpenGate acquisition was a strategic decision to expand into technology consulting that is synergistic with SolomonEdwards’ accounting & finance and business transformation services, as well as its strong financial services client base. This is especially true since the two companies have collaborated on opportunities in the past. As part of its aggressive growth strategy, SolomonEdwards recently received a significant investment from Renovus Capital Partners (Renovus). The capital infusion in 2022 followed a period of record-setting growth for SolomonEdwards, allowing the company to make additional investments in its team and delivery capabilities, and accelerating growth.
Scott Balestrier, SolomonEdwards’ CEO, says, “This is a pivotal first step in the SolomonEdwards acquisition strategy.” He added: “I am excited about adding the OpenGate team to bolster and grow our technology practice as we optimize a balance of people, process, and technology to drive strong outcomes for our clients.”
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