MST Solutions

Canaccord Genuity Advises Salesforce Partner MST Solutions on its Sale to Mastek

Canaccord Genuity is pleased to announce it has advised MST Solutions, an independent Salesforce consulting and system integration partner, on its sale to Mastek Ltd ​​​​​​​(NSE: MASTEK), a publicly-traded Digital Engineering and Cloud Transformation partner with a global client base. 

Founded in 2012, MST Solutions is the largest independent Salesforce consulting partner in the American Southwest region. With Summit level status in the Salesforce ecosystem and a “5 out 5” customer satisfaction score, the company is a team of service experts who take service to a whole new level. Through the framework of a proven and effective “Roadmap to Results,” MST’s Salesforce architects, developers, project managers, and administrators add their expertise to clients’ teams to craft agile, innovative solutions that answer organizations’ operational challenges today and grow as they grow.

Mastek is a turnkey and trusted Digital Engineering & Cloud Transformation partner that delivers innovative solutions and business outcomes for clients in Healthcare & Life Sciences, Retail, Manufacturing, Financial Services, and Government/Public Sector, among other industries. The company enables customer success and business change programs by partnering with enterprises to unlock the power of data, modernize applications to the cloud, and accelerate digital advantage for all stakeholders. Customers trust Mastek to deliver “Business Value with Velocity,” and the company operates with approximately 5000 employees in more than 40 countries, including the UK, Americas, Europe, Middle East, and APAC. Mastek is in the business of “de-complexing digital” and making its clients future-ready with an industry-first approach. Evosys, a Mastek company, is an Oracle Partner and a leading Oracle Cloud implementation and consultancy provider and has executed programs for in excess of 1,300 Oracle Cloud clients.

This acquisition will grow MST’s service offerings and deep bench of resources, while opening doors to a global market. In turn, Mastek will further strengthen its Customer Experience service line, validating its commitment to bringing velocity and innovation to its clients’ digital transformation journeys.

Both Mastek and MST Solutions share a strong culture that reflects their mutual commitment to a service mindset through a foundation built on their core values. The synergies between both organizations are expected to create expanded growth opportunities and a richer experience for the combined companies’ customers.

Canaccord Genuity, with a team led by Ben Lunka, JP Michaud, and Evan Gabriel, served as the exclusive financial advisor to MST Solutions.