ChrysCapital-owned Xoriant acquires Salesforce consulting firm Fexle

Xoriant Corp, a California-based software engineering and digital services company controlled by Indian private equity firm ChrysCapital, has acquired Jaipur-headquartered Fexle, to mark its third takeover deal since last year.  

The acquisition is part of Xoriant’s strategy to strengthen its Salesforce practice and expand its presence in the rapidly growing artificial intelligence (AI) and cloud services sector, the company said in a statement. It didn’t disclose financial terms. 

Founded in 2013, Fexle specialises in Salesforce solutions across sales, marketing, and service cloud. The company serves clients in the US and global markets, offering consulting, implementation, and managed services. 

Xoriant said, it aims to integrate Fexle's architects, consultants, and developers to bolster its offerings in AI-powered digital engineering. By combining Xoriant’s product engineering experience with Fexle’s expertise, the company seeks to deliver high-performance platforms to clients across industries. The acquisition will also help optimise data use and enhance AI capabilities for Xoriant’s customers as digital transformation accelerates, it said. 

Sukamal Banerjee, CEO of Xoriant, said, “Integrating Fexle into Xoriant represents a step in our mission to lead the digital engineering space and enables clients to maximise their returns from the Salesforce platform with the use of AI and other advanced digital engineering technologies.” 

Xoriant provides digital product engineering, software development and technology services to its customers. The company was started in 1990 as TekEdge by Girish Gaitonde, it has offices in US, Europe and Asia. 

ChrysCapital acquired Xoriant in early 2023, at the time the Private Equity (PE) firm said that it planned to boost the company’s revenue to $800 million over the next five to seven years at an annual growth rate exceeding 20%. 

Xoriant struck the acquisition of Thoucentric in August last year and acquired MapleLabs, a Bengluru-based technology solutions provider specialising in cloud infrastructure and DevOps, in February this year.