The Yael Group Has Acquired CloudTech in a Deal Worth Millions of Shekels (Official PR Statement)

May 14, 2018

The acquisition is intended to strengthen the Group’s presence in the organizational IT and core solutions market and will expand the solution portfolio offered by the Group in the field of Cloud computing and Salesforce services

The Yael Group announced today it has acquired CloudTech. The acquisition is intended to strengthen the group’s presence in the organizational IT and core solutions market. This move is part of Yael’s growth strategy and is intended to expand the range of solutions offered by the Group in the cloud computing services field in general, and Salesforce in particular.

CloudTech provides professional services (consultation, development, and integration) on the Salesforce Platform, and is a Salesforce gold partner. The company was established in 2012 by Mr. Avi Avisror, the Founder & CEO and employs about 40 workers and is based in Ra’anana.

The company’s clients include Sisense, Zerto, ironSource, the Tidhar Group, Hahistadrut Haleumit (National Trade Union), ALYN Hospital, and has recently won tenders published by the Prime Minister’s Office – ICT authority, Ministry of Justice, YEDA fund, and others.

CloudTech has entered into several partnerships with Salesforce: it serves as a systems integrator and a Salesforce gold partner for Salesforce solutions. In addition, it develops custom products for companies wishing to offer their solutions to Salesforce clients worldwide (PDO), as well as serving as an independent software vendor (ISV) for complementary solutions, via the Salesforce AppExchange.

Doron Gigi, the CEO of the Yael Group, stated: “Since its inception, CloudTech has operated and grown while ensuring client satisfaction, high work quality, a striving for excellence and first-rate service – values that serve as our guiding principles and match the Yael Group’s organizational DNA. We believe in the company’s work, its management team and workers, and are convinced that this addition will constitute an important contribution to both sides, providing mutual prosperity, growth, and synergy.

Avi Avisror, the Founder & CEO of CloudTech, stated: “We are proud and excited to be joining the Yael Group. CloudTech will continue working and functioning as an independent unit under the auspices of the Yael Group, and I will continue driving and leading the Salesforce activities in the group, offering all our clients professional services, as we have done to date. In addition, we believe that the union with the Yael Group will enable mutual growth, and the expansion of the range of Salesforce solutions offered to the Group’s Israeli enterprise clients and public sector.”

Olvier Elbaz, Regional Vice President of Sales, Israel at Salesforce added: "This collaboration will continue to bring expertise to our ecosystem and is a great example of how companies are turning to Salesforce to grow their business. We look forward to continuing our close working partnership with Yael Group as they strengthen their partnership with Salesforce."

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About the Yael Group

The Yael Group is one of the leading IT companies in Israel, specializing in technology-based business solutions through implementation and integration of a wide range of world-class software and hardware products. Among the group’s activities are integration projects, implementation of ERP and CRM systems, integration of financial solutions, BI and analytics, cloud solutions, digital solutions, content management and data security. All this in addition to Yael’s extensive experience in providing outsourcing, consultation, and training services.

For further details: Yael Software Group public relations:

Idit Rosenberg – Rimon Cohen & Co. 052-8527125

Posted in:  Yael Group    CloudTech    PR    Salesforce    acquisition