Press Release

Congruent Solutions Chooses Catalincs Partners to Accelerate Growth and Enhance Value to Stakeholders

Issued by Congruent

Oct. 18, 2023

Embraces an innovative outcome-based model, linked to strong revenue growth and valuation

Burlington, MA -- Catalincs Partners, a growth advisory firm, today announced that Congruent Solutions, a fast-growing U.S. retirement plan administration software and services provider, has chosen Catalincs to accelerate growth and enhance value to its stakeholders.

Congruent provides end-to-end retirement lifecycle solutions to large and mid-sized U.S. plan providers, record keepers, and third-party administrators (TPAs) using its cloud-native enterprise record keeping suite of products called “CORE” and business process solutions focused on players that are transitioning to a business-process-as-a-service (BPaaS) model. Sanaka Capital, a leading mid-market focused private equity fund, recently made a significant investment in Congruent Solutions.

“Our investments in the CORE suite of modular solutions positions us well to tap deeper and broader into the US retirement industry, enabling clients to mitigate risks, drive higher levels of client retention and user experience, and meaningfully increase savings,” said Bala Jayaraman, President and CEO, Congruent. “Given the large market opportunity, it was strategic for us to have access to not only growth capital but also to growth-oriented advisory partners to help us harness this addressable opportunity. Catalincs is an excellent fit for Congruent as they are a team of practitioners with complementary capabilities who have built, nurtured, and shaped billion-dollar businesses ground-up with an attractive commercial model that is based on value delivered.”

“We are delighted to partner with Congruent which has a razor-sharp focus on the U.S. retirement industry, which is undergoing significant transformation, driven by regulations, evolving customer preferences, and increasing focus on data privacy,” said Ramkumar Ramamoorthy, Partner, Catalincs. “The strong leadership team, consistent track record of performance, impressive levels of governance and hunger for rapid growth, made Congruent a natural fit for Catalincs to deliver accelerated growth and enhanced value to its clients, employees and investors.”

Catalincs will engage with Congruent using its proprietary “Grow First, Pay Later” model. In this success fee-based model, Catalincs will earn its upside and rewards if and only if it enables Congruent to accomplish the strong revenue and margin growth and valuation milestones agreed upon during the commencement of the engagement.

About Congruent Solutions

Congruent Solutions is a software technology and outsourced plan administration provider to the Retirement Plan industry in the US. For over two decades, Congruent Solutions has been helping Plan Providers, Record keepers and Third-Party Administrators (TPAs) to provide great CX to Plan Sponsors and Plan Participants.

About Catalincs Partners

Catalincs works as a 360° transformation partner, enabling technology companies to reimagine their business, operating and financial models to drive superior business value. The Partners, with a cumulative experience of over 200 years in building some of the largest technology companies and business portfolios in the world, coach and advise CEOs and their leadership teams on all aspects of business, enabling them to catalyze value, increase revenue and margins, and drive superior customer and employee satisfaction.

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