RLH and Salesforce Ventures to acquire a majority stake in Astound Commerce.

Riordan, Lewis & Haden, a private equity firm, and Salesforce Ventures, a venture capital firm, agreed to acquire a majority stake in Astound Commerce, a global digital commerce company. Financial terms were not disclosed. “As we came to recognise RLH’s people-focused philosophy and its deep commitment to preserving the culture and operations of the businesses it supports, prioritising talent acquisition and retention, the choice was clear. For the past three decades, RLH has invested in technology business services, healthcare, and government services, in particular seeking out superlative leadership teams with a clear plan for exponential growth,” Michael Kahn, Astound Commerce Global CEO.