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In October 2020, Orlan Davies and John Rochefort teamed up to launch Athenaeum Partners. After two years of searching, they acquired NetSuite’s high-tech partner AppWrap, with investors such as WSC & Company, Milk Street Ventures, and Riviera Capital, among others. Rob Cherun joined the Board of Directors.
Founded in 2015 in Silicon Valley, AppWrap is a trusted leader in NetSuite optimization, implementation, and support for high-growth, PE-backed, and software companies across the U.S. The company combines practical business knowledge with deep technical expertise, including certified NetSuite specialists, CPAs, and integration experts, to help clients maximize their investment in NetSuite and across their broader tech stack. With more than 115 managed services clients, a team of approximately 55 consultants, and a 98% customer retention rate, AppWrap delivers implementation, integrations, and ongoing ERP support as a scalable, seamless extension of its clients’ finance and operations teams.
Armanino, a top-20 accounting and consulting firm in the U.S. and a leader in AI-driven innovation, has just announced the acquisition of AppWrap. The combination expands Armanino’s award-winning NetSuite practice and strengthens its ability to serve the full office of the CFO, from initial strategy and system design through implementation, integration, ongoing optimization, and support. It also creates meaningful cross-selling opportunities across both platforms.
“We chose Armanino because of how closely our values and vision align,” said John Rochefort, Co-CEO of AppWrap. “We’ve always believed that the office of the CFO deserves more than a legacy consulting model. It deserves a technology-forward partner who can automate, optimize, and scale alongside the business. Armanino is that firm. Joining with them accelerates by years what we set out to build, and gives our clients access to the depth and resources of a national firm without losing the relationship-driven model they expect.”
M&A: Envoy Capital Advisors / Legal: Albrecht Law
