Evonence

Canaccord Genuity Advises Evonence on its Strategic Majority Acquisition by Seroda Ventures and Merger with Cloudnyx.ai

Canaccord Genuity has advised Google Cloud pure-play consulting firm Evonence on its strategic majority investment from Seroda Ventures, a premier technology investment and incubation firm. As part of the transaction, Evonence will merge with Cloudnyx.ai, a Seroda-incubated system integrator with deep expertise in Google Cloud.

Founded in 2014 and headquartered in Columbus, Ohio, Evonence is a Google Cloud partner specializing in delivering end-to-end Google Cloud solutions. The company has successfully completed more than 1,000 projects across diverse industries, including healthcare, retail, e-commerce, finance, manufacturing, and business services.

Cloudnyx.ai is a Google Cloud boutique specializing in enterprise AI modernization and cloud-native transformation. The company helps organizations modernize infrastructure, operationalize AI, and accelerate innovation across the enterprise. With deep expertise in data engineering, MLOps, governance, and GenAI integration, Cloudnyx.ai delivers end-to-end solutions that turn complex cloud and AI initiatives into lasting business outcomes.  

Vijay Shah, founder and CEO of Evonence, will lead the newly combined entity as CEO, operating under the Cloudnyx.ai brand. The combination brings together Evonence's proven execution at scale – spanning 1,500+ clients, 100+ engagements, and more than 150,000 Workspace users – with Cloudnyx.ai's innovation-first approach to generative AI, agentic productivity, and orchestrated API architectures centered on Google Cloud.  

This move further reinforces Seroda Ventures' commitment to building next-generation service providers in high-growth cloud ecosystems. Seroda's proven track record of scaling boutique systems integrators will elevate both Cloudnyx.ai’s brand and its ability to execute for the next phase of growth.