Who we are

We started with a simple insight from our operating and corporate buy-side experience: technology companies do not often get the advice and insight they deserve to achieve optimal exits.

Typical investment banks run a heavy, "one-size-fits-all” process that focuses on selling financials. But many companies have technology, people, and products to offer, not large scale P&L's.

We provide a different breed of investment banking service. One that uses our insight and connections to identify the right buyers and to emphasize opportunity, technology, and talent with a streamlined process to produce rapid results.

What we do

Palmarés principals are registered, licensed investment bankers who focus purely on providing sell-side strategic advisory services to technology companies. We run a structured process to identify corporate and private equity buyers and investors, close deals, and maximize value.



Transaction Values

$10M - $200M


We are San Francisco bay area based serving clients and buyers globally. Half our deals have involved cross-border transactions.


We serve companies broadly in technology with a focus on Cloud Services, Enterprise Software, and Communications.


/palmaʁɛs/ noun 1. list of winners or champions, prize list

We have a track record of success. We can help you add your name to the list of successful transactions.


Clyde Foster is the founder and a Managing Director at Palmarés Advisors. He is a seasoned executive and board member in the mobile and software industries with over 25 years of leadership experience. Clyde was previously the COO of Intellisync, a NASDAQ listed company, and oversaw the operations and sales of Intellisync’s products to leading enterprises, OEMs, and wireless operators. Clyde led the sale of Intellisync to Nokia for $470M and went on to serve as the Vice President of Messaging at Nokia. Prior to Intellisync, Clyde was the president, CEO, and founder of eConvergent Inc, a leading developer of next generation customer data integration software. His enterprise background includes leadership at Aspect Communication and 14 years at IBM where he held a variety of sales and marketing management positions. He has a Bachelor of Science in Math from North Carolina State University. Clyde is a Series 79 and Series 62 & 63 registered investment-banking representative.

Woody Hobbs is a Managing Director at Palmarés Advisors, an advisor to early-stage companies, and an expert at scaling companies. Woody also serves as a board member of Opolis, Inc. and Firepoint Solutions, Inc. Opolis is a new and disruptive marketplace for the recruiting and staffing industry. Firepoint is the fastest growing marketing and client management system for the residential real estate marketplace. Woody has led over fifteen buy and sell side M&A transactions. He has also led funding of venture capital, private equity, public equity, public debt and PIPE transactions. Woody is a seasoned executive in technology and technology-enabled industries with over 30 years of leadership experience. Woody was previously the CEO of Intellisync and Phoenix, both NASDAQ listed companies. Woody was a director and the first CIO of Charles Schwab and has been an interim CEO and CEO advisor for the venture community for about a dozen startups. Woody is a Series 79 and Series 63 registered investment-banking representative.

Andy Kelm is a Managing Director at Palmarés Advisors with over 20 years of product, corporate development and general management experience in wireless, mobility, and cloud services. As a General Manager at Amazon Web Services, Andy built and ran several businesses in the Mobile and IoT cloud services segment and helped to identify and acquire several companies. Prior to Amazon, Andy worked at Nokia as a corporate development and operations executive leading the acquisition of Avvenu, Oz Communications, and Novarra. Andy led the Novarra team and launched the Nokia Xpress mobile web service growing the team to 250 people while growing the user base to more than 100 million active users. Prior to Nokia, Andy worked in product management and engineering roles in software and semiconductor companies including Nokia Networks/RoofTop Communications, S3, Exponential Technology, and Intel. Andy holds a BS in Electrical and Computer Engineering from the University of Wisconsin-Madison and an MBA from the University of California-Berkeley. Andy is a registered Series 79 and Series 63 investment-banking representative.

Korak Mitra is a Managing Director with over 25 years of executive experience in the mobile and software industries, including Vice President roles at Nokia, Intellisync, YellowPages.com, AirFlash, Netscape, and Hewlett Packard. At Intellisync, Korak started and managed the wireless operator sales teams, rapidly growing wireless operator revenues, and leading to Nokia purchasing Intellisync for $470M. While at Nokia, Korak managed the EMEA sales teams which continued to drive Nokia’s messaging software into a large number of EMEA operators. Prior to Intellisync, Korak served as the Vice President of Business Development at YellowPages.com, a leading independent online yellow page provider, which was purchased by AT&T. Prior to YellowPages.com, Korak served as the COO at Airflash, a leading early location based services provider. While at AirFlash, Korak won and deployed location services at several European operators, and then led the sale of AirFlash to a competitor. Prior to AirFlash, while at Netscape, Korak managed and built a wireless operator focused messaging server business generating $100M annually, which was then delivered to Sun Microsystems as part of the acquisition of Netscape by AOL. Prior to Netscape, Korak’s enterprise experience includes a variety of roles in product management and general management at Hewlett Packard in the enterprise server business. Korak has a Bachelor of Science in Engineering from the California Institute of Technology and an MBA from Northwestern University. Korak is a registered Series 79 and Series 63 investment-banking representative.

Connect with us

Palmarés Advisors - Silicon Valley

4695 Chabot Drive Suite 200 Pleasanton, CA 94588

Clyde Foster

+1 (925) 368-4708

Andy Kelm

+1 (650) 996-6383

Korak Mitra

+1 (408) 892-0098

Palmarés Advisors - Denver

Woody Hobbs

+1 (720) 381-2559