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.

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.

Ken Rousseau is a Managing Director with over 20 years of executive experience in the software and semiconductor industries. Starting off in the aerospace industry, Ken has had a variety of product development and executive roles ranging from individual technical contributor to engineering fellow on the technology side, and management roles from first-level manager to president on the executive side. Most recently, he led product development for a $100M+ product at Synopsys, a leading EDA vendor, delivering 6 consecutive years of revenue growth across the last major recession. During his operating career, Ken worked on multiple acquisition cases across several domains.  Ken has a B.S. degree in Physics & Literature from the California Institute of Technology, and a Ph.D. in semiconductor physics from UCLA. Ken 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.

Mark Anderson is a Managing Director at Palmarés Advisors and brings over 20 years of experience both as a large company executive and start-up Founder/CEO in Consumer, Mobile, Digital Media and Enterprise market segments. Most recently, Mark was co-founder and CEO of Speak Music, a voice powered AI company.  Prior to Speak Music, Mark was CEO of HipLogic where he led the company through its exit to Zynga, and then subsequently grew Mobile Ad revenue at Zynga by almost 20x in one year. Prior to HipLogic/Zynga, Mark was SVP of Corporate and Business Development at Snap One where he successfully integrated 4 target companies and grew revenue 10x.  Prior to his start-up experience, Mark was VP of Enterprise at Ericsson where he worked with top executives from Apple, Google and YouTube in the early days of mobile internet services.  Mark’s earlier career was in Sales leadership at Polycom, Glu Mobile and Vialto/Cisco. Mark holds a BA in Advertising from SJSU and completed Executive programs in International Business and Leadership at UCLA and Duke University. Mark is a registered Series 79 and Series 63 investment-banking representative.

Carsten is a Managing Director at Palmarés Advisors and brings over 25 years of operating and leadership experience. Carsten has been a CEO of private, VC-funded companies as well as public companies and has led multiple acquisitions and exits. Most recently, Carsten was CEO of Core Network Dynamics where he led the company through its exit to Twilio. Prior to CND, Carsten was CEO of VC-funded Movirtu, which he led through turn-around and exit to Blackberry, and then continued as SVP Enhanced Network Services at Blackberry developing virtual SIM solutions for mobile operators. Before joining Movirtu, Carsten was CEO of Synchronica, a public company listed on the London Stock Exchange. Before starting Synchronica, Carsten was founder and CEO of Weblicon, a VC-funded technology company providing mobile Email and synchronization solutions. Prior to his startup- and scale-up experience, Carsten worked for SAP and Apple in software development and developer training roles.

Connect with us

Clyde Foster

+1 (925) 368-4708

Andy Kelm

+1 (650) 996-6383

Mark Anderson

+1 (415) 999-9101

Carsten Brinkschulte


Korak Mitra

+1 (408) 892-0098

Ken Rousseau

+1 (408) 218-5896

4695 Chabot Drive Suite 200 Pleasanton, CA 94588