Tequity, an M&A advisory firm with an exclusive focus on global enterprise B2B Cloud, SaaS, and IT companies, acted as the exclusive financial advisor to Toronto-based Strongpoint in their acquisition by Netwrix, a cyber security software company headquartered in Irvine. Strongpoint has become a wholly owned subsidiary of Netwrix. The combined entity is majority-owned by growth private equity firm TA Associates.
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Strongpoint’s SaaS solution provides native tools for Oracle NetSuite and Salesforce that make customized enterprise cloud software easier to manage through a comprehensive solution for change management, deployment, system documentation, compliance, and impact analysis. Without sacrificing speed or safety, Strongpoint lets companies make better and faster decisions to keep their systems clean and optimized.
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On working with Tequity, Mark Walker, Strongpoint’s Founder and CEO said, “It was great working with the Tequity team. They have a deep understanding of the SaaS marketplace, particularly as it relates to the Salesforce and Oracle NetSuite ecosystems. Without their strong, practical advice, I don’t think we would have arrived at this point.”
Alex MacKay, Managing Partner at Tequity said, “2021 is going to provide shareholders with very favorable market conditions to explore a transaction. With the shift to work from home and a focus on increased security and efficiency, the demand by buyers for cloud software companies is greater than ever.”
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The post Tequity’s SaaS Client, Strongpoint, Has Been Acquired by TA Associates-Backed, Netwrix Corporation appeared first on WebsiteHost.Review.