Tequity 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.
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.
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 Net Suite ecosystems. Without their strong, practical advice, I don't think we would have arrived at this point." See more of Mark Walker's comments on his experience here https://youtu.be/PuYWtkBr424
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.”
About Strongpoint
Strongpoint develops documentation, optimization, change management and governance solutions for Salesforce and Oracle NetSuite. Strongpoint automatically documents everything and maintains the core documentation describing each customization. The solutions make heavily customized enterprise software easier to manage, with industry-leading, award-winning tools. www.strongpoint.io
About Netwrix
Netwrix is a cyber security company that makes compliance and data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. Netwrix is backed by TA Associates, a leading growth private equity firm. www.netwrix.com
