Go to deals
Private Equity | TMT

PowerSteering Software, Inc. has been acquired by Silverback Enterprise Group

PowerSteering Software, Inc. (PowerSteering), a leading cloud-based provider of project and portfolio management (PPM) software owned by Advent and Hudson Ventures, has been sold to Silverback Enterprise Group (Silverback), a software acquisition platform backed by Austin Ventures, for an undisclosed consideration.

PowerSteering’s cloud solutions address the complete spectrum of PPM functionality, including IT governance, process and performance improvement, M&A management and new product development.

Headquartered in Austin, Texas, and backed by Austin Ventures, a US$3.9 billion venture capital and growth equity firm, Silverback plans to combine PowerSteering with Tenrox, a new portfolio company in the project workforce management space, to create the largest pure play cloud platform in the enterprise PPM arena.

One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.

Parties

Talk to the deal team

 Jarrad  Zalkin

Jarrad Zalkin

Managing Director
Boston, United States
Oaklins TM Capital

Related deals

Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more
PCI Pal has completed an equity raise
Financial Services | TMT

PCI Pal has completed an equity raise

PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.

Learn more