Fortra has agreed to sell JAMS to PSG Equity and 2ndWave Software
JAMS
JAMS, a division of Fortra, is a leading workload automation and job scheduling software provider that empowers IT operations teams with robust automation frameworks for orchestrating critical scheduled and triggered processes.
The Deal
Fortra, a portfolio Company of TA Associates, Charlesbank Capital Partners and Harvest Partners, is currently focused on providing a unified suite of cyber and data security solutions under a unified go-to-market (GTM) motion. Fortra engaged Lincoln to find a partner that could support JAMS, which services a distinct use case from Fortra’s core cyber solutions, in its next phase of growth. Lincoln ran a targeted, competitive process to complete the corporate carve-out, ensuring speed, certainty and favorable terms while maximizing value. This investment by PSG Equity will empower JAMS to accelerate its product innovation and its expand market reach under the operational and strategic expertise of 2ndWave Software.
Our Perspective
Scott Twibell, Lincoln Internation Managing Director and global co-head of Lincoln’s Technology Group who led the transaction, commented, “We’re proud to have partnered with the Fortra / JAMS team and PSG Equity on this impactful transaction. JAMS’s market-leading WLA platform combined with PSG Equity’s proven ability to nurture and scale software businesses will position JAMS for continued success.”
Fortra
Fortra provides advanced offensive and defensive security solutions that deliver comprehensive protection across the cyber kill chain. With complete visibility across the attack chain, access to threat intelligence spanning the globe and flexible solution delivery, Fortra customers can anticipate criminal behavior and strengthen their defenses in real time. Break the attack chain at www.fortra.com.
TA Associates
TA Associates (TA) is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across five target industries: technology, healthcare, financial services, consumer and business services. Leveraging deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. To learn more about TA Associates, visit www.ta.com.
PSG Equity
PSG Equity (PSG) is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 130 companies and facilitated over 460 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel Aviv. To learn more about PSG, visit www.psgequity.com.
This transaction marks the 11th time we’ve worked with the Lincoln team on a deal. Lincoln paired their deep knowledge of the workload automation sector with their strong sponsor relationships and outstanding execution support to conduct an efficient process that culminated in finding an excellent partner in PSG Equity and 2ndWave Software. We look forward to finding more ways to work with Lincoln again in the future.
Meet our Senior Team
I believe that open dialogue, thoughtful advice and dedicated execution are the keys to driving client success and forging lasting relationships.
Scott Twibell
Managing Director & Global Co-head, Technology
New York
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.