Read the headlines from Wednesday, August 31, 2022 below:
Southfield’s Protos Security acquires ControlByNet
Mid-market private equity firm Southfield Capital has announced that Protos Security, a portfolio company offering managed security services, has acquired video surveillance and software solutions provider ControlByNet. In the announcement, Protos noted that the investment represents its “ongoing commitment to providing customers with a suite of technology services and solutions focused on enhancing their physical security programs,” and the company’s chief revenue officer , Peter Platten, added that the acquisition allows the company to offer a more tailored approach to security for its customers.
Essex Bay Capital invests in employee experience software
Essex Bay Capital, a private equity firm targeting small and medium-sized businesses, announced its latest investment in a press release. The company backs STRIVE, an employee experience solutions software provider that offers healthcare, payroll, retirement and other targeted employee services for small and medium-sized businesses. In a statement, Essex Bay partner Franklin Foster said its investment in STRIVE would support its efforts to “refine and extend” its growth trajectory, underscoring the opportunity for the company to expand in a market where the employee retention is essential.
Related content: Why a positive employee experience is key to business success
Resurgens Technology Partners Support the Knack Software Development Platform
Resurgens Technology Partners, a software-focused private equity firm, announced its latest investment in Knack, a no-code software development platform. Knack allows users to create custom applications without needing to know how to write code. The company targets professional users in a variety of markets, including fintech, healthcare and manufacturing.
The announcement noted that Resurgens’ investment will help Knack grow by adding new product features, expanding its development team, improving customer support capabilities, and optimizing go-to-market strategy. The private equity firm added that it would also support Knack’s mergers and acquisitions strategy to continue its growth.
