TURN/RIVER CAPITAL


Associated tags: Software as a service, Automation, Advanced Systems Concepts, Inc., Sequoioideae, Online shopping, PricewaterhouseCoopers, Orrick

Locations: SAN FRANCISCO

Turn/River Capital Recognized as a Best Place to Work by the San Francisco Business Times and Silicon Valley Business Journal

Retrieved on: 
Tuesday, May 2, 2023

SAN FRANCISCO, May 02, 2023 (GLOBE NEWSWIRE) -- Today, Turn/River Capital announced its recognition as a Best Place to Work by the San Francisco Business Times and Silicon Valley Business Journal.

Key Points: 
  • SAN FRANCISCO, May 02, 2023 (GLOBE NEWSWIRE) -- Today, Turn/River Capital announced its recognition as a Best Place to Work by the San Francisco Business Times and Silicon Valley Business Journal.
  • This recognition reflects Turn/River’s commitment to creating a welcoming work environment where employees are highly valued.
  • “We look for software builders, inventors, and changemakers who are committed to doing good by our portfolio companies.
  • I'm proud to see our team honored as a Best Place to Work and I look forward to having more individuals join our mission."

Redwood Software Acquires Cerberus to Extend Leadership in Delivering Secure File Transfer Automation Solutions

Retrieved on: 
Wednesday, February 1, 2023

FRISCO, Texas, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Redwood Software, the industry leader in full stack automation, today announced its acquisition of Cerberus, a leading secure file transfer provider that serves some of the largest global organizations.

Key Points: 
  • FRISCO, Texas, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Redwood Software, the industry leader in full stack automation, today announced its acquisition of Cerberus, a leading secure file transfer provider that serves some of the largest global organizations.
  • Following Redwood’s recent acquisition of enterprise workload automation provider Tidal Software , Cerberus further adds to Redwood’s comprehensive automation and managed file transfer portfolio, which also includes RunMyJobs, ActiveBatch and JSCAPE.
  • Along with JSCAPE, Redwood’s enterprise managed file transfer (MFT) solution, Redwood is able to serve the broadest range of secure managed file transfer use cases.
  • Expanding Redwood’s automation footprint in the technology, financial services, healthcare and public sectors – Cerberus provides secure file transfer solutions to many global organizations in these industries, including Lenovo, NASA, National Health Service, PwC, Sodexo and SpaceX.

Redwood Software Acquires Tidal Software, Further Enhancing its Leadership in Full Stack Enterprise Automation

Retrieved on: 
Thursday, January 5, 2023

FRISCO, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Redwood Software, the industry leader in full stack automation, today announced its acquisition of Tidal Software, a leading enterprise workload automation provider.

Key Points: 
  • FRISCO, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Redwood Software, the industry leader in full stack automation, today announced its acquisition of Tidal Software, a leading enterprise workload automation provider.
  • By joining forces, it also builds on Redwood and Tidal’s shared commitment to being laser-focused on automation, innovation and customer success.
  • “Our acquisition of Tidal is another significant milestone in Redwood’s journey to unleash human potential through the power of automation,” said Redwood Software CEO Kevin Greene.
  • “Redwood and Tidal coming together is a win for our customers, partners and employees,” said Tidal Software CEO Rick McNees.

Tufin Enters Into Definitive Agreement to be Acquired by Turn/River Capital in a $570 million Transaction

Retrieved on: 
Wednesday, April 6, 2022

Since our inception nearly 20 years ago, we have made significant strides in developing our policy-based automation solution and have become a market leader.

Key Points: 
  • Since our inception nearly 20 years ago, we have made significant strides in developing our policy-based automation solution and have become a market leader.
  • We believe Turn/River Capital is the ideal partner for Tufin as the Company makes further progress to a subscription-based revenue model, said Tom Schodorf, the Lead Independent Director of the Tufin Board of Directors.
  • We are confident this transaction with Turn/River will allow Tufin to accelerate this transition, expand to new markets, and reach new customer segments.
  • It offers flexible capital and tailored, data-driven operational support for growth capital, founder liquidity, buyouts, spin-outs, and recapitalizations.

Redwood Software and Advanced Systems Concepts, Inc. (ASCI) Join Forces, Extending Leadership in Business and IT Process Automation

Retrieved on: 
Wednesday, February 23, 2022

FRISCO, Texas, Feb. 23, 2022 /PRNewswire/ --Redwood Software and Advanced Systems Concepts, Inc. (ASCI) leaders in business and IT process automation today announced their merger and the addition of several new senior executives to its leadership team.

Key Points: 
  • FRISCO, Texas, Feb. 23, 2022 /PRNewswire/ --Redwood Software and Advanced Systems Concepts, Inc. (ASCI) leaders in business and IT process automation today announced their merger and the addition of several new senior executives to its leadership team.
  • ASCI's ActiveBatch and JSCAPE products will continue as distinct brands of Redwood Software, together with Redwood Software's leading cloud-based platform, RunMyJobs, the only workload automation solution specifically designed for the cloud.
  • "We see a huge untapped opportunity in the automation market that Redwood Software serves," said Matt Amico, a Turn/River principal and member of the Redwood Board of Directors.
  • To learn more about Redwood Software and their products, visit: https://www.redwood.com/
    Redwood Software delivers IT, finance and business process automation to help modern enterprises excel in the digital age.

Invicti Security Appoints Michael George as CEO

Retrieved on: 
Thursday, November 18, 2021

AUSTIN, Texas and BOSTON, Nov. 18, 2021 /PRNewswire/ -- Invicti Security today announced technology leader Michael George has joined the company as CEO to lead the company's next chapter of growth through global expansion.

Key Points: 
  • AUSTIN, Texas and BOSTON, Nov. 18, 2021 /PRNewswire/ -- Invicti Security today announced technology leader Michael George has joined the company as CEO to lead the company's next chapter of growth through global expansion.
  • Invicti brings security and development teams together to help organizations secure their web applications and protect customer and company data from breach.
  • George succeeds current CEO Ferruh Mavituna, who will take on a focused role as Strategic Advisor, helping to keep Invicti on its steep innovation curve and ahead of the market.
  • A global leader in web application security for more than 15 years, Invicti provides dynamic and interactive application security products to help organizations in every industry scale their overall security operations, make the best use of their security resources, and engage developers to improve their overall security posture.

Invicti Security Announces $625 Million Growth Investment Led by Summit Partners

Retrieved on: 
Wednesday, October 20, 2021

AUSTIN, Texas and BOSTON, Oct. 20, 2021 /PRNewswire/ -- Invicti Security , a global leader in application security testing, today announced that it has signed a definitive agreement for a $625 million investment led by global growth equity investor Summit Partners .

Key Points: 
  • AUSTIN, Texas and BOSTON, Oct. 20, 2021 /PRNewswire/ -- Invicti Security , a global leader in application security testing, today announced that it has signed a definitive agreement for a $625 million investment led by global growth equity investor Summit Partners .
  • Summit will join forces with Turn/River Capital , which first invested in Invicti in 2017 and will remain a significant shareholder going forward.
  • "We are absolutely thrilled to welcome Summit for this next chapter in our company's growth," said Invicti founder and CEO Ferruh Mavituna.
  • Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare and other growth industries.

ActiveState Raises Strategic Investment to Accelerate Its Vision for Modern Security-First Software Development

Retrieved on: 
Friday, January 29, 2021

ActiveState Software Inc. (ActiveState) announced today that it has secured a strategic investment from Turn/River Capital , a leading technology-focused growth equity firm.

Key Points: 
  • ActiveState Software Inc. (ActiveState) announced today that it has secured a strategic investment from Turn/River Capital , a leading technology-focused growth equity firm.
  • The investment will accelerate product development and market expansion for ActiveStates unique software dependency, build, and risk management platform.
  • While open source is a boon for enterprises, its decentralized nature places a heavy burden on development, security, and compliance teams.
  • The Platform includes the proactive security resolution and advanced build, package, and policy management features needed for modern software development.

Turn/River Capital Raises $420 Million Fund IV

Retrieved on: 
Monday, February 3, 2020

Turn/River Capital , a technology growth equity and buyout firm, today announced that it has successfully raised its fourth fund, Turn/River Capital IV (Fund IV).

Key Points: 
  • Turn/River Capital , a technology growth equity and buyout firm, today announced that it has successfully raised its fourth fund, Turn/River Capital IV (Fund IV).
  • The $420 million Fund IV was oversubscribed and was completed with a single closing for institutional investors in less than 90 days.
  • With Fund IV, Turn/River Capital currently has over $700 million in assets under management.
  • With Fund IV, Turn/River aims to continue to execute its strategy of investing in growing, efficient technology companies.

ASCI Raises Strategic Investment to Accelerate Expansion of Leading Workload Automation Solution, ActiveBatch®

Retrieved on: 
Thursday, November 14, 2019

Advanced Systems Concepts, Inc (ASCI) announced today that it has secured a strategic investment from Turn/River Capital , a leading technology-focused growth equity firm.

Key Points: 
  • Advanced Systems Concepts, Inc (ASCI) announced today that it has secured a strategic investment from Turn/River Capital , a leading technology-focused growth equity firm.
  • The investment will be used to accelerate product development and market expansion for ASCIs flagship product, ActiveBatch.
  • ASCI was founded in 1981 by Ben Rosenberg and has been a pioneer in the IT Automation space for over three decades.
  • Since 1981, ASCI has developed products across markets, including ActiveBatch, a recognized leader in Workload Automation.