Read the top headlines from Wednesday, August 31, 2022 below:
Southfield’s Protos Security Acquires ControlByNet
Middle-market private equity firm Southfield Capital announced that Protos Security, a portfolio company offering managed security services, has acquired video monitoring and software solutions provider ControlByNet. In the announcement, Protos noted that the investment represents its “continued commitment to provide clients with a suite of services and technology solutions focused on enhancing their physical security programs,” with the company’s chief revenue officer Peter Platten added that the acquisition allows the business to offer a more tailored approach to security for its clients.
Essex Bay Capital Invests in Employee Experience Software
Essex Bay Capital, a private equity firm targeting small and mid-sized businesses, announced its latest investment in a press release. The company is backing STRIVE, an employee experience solution software provider that offers healthcare, payroll, retirement, and other employee-targeted services for small and medium-sized businesses. In a statement, Essex Bay partner Franklin Foster said its investment in STRIVE will support its efforts to “refine and expand” its growth trajectory, pointing to the opportunity for the company to grow in a market in which employee retention is critical.
Related content: Why Positive Employee Experience is Key for Business Success
Resurgens Technology Partners Backs Software Dev Platform Knack
Resurgens Technology Partners, a private equity firm focused on the software arena, announced its latest investment in Knack, a no-code software development platform. Knack allows users to build custom applications without the requirement of knowing how to write code. The business targets corporate users in a variety of markets, including financial technology, healthcare and manufacturing.
The announcement noted Resurgens’ investment will help Knack expand by adding new product features, growing its development team, enhancing customer support capabilities and optimizing go-to-market strategy. The private equity firm added that it will also support Knack’s M&A strategy for further growth.