Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Stromasys, an industry leader in enterprise-class emulation solutions for legacy systems, in its acquisition by Partner One, one of the fastest growing enterprise software conglomerates.
Founded in 1998, Stromasys has revolutionized the field of legacy system modernization, allowing businesses to run their critical applications on modern, secure hardware platforms and on the Cloud, without sacrificing performance or functionality. The company’s flagship product, Charon, is widely recognized as the industry standard for emulation, with support for a wide range of legacy systems.
Partner One’s acquisition marks a major milestone for Stromasys. The financial strength, resources, and expertise of Partner One will enable Stromasys to expand its reach, accelerate its growth, and continue to innovate and deliver world-class emulation solutions to its customers.
“We are excited to welcome Stromasys to the Partner One family,” said Nick Riuma, Principal at Partner One. “Stromasys is a world-class company with a strong track record of innovation and customer service. We are confident that our investment will enable Stromasys to continue to grow and deliver best-in-class solutions to its customers.”
“We are thrilled to join forces with Partner One,” said John Prot, CEO of Stromasys. “Partner One’s investment is a strong vote of confidence in our team, our products, and our vision. Partner One’s support will provide a tremendous growth opportunity for Stromasys and allow us to expand our reach and continue to deliver exceptional value to our customers.”
“We were pleased to assist Stromasys on this transaction as it prepares for its next stage of growth with Partner One. The company is the pioneer in legacy hardware virtualization and remains the dominant platform in the market, helping large enterprises extend the lifecycle of mission critical legacy applications, whether on-prem or in the cloud,” added Matt Riendeau, Managing Director at Cascadia Capital.
Stromasys will continue to operate as an independent company within Partner One’s successful portfolio of enterprise software companies. Stromasys customers can expect the same exceptional value and experience that they have come to expect over the years.
For more information about this transaction, please contact the Cascadia Capital deal team members listed below.