Resurgens Technology Partners has acquired Assurance Software from Sungard AS. No financial terms were disclosed. JMP Securities LLC represented Sungard AS on the deal. Based in Wayne, Pennsylvania, Assurance Software helps businesses develop business continuity programs.
ATLANTA & WAYNE, Pa.–(BUSINESS WIRE)–Resurgens Technology Partners has acquired the Assurance Business Continuity Management Planning (BCMP) software business from Sungard Availability Services (Sungard AS) in a transaction that positions Assurance for further growth and expansion of its market leadership position.
“Assurance is already well positioned with over 650 global customers using its SaaS platform in a wide-open BCMP market,” said Adi Filipovic, Principal and Co-Founder of Resurgens. “As a standalone entity, coupled with our focus and expertise in developing software businesses, Assurance will further establish itself as the go-to solution for lowering risk, improving resilience and better managing business continuity.” The new company will retain the name Assurance Software and the website url www.assurancesoftware.com.
Assurance helps businesses develop an end-to-end business continuity program, including business impact analysis, incident management, disaster recovery planning and reporting and emergency notification management. The Assurance Continuity Management offering, whose foundation relies on more than a decade of collaborating with customers on some of the most complex and demanding business continuity challenges across the globe, has been completely replatformed to become a state-of-the-art, multi-tenant SaaS solution utilized by the Assurance Software customer community.
The new SaaS platform combined with dozens of additional product updates over the last several years, allows users to better execute disaster recovery plans and communicate among team members.
“Assurance is as focused as ever on driving business continuity through increased engagement, greater effectiveness and more comprehensive awareness,” said Craig Potts, newly appointed CEO of Assurance Software. “The transition will be seamless for customers, and will allow us to focus on further enhancing the software and services offerings to meet users’ needs.”
The same talent that has been continually improving and refining Assurance Software will continue to do so. Customers will retain their current points of contact to ensure a smooth transition. Assurance’s dedicated sales and marketing team will continue to propel the company’s growth, with Resurgens Technology Partners supporting those efforts.
“Resurgens’ software specialty is the right fit to help the Assurance team build on its successes to date,” said Andrew A. Stern, Chief Executive Officer of Sungard AS. “While we’ve continued to support the team’s investments to better serve our software customers, the focus of our investments is on partnering with our customers to transform their production and recovery IT environments for business resiliency.”
Sungard AS was represented by JMP Securities LLC.
About Resurgens Technology Partners
Resurgens Technology Partners is an Atlanta-based private equity investor focused on partnering with software and technology-enabled businesses located throughout North America. The firm is a true partnership of experienced investors and operators, uniquely committed to delivering exceptional operating support to our growing portfolio of enterprise technology businesses. The Resurgens founders have worked with and for some of the most highly regarded private equity firms in the industry, and are committed to building an entrepreneurial and differentiated investment firm with an “operator first” mindset. For more information, please visit www.resurgenstech.com.
About Assurance Software, Inc.
Assurance Software, Inc. helps businesses stay up and running when disaster strikes. Its end-to-end business continuity management software goes beyond simple compliance to break down barriers to communication and collaboration. With Assurance, businesses can increase efficiencies, mitigate risk, manage recovery, and safeguard their employees, environment and operations. Assurance Software is headquartered in Wayne, Pennsylvania. For more information, visit www.assurancesoftware.com.
About Sungard Availability Services
Sungard Availability Services (“Sungard AS”) is a leading provider of critical production and recovery services to global enterprise companies. Sungard AS partners with customers across the globe to understand their business needs and provide production and recovery services tailored to help them achieve their desired business outcomes. Leveraging more than 35 years of experience, Sungard AS designs, builds and runs critical IT services that help customers manage complex IT, adapt quickly and build resiliency and availability. Visit Sungard Availability Services at www.sungardas.com or call 1-800-468-7483. Connect with us on Twitter, LinkedIn and Facebook.