Autotask Corp., a portfolio company of Vista Equity Partners, has agreed to buy Soonr. Financial terms weren’t announced. Soonr provides enterprise secure file sharing and collaboration services for IT business managers. The Jordan, Edmiston Group Inc. advised Soonr.
New York, NY, July 29, 2015 – Autotask Corporation, the worldʹs leading provider of hosted IT business management technology, has agreed to acquire Soonr, a leading provider of enterprise secure file sharing and collaboration services for IT business managers. Soonr offers a file sharing and synchronization (FSS) solution with enterprise‐grade functionality in a hybrid‐cloud environment. The Soonr solution improves business continuity and reduces risk through better security, flexibility, productivity and collaboration of end‐client data.
The Jordan, Edmiston Group, Inc. (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech‐enabled services sectors, headquartered in New York, NY, represented Soonr in this transaction.
“Autotask delivers innovative offerings that manage mission‐critical business processes for our customers. This acquisition fits perfectly within that objective and represents a significant managed services’ revenue opportunity for all MSPs and ITSPs,” said Mark Cattini, President and CEO of Autotask.
“FSS is a fundamental element of business continuity that ITSPs are expected to provide.
Soonr provides a HIPAA‐ compliant, SaaS solution with 99.99 percent uptime that is IT‐approved, easy to deploy, and simple to use.” As enterprises look for secure ways to manage their data with administrator controls, Soonr has been designed specifically to address these requirements and offers significant advantages over consumer‐based products, such as enterprise‐grade configurable security, collaboration capabilities and data privacy certifications.
Soonr improves the end‐client experience and increases loyalty by enabling technology service providers to securely and effectively manage valuable data flows. “Autotask provides IT business management software that allows customers to deliver technology services more efficiently,” said Ahmet Tuncay, CEO of Soonr.
“We are thrilled to be part of the Autotask team and to enable Autotask’s end‐clients to improve productivity with better mobility and data protection assurance.” For additional information about the acquisition, go to http://www.autotask.com/soonr.
About Soonr Founded in 2005, Soonr is headquartered in Silicon Valley, California, with an additional office in Denmark.
Soonr’s mission is to make organizations more productive and competitive by securely connecting office and mobile workers and their critical information.
Soonr file sharing and collaboration services have been in commercial production since early 2007 without a single security breach or a data loss incident. For more information, visit www.soonr.com. About Autotask Corporation Autotask Corporation helps IT organizations worldwide work smarter with a complete, cloud‐based IT business management platform that enables efficiency, accountability and access to the metrics that drive intelligent business decisions. With built‐in best practices and workflow automation, Autotask speeds time to revenue while continually improving service delivery. Autotask is available in seven languages and used in over 90 countries. Headquartered in New York, Autotask has offices in Beijing, Chicago, Dallas, London, Los Angeles, Munich and Sydney. For more information, visit www.autotask.com.
About The Jordan, Edmiston Group, Inc. The Jordan, Edmiston Group, Inc. (JEGI) has been the leading independent investment bank for the global media, information, marketing, software and tech‐enabled services sectors for nearly 28 years. Headquartered in New York, with offices in Boston and Atlanta, as well as affiliates in London and India, JEGI has completed over 500 high‐profile M&A transactions, serving global corporations; middle‐market and emerging companies; entrepreneurial owners and founders; and private equity and venture capital firms. For more information, visit www.jegi.com.