Updata Advisors has promoted Joel Strauch to partner. He will continue to lead the firm's software practice, where he recently advised SwapDrive on its acquisition by Symantec.
Updata Advisors, Inc., a leading investment bank for the information technology industry, announced today that Joel Strauch has been promoted to Partner. Strauch leads Updata's infrastructure software practice and most recently advised SwapDrive, a leading provider of online backup and storage solutions, in its acquisition by Symantec. He has also recently led a buy-side engagement for Versata Enterprises which has resulted in three acquisitions over the last six months. Since joining Updata, Strauch has also played a key role in advising other clients of the firm including Diversified Software, Critical Path, Proxima Technology and others.
“Joel is an experienced advisor to our clients who offers significant knowledge of value drivers, strategic developments and technological trends for companies that participate in areas such as IT operations and management, storage and application infrastructure,” said Ira Cohen, Managing Partner of Updata Advisors. “The combination of his breadth of experience and a hands-on approach has contributed to his past achievements and makes him well-suited to lead Updata's Infrastructure Software practice as that sector undergoes rapid change and continues to experience high levels of M&A activity.”
Strauch joined Updata Advisors in 2005 bringing significant experience both in investment banking and in advising high growth technology companies, having completed more than 50 transactions with aggregate value in excess of $4 billion. Prior to Updata he held a number of senior level investment banking positions at technology focused investment banking firms including Katalyst, First Albany Corporation, H.C. Wainwright & Co., and Alex. Brown & Sons. Over his twelve years with these firms, Strauch advised technology clients on mergers and acquisitions as well as public and private equity financings. He also spent several years with Edison Mission Energy arranging project financing for international independent power projects.
About Updata Advisors
Based in New York, New York and Reston, Virginia, Updata Advisors is a leading investment bank specializing in mergers, acquisitions, private placements, fairness opinions and corporate restructurings for the information technology industry. Updata creates greater outcomes for clients measured in growth, innovation and shareholder value. Since 1987, the firm has advised on over $15 billion in transactions for application and infrastructure software, internet, security and IT services companies. Updata Advisors is perennially ranked among the top five advisors in transaction volume to companies in the Computer Software, Supplies & Services industry, according to Factset Mergerstat. For more information, visit www.updataadvisors.com