• All
  • Transaction Details
Technology Services | Mergers & Acquisitions

PowerSteering Software Acquired by Silverback

  • TM Capital served as exclusive financial advisor to PowerSteering Software, a leading cloud-based provider of project and portfolio management (PPM) software owned by Advent and Hudson Ventures
  • After a comprehensive sales process, TM Capital negotiated the sale of PowerSteering to Silverback Enterprise Group, a software acquisition platform backed by Austin Ventures
  • PowerSteering’s cloud solutions address the complete spectrum of PPM functionality, including IT Governance, Process and Performance Improvement, M&A Management and New Product Development
  • Silverback plans to combine PowerSteering with Tenrox, a new portfolio company in the Project Workforce Management space, to create the largest pure-play cloud platform in the enterprise PPM arena

See Press Release

a portfolio company of

has been acquired by

PowerSteering Software Acquired by Silverback

TM Capital advised PowerSteering, a leading cloud-based provider of project and portfolio management software, in its sale to Silverback Enterprise Group

Details

For more information, contact our technology services team at:

consumer@tmcapital.com

Client Testimonial

TM Capital was instrumental in leading us to a successful transaction. From the onset it was clear that their software industry expertise would help position us favorably with the best acquirers. We were thoroughly impressed with their support, commitment, and tenacity throughout the process.”