BOSTON--(BUSINESS WIRE)--Audax Group has completed the sale of Help/Systems, LLC (“Help/Systems”) to Summit Partners. Headquartered in Eden Prairie, Minnesota, Help/Systems is a leading provider of data center automation, security and business intelligence solutions for IBM i, Unix, Linux and Windows operating systems. Help/Systems delivers products and services that help address powerful IT growth trends including an increased focus on automating IT management, virtualization, the rapid growth of data that requires processing and analyzing, and the increased need for security and network management. Audax, together with management, acquired Help/Systems in September 2007 and subsequently sourced and integrated five add-on acquisitions, introduced three new product lines, and grew the company through international expansion.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said: “The Help/Systems management team did a terrific job working with us to build the company through add-on acquisitions and product diversification. These initiatives positioned Help/Systems to become a leading provider of systems management solutions. We wish Janet and her team continued success.”
Janet Dryer, President and CEO of Help/Systems, said: “Audax Group was a great partner for us. Their experience sourcing and integrating add-on acquisitions and expanding middle-market companies internationally was essential as we built Help/Systems into a leading player within our market.”
Harris Williams & Co. advised Help/Systems. Ropes & Gray LLP served as counsel to Help/Systems.
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has raised in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital. For more information visit the Audax Group website www.audaxgroup.com.