Leading enterprise software, growth equity fund aims to invest further in PPM’s continued expansion and market penetration. PPM 2000, the industry’s leading authority on incident management, has been acquired by Klass Software (“Klass”), the acquisition group of Klass Capital, a leading enterprise software, growth equity fund headquartered in Toronto, Ontario.
Leading enterprise software, growth equity fund aims to invest further in PPM's continued expansion and market penetration
PPM 2000, the industry's leading authority on incident management, has been acquired by Klass Software (“Klass”), the acquisition group of Klass Capital, a leading enterprise software, growth equity fund headquartered in Toronto, Ontario.
Effective immediately, Will Anderson, the CEO of Klass Software, is now the CEO of PPM. Elaine O'Sullivan and Brian McIlravey will continue with the company as President and Executive Vice-President, respectively.
“PPM‘s innovative incident management solutions are one of the cornerstones driving today's new security models built on real-time analysis and incident prevention,” said Anderson. “With the strategic and financial backing of Klass, PPM will further improve on the successful growth that the company has experienced since its founding in the rapidly evolving professional security market.”
“As the founders of PPM pass the torch to the company's new owners, it's about strengthening PPM as a technology company,” said O'Sullivan. “We look forward to accelerating innovation, pursuing new markets, and delivering more incident management options to our clients. Added McIlravey, “Klass is a great fit for PPM, and the right company to take us to the next level. We're excited about a future focused on expanding PPM's incident management portfolio with complimentary technology and services.”
The company will continue to operate as PPM, and their head office will remain in Edmonton, Canada. Secure Strategy Group (SSG) served as the exclusive advisor to PPM (SSG provides Broker Dealer Services through Pickwick Capital Partners, LLC Member FINRA SIPC).