Fox Technologies Acquires IT Monitoring Pioneer GroundWork Open Source Inc.
Fox Technologies’ acquisition of GroundWork advances its mission in being an innovative leader in infrastructure and security management.
GRAND RAPIDS, MI — Wednesday, February 17, 2016 — Fox Technologies, Inc., a portfolio company of Parallax Capital Partners, today announced its acquisition of GroundWork Open Source Inc. Based in San Francisco, GroundWork provides unified monitoring solutions for IT operations management, performance analysis, and cloud monitoring. GroundWork allows customers the flexibility to leverage the advantages of open source while simultaneously preserving existing investments in legacy IT management tools.
Fox Technologies’ acquisition of GroundWork advances its mission as the leading global system management company.
“The acquisition of GroundWork aligns with our long-term strategy to be an innovative leader in infrastructure and security management,” says Victor Shepherd, chief executive officer of Fox Technologies. “As an infosecurity vendor, we are very aware that the health and monitoring of underlying technical and data platforms are critical to our customers. Groundwork brings that as an added value proposition to our customer base.“
“Together, the two companies are well-positioned to support customers and their growing infrastructure and security management needs in the ever evolving cloud management category,” adds Shepherd.
“GroundWork is recognized as a leading provider of dynamic monitoring solutions for over a decade, making it an ideal partner for Fox Technologies,” said Dave Lilly, executive vice president of sales and operations at GroundWork. “Our partners are enthusiastic about the acquisition, and look forward to expanding their product portfolio with Fox Technologies’ centralized Linux/Unix and Windows system access management solution.”
About GroundWork, Inc.
GroundWork, Inc. delivers performance and availability monitoring of hybrid cloud, container, application, server, network and storage data systems. For more information, please visit www.gwos.com.
About Fox Technologies, Inc.
Fox Technologies, Inc. helps companies protect corporate information assets with network security and access management software. We strive to simplify compliance and streamline administration with an award-winning access management and privileged account control solution. Our access management software centrally enforces granular access entitlements in real time across diverse server environments. For more information, please visit www.foxt.com.
About Parallax Capital Partners
Parallax Capital Partners, LLC, is a private equity firm focused on acquiring and operating application software and related services companies. Since 1999, Parallax has acquired over 20 companies. Parallax's previous and current portfolio companies generate over $1.5 billion of annual revenues and have provided significant returns for its investors, partners and employees. Parallax has built an exceptional track record of transitioning divisions, subsidiaries and product lines into successful stand-alone entities. For more information, please visit www.parallaxcap.com.