Investment Summary

Strattam Capital Invests In Rock Solid

On November 29, 2018, private equity firm Strattam Capital invested in information technology company Rock Solid

Investment Highlights
  • This is Strattam Capital’s 2nd transaction in the Information Technology sector.
  • This is Strattam Capital’s 1st transaction in Puerto Rico.
Investment Fate
  • Rock Solid was sold to a strategic buyer in 2022.

Investment Summary
Date 2018-11-29
Target Rock Solid
Sector Information Technology
Investor(s) Strattam Capital
Deal Type Growth Capital

Target

Rock Solid

San Juan, Puerto Rico
website
Rock Solid is a software and IT services company recognized as one of the top software engineering companies in Puerto Rico, the United States, and Latin America. Rock Solid was recently selected to provide Respond, a citizen services software (311), for the cities of New Orleans, LA, and Winston-Salem, NC. New Orleans joins the list of cities where Rock Solid Technologies has a presence. In addition, the city of Burlington in Ontario, Canada, and more than thirty-five municipalities in Puerto Rico use the RESPOND tool as their platform to offer residents the ability to report issues and open requests for citizen services. Rock Solid was founded in 1994 and is based in San Juan, Puerto Rico.

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Investor(S) 1

Investor

Strattam Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Strattam Capital is a private equity firm focused on investing in and acquiring profitable information technology companies. Specific areas of interest include enterprise software, digital infrastructure, and tech-enabled services. Strattam pursues companies with revenues valued from $10 to $30 million and will consider opportunities throughout the US and Canada. Strattam Capital was formed in 2013 and is based in Austin, Texas.

DEAL STATS #
Overall 7 of 13
Sector (Information Technology) 2 of 2
Type (Growth Capital) 5 of 10
Country (Puerto Rico) 1 of 1
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Doxim

Markham, Ontario, Canada

Doxim is a provider of SaaS-based customer engagement software for banks, credit unions, and wealth management firms. Doxim’s Customer Engagement Platform helps financial institutions transform their client experience, communicate effectively throughout the client lifecycle, and improve cross-sell and upsell activities that drive increased wallet share. The platform addresses key digitization challenges, from automated account opening, through improved, personalized communications to anytime, anywhere content access, tailored to a client’s channel preferences. Doxim was founded in 2000 and is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 HireRoad

Arlington, Virginia, United States

HireRoad engages in secure cloud-based talent management software and empowers organizations to increase their workforce performance. HireRoad was founded in 1997 and is based in Arlington, Virginia.

Buy -
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