Add-on Acquisition • Software

BetterCloud Acquires Tricent

On November 13, 2024, BetterCloud acquired software company Tricent

Acquisition Context

This is BetterCloud’s 1st transaction in the Software sector.
This is BetterCloud’s 1st transaction in Denmark.

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M&A Deal Summary
Date	November 13, 2024
Target	Tricent
Sector	Software
Buyer(s)	BetterCloud
Deal Type	Add-on Acquisition

Target Company

Tricent

Copenhagen, Denmark

Tricent is a file-sharing governance company. Unsecured file sharing increases business risk by creating security vulnerabilities, compliance issues, intellectual property loss, and exposure to data breaches and leaks. Tricent was formed in 2017 and is based in Copenhagen, Denmark.

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Buyer Overview 1

Buyer

BetterCloud

New York, New York, United States

Category	Company
Founded	2011
Sector	Information Technology

DESCRIPTION

BetterCloud is a SaaS Management Platform provider enabling IT professionals to transform their employee experience, maximize operational efficiency, and centralize data protection. With no-code automation enabling zero-touch workflows, thousands of forward-thinking organizations like Block (formerly Square), Oscar Health, and HelloFresh now rely on BetterCloud to automate processes and policies across their cloud application portfolio. BetterCloud was formed in 2011 and is based in New York, New York.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Denmark	1 of 1
Year: 2024	1 of 1

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