M&A Deal Summary

BetterCloud Acquires Tricent

On November 13, 2024, BetterCloud acquired software company Tricent

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

M&A Deal Summary
Date 2024-11-13
Target Tricent
Sector Software
Buyer(s) BetterCloud
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
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
Mergr

Product

Company

Legal