M&A Deal Summary

ProcessUnity Acquires CyberGRX

On July 12, 2023, ProcessUnity acquired information technology company CyberGRX from ICONIQ Capital

Acquisition Highlights
  • This is ProcessUnity’s 2nd transaction in the Information Technology sector.
  • This is ProcessUnity’s 2nd transaction in the United States.
  • This is ProcessUnity’s 1st transaction in Colorado.

M&A Deal Summary

Date 2023-07-12
Target CyberGRX
Sector Information Technology
Buyer(s) ProcessUnity
Sellers(s) ICONIQ Capital
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Cooley (Legal)

Target

CyberGRX

Denver, Colorado, United States
CyberGRX is a third-party cyber risk management platform that allows customers to evaluate ecosystems for vulnerabilities introduced by third-party applications and systems. CyberGRX is based in Denver, Colorado.

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Buyer(S) 1

Buyer

ProcessUnity

Concord, Massachusetts, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

ProcessUnity?is a provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk, and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution,?ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors from initial due diligence and onboarding through termination. ProcessUnity was founded in 2003 and is based in Concord, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 ISMS Solutions - AI/NLP Technology

United States

ISMS Solutions's AI/NLP Technology provides Artificial Intelligence and Natural Language Processing technology services.

Buy -

Seller(S) 1

SELLER

ICONIQ Capital


Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ICONIQ Capital is a private investment firm that manages capital on behalf of high-net-worth individuals, families, and institutions, with a particular focus on the technology sector. The Firm operates across multiple investment strategies including growth equity, venture capital, real estate, and philanthropic initiatives. ICONIQ Capital was formed in 2011 and is based in San Francisco, California.


DEAL STATS #
Overall 16 of 23
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 7
State: Colorado M&A 1 of 1
Country: United States M&A 12 of 19
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 Apprentice

Jersey City, New Jersey, United States

Apprentice is a provider of one platform for life science manufacturers to turn molecules into medicine. Apprentice was founded in 2014 and is based in Jersey City, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Loom

San Francisco, California, United States

Loom is an asynchronous video communication tool that enables people to collaborate and communicate more effectively. Loom was founded in 2015 and is based in San Francisco, California.

Sell -