Investment Summary

Recognize Partners Invests In Torc

On March 1, 2022, growth capital firm Recognize Partners invested in information technology company Torc

Investment Highlights
  • This is Recognize Partners’ 4th transaction in the Information Technology sector.
  • This is Recognize Partners’ 3rd transaction in the United States.
  • This is Recognize Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Torc was sold to a strategic buyer in 2024.

Investment Summary

Date 2022-03-01
Target Torc
Sector Information Technology
Investor(s) Recognize Partners
Deal Type Venture

Target

Torc

Boston, Massachusetts, United States
Torc is a nearshore intelligent talent network connecting remote developers with jobs, provides career growth opportunities for its community, and a secure, AI-driven talent sourcing experience for companies. The company's emphasis on performance, productivity, and upskilling makes it the preferred platform for on-demand technical talent and the companies that need to hire them. Torc is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Recognize Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2020
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Recognize Partners is an investment platform focused on building technology services companies. The Firm was formed in 2020 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 10
Sector: Information Technology M&A 4 of 8
Type: Venture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 9
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 AST

Lisle, Illinois, United States

AST is a full-service enterprise systems integrator, serving clients in the public and commercial sectors for more than two decades. Clients look to AST for leadership and assistance in systems integration, business process redesign, project management, systems administration, and training. From on-premise applications to modern cloud technology, the company's services encompass all aspects of Enterprise Resource Planning, Business Intelligence, Enterprise Performance Management, Customer Experience, and Middleware. It also offers flexible Managed Services, supporting the needs of over 200 Public Sector and Commercial customers around the globe. AST was formed in 1995 and is based in Lisle, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Blend360

Columbia, Maryland, United States

Blend360 is a provider of services in data science and talent solutions. Blend360 was founded in 2016 and is based in Columbia, Maryland.

Buy -