Parallax Capital Partners

Parallax Capital Partners, LLC, established in 1999, is a private equity firm specializing in control equity investments in lower middle market companies. It focuses on software and related technology sectors, with a revenue range of $5 million to $100 million. The firm actively engages in complex transactions such as leveraged buy-outs, recapitalizations, and turnarounds, taking an active management role in its portfolio companies. Parallax operates globally, with a strong presence in the United States, Canada, Europe, and Asia-Pacific.

Lisa Hale

Partner

James Hale

Managing Partner

Michael Hale

Senior Vice President

Scott Lencz

Partner

M. Sean Quasem

Partner

19 past transactions

Centercode

Venture Round in 2019
Centercode, Inc. specializes in customer validation solutions for hardware and software companies, focusing on beta test management. Founded in 2001 and based in Laguna Hills, California, the company provides a comprehensive platform for managing Alpha, Beta, and Delta testing programs. Centercode offers a range of services, including the recruitment of testers, execution of testing phases, analysis of results, and distribution of insights to relevant stakeholders. Its flagship product, Centercode Connect, facilitates the management of beta tests and user acceptance testing (UAT) programs, ensuring organizations can effectively gather feedback and enhance product quality. By leveraging Centercode's expertise and resources, businesses can launch products with greater confidence and improve their overall development processes.

Quark Software

Acquisition in 2017
Quark Software Inc. specializes in developing a content automation platform that enables large organizations to efficiently create, manage, publish, and deliver essential business content. The company's primary offering, the Quark Publishing Platform, serves as a comprehensive solution for assembling and distributing content across various formats, including print, PDF, HTML5, and mobile applications. Complementing this platform are tools such as Quark Author for web-based content creation, Quark XML Author for XML integration in Microsoft Word, and Quark Brand Manager to enhance brand consistency across marketing efforts. QuarkXPress provides graphic design capabilities for diverse media, while App Studio and DesignPad facilitate digital publication and mobile design respectively. Quark's solutions utilize reusable smart content components, streamlining the delivery process across multiple channels. The company caters to a diverse clientele, from professional designers to Fortune 500 companies in sectors such as finance, government, and media. Founded in 1981 and headquartered in Denver, Colorado, Quark Software operates internationally, with a presence in Europe, the Americas, Australia, India, and Asia, and maintains strategic partnerships with leading technology firms.

erwin

Acquisition in 2016
Erwin specializes in providing enterprise modeling and data intelligence software designed to assist customers in discovering, understanding, governing, and utilizing their data effectively. The company's Erwin EDGE platform is tailored to foster collaboration between IT and business teams, aiming to drive actionable insights, agile innovation, risk management, and overall business transformation. Erwin serves a diverse range of clients, including government agencies, financial institutions, healthcare companies, and other enterprises worldwide. By enhancing the security, quality, and value of data assets, Erwin helps organizations mitigate risks and achieve their strategic goals.

GroundWork

Acquisition in 2015
GroundWork Inc. is a provider of unified monitoring solutions tailored for IT operations management and cloud environments. Established in 2004 and headquartered in San Francisco, the company designs and develops software that facilitates the monitoring of physical, virtual, and cloud-based infrastructures. GroundWork’s open platform supports easy integrations and customized visualizations, enabling organizations to oversee a wide range of components, including networks, applications, servers, and storage data. The company’s offerings include tools for operations analysis, automation, and performance monitoring, which are crucial for maintaining the security and scalability of IT environments. GroundWork caters to various industries, such as aerospace, life sciences, manufacturing, and telecommunications, serving clients who require comprehensive visibility and control over their IT operations.

Centercode

Venture Round in 2015
Centercode, Inc. specializes in customer validation solutions for hardware and software companies, focusing on beta test management. Founded in 2001 and based in Laguna Hills, California, the company provides a comprehensive platform for managing Alpha, Beta, and Delta testing programs. Centercode offers a range of services, including the recruitment of testers, execution of testing phases, analysis of results, and distribution of insights to relevant stakeholders. Its flagship product, Centercode Connect, facilitates the management of beta tests and user acceptance testing (UAT) programs, ensuring organizations can effectively gather feedback and enhance product quality. By leveraging Centercode's expertise and resources, businesses can launch products with greater confidence and improve their overall development processes.

Bunchball

Acquisition in 2014
Bunchball Inc. is a leading provider of gamification solutions, founded in 2005 and based in Des Moines, Iowa. The company specializes in integrating game mechanics into various platforms, such as websites, training tools, and enterprise systems, to enhance user engagement and foster loyalty. Its flagship product, Nitro Studio, allows program administrators to easily create and implement gamification strategies, offering prebuilt components, a rules engine for goal-setting and competition, and an analytics engine for tracking user behavior and campaign performance. Bunchball's solutions are designed to drive employee productivity, customer loyalty, and overall business performance across an organization’s ecosystem. The company has established strategic partnerships with notable firms, including Salesforce, BMC, IBM, Jive, NICE Systems, and SAP, and serves a diverse clientele that includes major brands like Adobe, HP, and Cisco. As of April 2018, Bunchball operates as a subsidiary of Schoeneckers, Inc.

DivX

Acquisition in 2014
DivX, LLC is a technology company specializing in digital video solutions, focused on enhancing entertainment experiences in up to 4K resolution across various devices. Established in 2000 and headquartered in San Diego, California, DivX has set a benchmark for high-quality digital video, enabling consumers worldwide to create, share, and enjoy video content. The company licenses its technology to leading consumer electronics brands, resulting in the shipment of over 1 billion DivX-enabled devices globally. Additionally, DivX's consumer software has been downloaded over 1 billion times, providing users with tools to play, convert, and cast their video content seamlessly. The company's innovative platform supports the monetization of both live and on-demand content, allowing users to capture and share memorable events conveniently.

IdenTrust

Acquisition in 2013
IdenTrust, Inc. specializes in digital identity authentication solutions for a diverse range of sectors, including financial institutions, government agencies, healthcare, and corporate markets. The company offers a comprehensive suite of services designed to enhance security and minimize online fraud. Its flagship solutions include a standardized rule set for identity authentication, ensuring that identities are issued, validated, and utilized effectively. IdenTrust's HUB provides a hosted operational identity infrastructure that allows organizations to mitigate risks associated with identity theft without the burden of developing their own frameworks. Additionally, the Participant Network fosters collaboration among financial institutions by adhering to common rules for identity vetting and certificate management. The Trust Prime solution further streamlines processes for corporate treasurers by enabling the use of a universal identity authentication standard across multiple bank accounts, thereby enhancing security and efficiency in financial transactions.

Fox Technologies

Acquisition in 2013
Fox Technologies, Inc. specializes in network security and access management software solutions designed for organizations to manage Linux and Unix access within hybrid IT environments. The company offers its flagship product, FoxT BoKS ServerControl, which centralizes multi-vendor server management, enhancing the enforcement of security policies and access control to critical systems. Additionally, Fox Technologies provides the FoxT BoKS Kit, an enterprise-grade security package tailored for small businesses, along with various services including access control, compliance reporting, and audit management. Founded in 2001, the company is headquartered in Grand Rapids, Michigan, with an additional office in Uppsala, Sweden. It was previously known as TFS Technology, Inc. and adopted its current name in May 2005. Fox Technologies operates as a subsidiary of HelpSystems, LLC, focusing on delivering comprehensive solutions for cybersecurity, IT operations management, and regulatory compliance.

Daptiv

Acquisition in 2010
Daptiv, founded in 1997 by Shane Jones as eProject Inc., is a leading provider of project portfolio management (PPM) solutions based in Seattle, Washington. The company offers flexible PPM software that includes demand management, resource planning, time management, storage, version control, alerting, discussions, and polling services. Daptiv helps businesses across various sectors improve strategic planning and execution by providing expert professional services tailored to enhance project outcomes. With over 100,000 subscribers, the company serves a wide range of industries including business services, consumer products, education, energy, financial services, healthcare, manufacturing, media and entertainment, pharmaceuticals, real estate, retail, telecommunications, and more.

Computron Software

Acquisition in 2006
Computron Software, LLC provides enterprise financial management software and e- business solutions for companies worldwide. The company also provides procure to pay, revenue management, and business performance management solutions, and budgeting, forecasting, and reporting for government agencies and municipalities.

MultiGen-Paradigm

Acquisition in 2006
MultiGen-Paradigm Inc supplies COTS software for creating and visualizing simulation solutions. The Company offers products which includes a simulation software toolset for 3D modelling, terrain, as well as synthetic environment creation.

The TriSyn Group

Acquisition in 2002
The TriSyn Group is a provider of back-office software applications, specializing in solutions for the banking and financial services industry. The company develops software designed to automate various commercial and retail functions, including the tracking of customer transactions and the assimilation of key customer data. Through its innovative software and services, TriSyn Group aims to enhance operational efficiency and streamline processes for its clients.

Inovis

Acquisition in 2002
Inovis specializes in business-to-business software and services designed to facilitate global trading relationships. The company offers a suite of products, including its flagship BizManager line, which supports various platforms such as server, PC, Java-client, and browser options. Inovis provides on-demand business community management software that enables companies to transact, collaborate, and optimize their communications. Its offerings include electronic data interchange (EDI) and data exchange products, data translation software, a data synchronization platform, and managed services. The company's IPNet technology assists businesses in transitioning from legacy systems to the Internet, ensuring a risk-free migration process, and is certified in various protocols including AS1, AS2, ebXML, and UCCnet. Inovis maintains its IPNet offices in Newport Beach, California.

Infor

Acquisition in 2002
Infor, Inc. is a provider of enterprise software and services, specializing in cloud-based applications across various sectors, including healthcare, manufacturing, distribution, retail, and the public sector. The company offers a comprehensive suite of products designed to facilitate front and back office business processes, including enterprise resource planning, financial management, human capital management, and customer relationship management. Infor's industry-specific solutions, such as CloudSuite and Infor Nexus, enable organizations to effectively monitor and manage assets, optimize supply chain activities, and enhance operational efficiency through rich data analytics. Additionally, the company provides technical support, product upgrades, and consulting services to ensure clients maximize their software investments. Founded in 2009 and headquartered in New York, Infor serves both large enterprises and small to midsize companies, delivering tailored software solutions that address the unique needs of various industries.

UTS Global

Acquisition in 2001
UTS Global is a developer of Linux and Unix software systems based in the United States. The company specializes in creating software tailored for the IBM mainframe and compatible systems market. UTS Global designs, develops, and delivers the System V Unix operating system specifically for S/390 processors and has adapted this technology for use with Linux. Additionally, the company offers engineering and porting services to third-party developers, enhancing their software capabilities. UTS Global also provides a secure hosting site for Application Service Providers, facilitating reliable and safe access to hosted applications.

Micro Focus International

Acquisition in 2001
Micro Focus International is an enterprise software company that assists organizations in addressing their technology needs and challenges. The company offers solutions that enable businesses to leverage their existing IT investments and enterprise applications while integrating emerging technologies to meet complex and rapidly evolving requirements. Micro Focus's product portfolio encompasses security, IT operations management, application delivery management, information management and governance, as well as application modernization and connectivity. Through these offerings, Micro Focus aims to help organizations enhance their operational efficiency and safeguard corporate information effectively.

VistaSource

Acquisition in 2001
VistaSource Inc., founded in 2000 and based in Westborough, Massachusetts, specializes in market data solutions that facilitate the retrieval, analysis, and publication of real-time financial data in the United States and Europe. The company provides a range of software products, including RTW, a Microsoft Excel add-in that enables users to subscribe to and manipulate market data, as well as Applix Ware, a comprehensive suite of integrated components designed for use across various operating systems. This suite features an event-driven spreadsheet, a real-time financial data engine, a macro language, and database interfacing capabilities. By offering customizable data and document integration tools, VistaSource allows clients to utilize multiple data sources and develop their applications from the ground up in a user-friendly environment.

IPMobileNet

Acquisition in 1999
IPMobileNet is a California-based company established over three decades ago, specializing in designing and manufacturing mobile data systems globally. The company's extensive portfolio includes serving as the mobile data standard for Kentucky and Wisconsin, and providing services to various Public Safety, Transportation, and Utility agencies across the United States and internationally. IPMobileNet is renowned for its leadership in cost, performance, and commitment to customer service, making it a leading supplier of private mobile data systems.
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