Parallax Capital Partners

Parallax Capital Partners, LLC is a private equity firm based in Laguna Hills, California, founded in January 1999. The firm specializes in making control equity investments in lower middle market companies, primarily in the technology and software sectors, with revenues ranging from $5 million to $100 million. Parallax focuses on complex transactions, including leveraged buy-outs, management buy-outs, and turnarounds, particularly targeting financially or operationally challenged situations. It seeks to invest in companies experiencing significant change or transition, often taking an active management role by assuming interim positions as needed. The firm is geographically agnostic but primarily invests in the United States, Canada, Europe, and Asia-Pacific. Parallax has built a strong track record of enhancing the value of its portfolio companies, which collectively generate over $1 billion in annual revenue. The firm's dedicated in-house team includes M&A professionals and specialists in various fields, enabling it to effectively address the complexities associated with business transitions and divestitures.

Michael Hale

Senior Vice President

James Hale

Managing Partner

Lisa Hale

Partner

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 enterprise modeling and data intelligence software that assists organizations in discovering, understanding, governing, and leveraging their data effectively. The company's Erwin EDGE platform enhances collaboration between IT and business teams, fostering actionable insights, innovation, risk management, and business transformation. By providing services in data governance, enterprise architecture, and business process modeling, Erwin enables clients to define, standardize, and integrate their data assets through a user-friendly graphical interface. This approach helps government agencies, financial institutions, healthcare organizations, and other enterprises maximize the security, quality, and value of their data, ultimately supporting their data-driven initiatives and mitigating risks.

GroundWork

Acquisition in 2015
GroundWork Inc. develops IT monitoring software tailored for physical, virtual, and cloud-based infrastructures. The company offers a unified monitoring solution that provides integrations and customized visualizations across various components, including networks, applications, servers, and storage data. GroundWork's platform supports organizations in monitoring their IT environments by enabling correlation, security, and scalability. It also features tools for detecting changes and auto-registering application servers in cloud settings, along with a specialized solution for monitoring Docker and Linux container deployments. Serving a diverse range of industries such as aerospace, healthcare, manufacturing, and technology, GroundWork aims to simplify IT operations management and enhance performance analytics. Founded in 2004 and headquartered in San Francisco, GroundWork was previously known as GroundWork Open Source, Inc.

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. specializes in gamification, integrating game mechanics into existing platforms such as websites, training tools, and enterprise systems to enhance participation, adoption, and loyalty. The company offers Nitro Studio, a user-friendly solution that allows program administrators to create and manage gamification strategies and challenges. Their product suite includes various tailored solutions like Nitro for Salesforce, which aims to boost employee engagement and sales performance, and Nitro for SAP SuccessFactors Learning, which enhances training program participation. Bunchball's advanced analytics engine provides detailed insights into user behavior and campaign effectiveness. Founded in 2005 and based in Des Moines, Iowa, Bunchball has formed strategic partnerships with major companies including Salesforce, IBM, and SAP. As of 2018, it operates as a subsidiary of Schoeneckers, Inc. Bunchball is recognized for its ability to foster active, loyal customer and employee engagement, thereby improving overall business performance.

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 operating in hybrid IT environments. The company’s flagship product, FoxT BoKS ServerControl, enables users to manage multi-vendor server environments within a single domain, facilitating the enforcement of security policies and access control to critical systems. Additionally, Fox Technologies offers the FoxT BoKS Kit, an enterprise-grade security solution tailored for small businesses, which includes access control, compliance reporting, and SSH control. The company also provides password management, privileged account delegation, and audit management solutions, along with professional support services. Founded in 2001 and headquartered in Grand Rapids, Michigan, Fox Technologies operates an additional office in Uppsala, Sweden, and functions as a subsidiary of HelpSystems, LLC.

Daptiv

Acquisition in 2010
Founded in 1997, Daptiv is a prominent provider of project portfolio management (PPM) solutions, boasting over 100,000 subscribers. Based in Seattle, Washington, the company enhances strategic planning and business execution for organizations across various sectors, including healthcare, financial services, and telecommunications. Daptiv's offerings include comprehensive project and portfolio management software that covers demand management, resource planning, and time management, complemented by project execution services such as storage, version control, alerting, discussions, and polling. Originally established as eProject, Inc. by Shane Jones, the company rebranded to Daptiv in November 2007 to reflect its evolving capabilities in delivering flexible PPM solutions and expert professional services.

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
TriSyn Group is a provider of back-office software applications, specializing in solutions that automate commercial and retail functions. The company's software is designed to track customer transactions and integrate essential customer data, enhancing operational efficiency. TriSyn Group primarily serves the banking and financial services industry, offering tailored software and services to meet the specific needs of these sectors.

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 software systems specializing in Linux and Unix technologies in the United States. The company focuses on creating software for the IBM mainframe and compatible systems, specifically designing, developing, and delivering the System V Unix operating system for S/390 processors. Recently, UTS Global has transitioned its technology to Linux, expanding its offerings. Additionally, the company provides engineering and porting services for third-party developers and operates a secure hosting site for Application Service Providers (ASPs).

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. specializes in market data solutions, providing software for retrieving, analyzing, and publishing real-time financial data across various platforms, including Windows, Unix, and Linux. Founded in 2000 and headquartered in Westborough, Massachusetts, the company offers products such as RTW, a Microsoft Excel add-in designed to facilitate market data subscription and manipulation within Excel, and Applix Ware, a comprehensive suite that includes an event-driven spreadsheet, real-time financial data engines, and a database interface. These solutions enable clients to integrate multiple data sources and develop customized applications, enhancing their ability to manage and utilize financial information effectively. As a former subsidiary of Applix Inc., VistaSource continues to innovate in the field of data integration and business management.

IPMobileNet

Acquisition in 1999
IPMobileNet is a design and manufacturing company based in California, specializing in mobile data systems for various sectors including public safety, transportation, and utilities. With over 30 years of experience, the company provides digital wireless communication networks and is recognized as the mobile data standard in Kentucky and Wisconsin. IPMobileNet serves a diverse clientele, ranging from large public agencies to smaller organizations, both in the United States and internationally. Its product offerings include IP radios, base stations, high-power amplifiers, network controllers, voice interface units, and mobile computer products, demonstrating a strong commitment to performance and customer service within the private radio market.
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