Grey Mountain Exits Software Division of Stratix
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Grey Mountain Exits Software Division of Stratix

Stratix Corporation, a portfolio company of Grey Mountain Partners and a provider of managed mobile IT services, has sold its software division to ServicePower Technologies, a provider of field management software. The sale includes the Stratix field services mobile application development team, intellectual property and existing field service software contracts.

Stratix Corporation provides enterprise mobile software and services to Fortune 1000 companies by designing, developing, delivering and managing its customers’ mobile IT systems and assets. The company is based in Norcross, GA (www.stratixcorp.com).

“The company has grown based on our ability to deliver innovative mobile solutions to our customers. The opportunity to position the Stratix software division with a global market software leader presents a tremendous opportunity for both the employees and software customers,” said Stratix President and CEO Gina Gallo. “The divesture allows Stratix to dedicate 100% focus, resources and investments on delivering managed mobile services to the Fortune 1000.”

ServicePower Technologies is a provider of software and services used in workforce planning, customer service, automated scheduling and dispatch, mobile worker, warranty labor/parts claims, and business intelligence. The company was founded in 1996 and is based in Stockport (near Manchester), UK (www.servicepower.com).

Grey Mountain Partners invests in middle market companies with enterprise values between $30 million and $150 million. The firm invests up to $75 million in control acquisitions in a range of industries. Grey Mountain is currently investing from its second fund, Grey Mountain Partners Fund II, LP. The firm was founded in 2003 and is based in Boulder, CO (www.greymountain.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 2-22-13

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