Gimmal, a portfolio company of Rubicon Technology Partners, has acquired RecordLion, an information and records management company. RecordLion is the first acquisition since Gimmal was acquired by Rubicon in January 2017.
RecordLion provides software and services that allow users to govern their data and comply with state, federal, corporate, and legal mandates surrounding their information. RecordLion’s technology can be delivered as a service, completely existing in the cloud, on-premise in the customer’s own data center, or within a hybrid configuration that includes on-premise environments along with private and public clouds. The company was founded by President Chris Caplinger and is headquartered in St. Louis (www.recordlion.com). Mr. Caplinger will join Gimmal as the combined company’s VP of Engineering and will lead Gimmal’s new product innovation efforts.
Gimmal provides software and services that allow its customers to find information, govern its content, improve information access, and ensure records are in compliance with internal or external auditing standards. The company’s software is based on SharePoint and Office 365 platforms. Gimmal was founded in 2002 and is headquartered in Houston (www.gimmal.com).
With the acquisition of RecordLion, Gimmal extends its services outside of the SharePoint and Office 365 platforms. “The combination of Gimmal and RecordLion extends our leadership in information governance and records management by creating the most advanced digital workplace solution with the largest customer base of any company that manages content in SharePoint and Office 365. Now we can provide our customers with the flexibility to manage content in-place, significantly improving the scope of content under governance in an affordable manner,” said David Quackenbush, CEO of Gimmal.
Rubicon Technology Partners makes control equity investments of $30 million to $75 million in lower middle-market enterprise software companies that have revenues between $25 million and $150 million. Transaction types include buyouts and recapitalizations of closely held private companies, corporate divestitures, carve-outs or spin-outs, buy and build opportunities, and shareholder liquidity events. Rubicon has offices in Menlo Park, CA and Stamford, CT (www.rubicontp.com).
© 2017 Private Equity Professional | March 8, 2017
