Chapman Associates Acquisition Announcement
Chapman Associates has announced the acquisition of GreyHeller, an innovative enterprise application software company based in San Ramon, CA, by a group of investors.
GreyHeller’s solutions empower large enterprises to modernize and securitize their ERP implementations. The company has created both a new way to configure and mobilize the PeopleSoft application to support all devices without the need for costly front-end coding, and a unique offering to address security breaches driven by human error.
PeopleMobile® and PeopleUX automatically, out-of-the-box, make every PeopleSoft page responsive across all iOS, Android, Windows, Blackberry smartphones and tablets, and desktops. ERP Firewall protects more than 2 million PeopleSoft users’ sensitive data from cybercrime.
“This transaction will help GreyHeller drive growth further in the rapidly expanding Application Modernization market. In addition to capital, GreyHeller will strengthen its management team” said Hendrix Bodden, GreyHeller co-founder. The current management team will continue to lead the company in all other aspects of operations, including the support of existing customers and partners.
“The founders and the management team at GreyHeller were very successful in bringing innovative solutions to the market and building an impressive list of customers including Pfizer, Wells Fargo, GAP and many higher education institutions” said Cristian Anastasiu, Chapman’s Managing Director who advised on the transaction.
Chapman Associates is one of the most respected middle market Mergers and Acquisitions firms focusing on technology and other select verticals. Buyers and sellers have trusted Chapman Associates® since 1954. During that time, Chapman has successfully sold over 2,300 companies worth billions of dollars.