Chapman Associates Acquisition Announcement
IT Monitoring SaaS
Chapman Associates has announced that Netreo, headquartered in San Diego, CA, has received a majority investment from SGP. Netreo provides a Software-as-a-Service (SaaS) IT Management solution which automatically builds enterprise-wide dashboard views into the entire IT footprint for large companies. The platform, a monitoring, alerting and reporting appliance, is trusted by Fortune 1000 companies across industries including financial services, education, and healthcare, and has received many awards and accolades.
“As IT environments rapidly evolve, we strive to maintain our position as an innovation leader and provide industry’s best solutions to our world-class customers,” says Kevin Kinsey, CEO. “Look for big things to come from us.”
Market Research Future projects the Infrastructure Monitoring Market to reach $4 Billion by 2023.
As part of the transaction, Sumit Garg, Managing Partner at SGP has joined Netreo’s board as its chairman. “We are very impressed with how well Netreo’s technology solves mission-critical IT management needs at several Fortune 1000 companies”
Chapman Associates is one of the most respected middle market Mergers and Acquisitions firms focusing on technology and other select verticals, including SaaS, IT Services, digital marketing and others. Buyers and sellers have trusted Chapman Associates® since 1954. During that time, Chapman has successfully sold over 2,300 companies worth billions of dollars.