PDQ.com (PDQ), a provider of IT asset management software for small and medium-sized businesses, has secured a growth investment from private equity firm TA Associates (TA).
TA, together with PDQ’s founders and executive management team, plan to accelerate PDQ’s growth as the company aims to expand its portfolio of easy-to-use IT asset management and scanning software solutions.
PDQ provides software for system administrators and IT professionals. The company’s primary products are PDQ Deploy, an automated patch management, software update and endpoint communications application; and PDQ Inventory, an endpoint information collection and reporting application for software, hardware and Windows configuration data. PDQ serves more than 18,000 customers across a variety of industries, including education, technology, manufacturing, and government. Founded in 2001, PDQ is headquartered in South Salt Lake and has 80 employees.
“We started PDQ to make the lives of sysadmins easier,” says Shane Corellian, co-founder of PDQ. “The PDQ team is made up of sysadmins, and we realise how difficult their job can be—particularly for those working at small and medium-sized businesses.”
“This investment allows us to bring added value to our worldwide customer base,” says Shawn Anderson, co-founder of PDQ. “TA has a great track record of successfully scaling software companies, and we’re excited to have them on board.”
“As a patient, growth-oriented investor, we seek to partner with owners and management to build outstanding businesses,” says Amit Jain, a Senior Vice President at TA. “PDQ represents a unique opportunity to invest in a profitable, growing company with a differentiated product suite in an industry we know quite well. We’re excited to make this investment and work alongside the talented PDQ management team, with the goal of helping the company with its next phase of growth.”
“We’ve been impressed with PDQ’s exceptional user community and strong brand affinity. Their products are popular, easy-to-use, and robust,” says Harry Taylor, a Managing Director at TA. “Given the sizeable and fragmented IT systems management market, we see opportunities for accelerating growth. In collaboration with PDQ, we’ll focus on promoting the company’s compelling value proposition to expand PDQ’s customer base.”
Horizon Partners is serving as financial advisor and Perkins Coie is providing legal counsel to PDQ. William Blair is serving as financial advisor and Kirkland & Ellis is providing legal counsel to TA.
