Middle market private equity firm Gryphon Investors (Gryphon) has acquired Rootstock Software (Rootstock), a provider of cloud-based Enterprise Resource Planning (ERP) software to manufacturing, distribution, and supply chain organisations, which are increasingly seeking cloud-native, purpose-built ERP solutions to streamline business operations.
Both Salesforce Ventures and the company’s management team re-invested in the deal alongside Gryphon.
Terms of the deal have not been disclosed.
Rootstock provides a market-leading, composable cloud ERP solution built on the Salesforce Platform. The company’s software helps manufacturers, distributors, and other organisations run their everyday business operations by linking customers, suppliers, and employers to critical data across their organisations at any time and from anywhere. Rootstock has embedded deep industry knowledge and business logic into the design of the platform, which combines cutting-edge, enterprise-grade technology infrastructure, integrated analytics, advanced reporting, and AI / ML capabilities. Headquartered in San Ramon, CA, Rootstock serves a blue-chip client base across North American and international markets.
Lightning Partners served as financial advisor and Reed Smith served as legal advisor to Rootstock in this transaction. William Blair served as financial advisor and Gibson Dunn served as legal advisor to Gryphon in this transaction.
