Recovery Point Systems, backed by private equity firm Abry Partners, has acquired Geminare, a resiliency, application and data protection company in Toronto, Canada. Financial terms of the deal were not disclosed.
This is technology M&A deal number 704 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
Recovery Point and Geminare: Data Protection Business Backgrounds
Geminare's Resiliency Management Platform (RMP) helps customers automate their cyber-resiliency capabilities including disaster recovery, business continuity and disaster recovery-as-a-service (DRaaS), the buyer indicated.
The RMP management and control solutions are designed to manage application availability, system and server resiliency and service automation as well as cyber application resiliency delivered through custom-built machine learning models, the buyer said.
Recovery Point Systems is headquartered in Germantown, Maryland and offers resiliency and disaster recovery solutions to customers of all sizes, from the Fortune 500 to SMBs, as well as clients in federal, state and local governments, higher education, retail and healthcare across heterogeneous IT environments ranging from mainframe to desktops, the company said.
The Geminare acquisition will enable Recovery Point to expand resiliency capabilities across private, public cloud and hybrid deployments, the firms indicated.
Recovery Point and Geminare: Automated Resilience
In a prepared statement about the deal, Tony Rossabi, CEO of Recovery Point Group Holding, said:
“Traditional providers don’t incorporate cross platform or heterogeneous capabilities like the Resiliency Management Platform which places Geminare in a class by themselves. Geminare provides true automated application resilience, which is what the marketplace needs. In addition, the platform allows Recovery Point to expand its offerings and enhance its DR solutions. We look forward to working with the Geminare team and expanding the exceptional business they’ve built.”
Joshua Geist, CEO of Geminare, added:
“We’re excited to join the Recovery Point Systems team, a long time partner and leader in the marketplace. With the investment capabilities of Recovery Point, the Resiliency Management Platform has the ability to expand and accelerate into new market opportunities and deliver these powerful capabilities to a broader set of clients.”
Abry Partners Understands MSP Investments
Meanwhile, private equity firm Abry Partners has extensive experience in the MSP market. Indeed, the firm has made multiple investments in and around the MSP, CSP and IT consulting industries.
Example Abry Partners moves include:
- May 2021: Abry Partners made a minority investment in SDI Presence LLC (SDI), an IT consultancy and MSP.
- February 2021: The private equity firm acquired CloudWave, a cloud-centric MSP in the healthcare sector.
- January 2021: Options Technology, backed by Abry Partners, acquiring managed trading service provider Fixnetix from DXC Technology.
- September 2020: NexusTek, backed by Abry Partners, acquired Symmetrix Solutions.
- November 2020: Searchlight Capital Partners and Abry Partners launched a new standalone UCaaS company called Clearspan.
- January 2020: Abry Partners acquired Options Technology, a cloud-centric MSP in the financial services market.
Abry Partners, founded in 1989, has completed over $82 billion of leveraged transactions and other private equity or preferred equity placements. The firm currently manages over $5 billion of capital across their active funds.
