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Aug 18 2008   10:54AM GMT

Help/Systems acquires PowerTech



Posted by: David Vasta
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The Four Hundred is reporting that Help/Systems has acquired PowerTech, an large security firm and software developer, in a move that shows the IBM i space is still active and changing.

“The consolidation of the midrange continued last month when The PowerTech Group, a leading developer of i OS security software, was acquired by Help/Systems and Audax Group, the private equity group backing the i OS utility developer. Few details of the deal are being released, as the companies are privately held and therefore under no obligation to spill the nitty gritty. What is known is that PowerTech will continue to function as a completely independent entity.”


“By all indications, PowerTech has become a powerhouse of i OS security software this decade. Whereas many of its competitors had been acquired by large firms with nary a new product release to be heard of again, PowerTech’s 800 customers have been treated to a steady diet of new products and upgrades, integration with third-party products, the industry’s only i OS-focused conference, annual “state of security” reports, and numerous white papers, educational events, and Webinars. PowerTech customers could feel safe in the fact that PowerTech lived and breathed i OS security, and were active in the midrange community.”

Read More here at The Four Hundred

2  Comments on this Post

 
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  • Dwlvendor
    I am disappointed in this sell. I am truely sad to see that Jon Scott is no longer with Powertech either. I hope that this sell does adversely affect the direction and product line of PowerTech.
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  • Dwlvendor
    Correction to previous post... I hope that this sell does NOT adversely affect the direction and product line of PowerTech.
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