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.”