Summit Partners, a global growth equity investor, said it has acquired Perforce Software, developer of flexible, scalable and secure version control and collaboration platform.
In conjunction with the investment, Janet Dryer will assume the role of Perforce CEO.
Founded in 1995, Perforce helps harmonize development and operations within companies building complex products. Its source code management and collaboration platform, Perforce Helix, provides both the distributed high-change environment favored by developers as well as the centralized environment and large file support needed by operations teams. More than 10,000 customers rely on Perforce products every day, including Salesforce, Electronic Arts, NVIDIA, Cisco, Samsung and VMware.
Perforce CEO Janet Dryer has worked in the software industry for more than 30 years. In 1985, she began her career as one of the first employees of Minnesota-based HelpSystems, a global provider of IT infrastructure software. Dryer held various roles with HelpSystems, becoming President in 1998 and serving as CEO and Executive Chairwoman from 2007 until 2015. Summit backed Dryer twice during her tenure as CEO, when she led the company through a period of tremendous growth and expansion. Perforce represents the third time Summit has partnered with Dryer.
Rottier and Summit Vice President Scott Ferguson have also joined the Perforce board of directors.
Perforce was advised on the transaction by Shea & company. Further details of the transaction were not disclosed.
Perforce Software helps companies build and deliver complex products more collaboratively and securely.
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than USD6.5 billion into equity and fixed income opportunities.