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Turn/River Capital invests in Paessler to fuel global growth
Turn/River Capital has announced a strategic investment in Paessler AG, a provider of IT and OT monitoring solutions. This investment represents a significant milestone in Paessler's growth trajectory, which has been notable since its inception in 1997, according to a statement from the company.
In a statement regarding the partnership, Helmut Binder, CEO of Paessler AG, expressed enthusiasm about the collaboration. “Joining forces with Turn/River opens new avenues for Paessler. The firm's expertise in operations and strategic market expansion will empower us to scale even faster and enhance our ability to deliver value to present and future customers,” he said.
Founded in 1997, Paessler AG has been focused on developing innovative monitoring solutions tailored for businesses of varying sizes across different industries. The company’s flagship product, PRTG Network Monitor, has amassed a substantial user base of over 500,000 users globally. This user base underlines Paessler’s pivotal role in optimising IT, OT, and IoT infrastructures across the world, the company states.
Dirk Paessler, the founder of Paessler AG, reflected on the company’s journey and its future prospects. “We've turned a dorm-room project into a global success without Silicon Valley roots, growing to hundreds of thousands of customers solely through our team's dedication. Over the years, around 100 individual shareholders have helped to shape our company, and I will always be grateful for their trust,” said Dirk Paessler. He added that the partnership with Turn/River Capital would catalyse the next exciting chapter of the company's growth.
Turn/River Capital, based in San Francisco, prides itself on scaling software companies in a capital-efficient manner. The investment firm adopts a hands-on approach that goes beyond mere financial support, offering substantial operational assistance in areas such as sales, marketing, customer success, and talent acquisition. This strategy aims to propel their software companies to new stages of growth, with a particular emphasis on European companies seeking expansion into North American and global markets.
Joanne Yuan, Partner, Investments at Turn/River Capital, also weighed in on the partnership. “Paessler represents exactly the type of software leader we seek: innovative and driven, with the ability to accelerate its enterprise platform development and expand in new markets. This is not merely an investment but a partnership aimed at fostering significant growth and realising the full potential of Paessler’s impressive product suite on a global scale,” Yuan stated.
The partnership is expected to positively impact Paessler's ability to enhance its value proposition for current and future customers. Both companies are committed to leveraging their combined expertise and resources to achieve substantial growth, thereby positively influencing the global technology landscape.
Paessler's commitment to innovation and customer satisfaction has been a cornerstone of its operations. By offering monitoring solutions that optimise IT, OT, and IoT infrastructures, the company helps businesses across all industries reduce resource consumption and improve efficiency. This commitment aligns well with Turn/River Capital’s investment philosophy, which focuses on accelerating revenue growth and building enduring value through data-driven methods and hands-on operational support.
As Turn/River and Paessler embark on this new chapter, industry observers will be keenly watching how this collaboration unfolds, anticipating further advancements in the field of IT and OT monitoring solutions.