LOS ANGELES, April 2, 2015 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Barometer, Inc. (“barometerIT”), a leading provider of Integrated IT Portfolio Analysis (“IIPA”) SaaS solutions that help companies formulate and manage their enterprise strategy and continuously align their strategic objectives with operational initiatives. The company’s IIPA software platform categorizes and maps an organization’s entire enterprise architecture to deliver relevant and accurate real-time information across their technology, business, project and human capital portfolios. barometerIT has been merged with Changepoint BV (“Changepoint”), a Marlin portfolio company, adding new IIPA functionality to Changepoint’s existing product offering and creating a market leading provider of business execution management solutions.
“We are very excited to add barometerIT to the Changepoint platform,” said Jim Byrnes, CEO of Changepoint. “The addition of barometerIT to Changepoint’s existing suite of solutions will allow customers to effectively manage enterprise strategy in today’s complex and competitive landscape.”
“barometerIT has developed a compelling enterprise software solution in a rapidly growing market,” stated Steve Johnson, partner at Marlin. “The acquisition of barometerIT is highly strategic and transforms Changepoint into a leading business execution management solutions provider that can bridge the ever-increasing gap between IT strategy and execution at large corporations.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 85 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Changepoint is a leading provider of comprehensive software solutions that help professional services organizations drive growth by integrating project and portfolio management (“PPM”), professional services automation (“PSA”) and business analytics. The company’s PPM offering is a fully integrated IT portfolio management solution that manages critical IT initiatives and integrates the data into a single platform. Changepoint’s PSA software solution manages every aspect of a services business, from customer acquisition, to services delivery, to financial control, and resource and expense management. For more information, please visit www.changepoint.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.