Combination deepens Redwood’s end-to-end suite of full stack enterprise automation solutions, bridging the gap across mission-critical applications and hybrid IT infrastructure
FRISCO, TX – February 1, 2023 – Redwood Software, the industry leader in full stack automation, today announced its acquisition of Cerberus, a leading secure file transfer provider that serves some of the largest global organizations. Following Redwood’s recent acquisition of enterprise workload automation provider Tidal Software, Cerberus further adds to Redwood’s comprehensive automation and managed file transfer portfolio, which also includes RunMyJobs, ActiveBatch and JSCAPE.
“We often see organizations struggle to establish efficient, optimized business processes and supply chains, despite the number of people and tools they inject into their operations. Automation is key to overcoming this challenge,” said Redwood CEO Kevin Greene. “Cerberus’s highly reliable, secure file transfer solutions serve as the data transmission backbone for some of the largest enterprises in the world and now, paired with Redwood’s full stack enterprise automation portfolio, we can expand their use of automation across an even wider range of mission-critical business processes.”
The acquisition of Cerberus extends Redwood’s leadership position by:
“Redwood’s exceptional growth underscores the increasing market demand for end-to-end full stack enterprise automation solutions,” said Jarrett Stringfellow, a Turn/River principal and Chairman of the Redwood Board of Directors. “The acquisition of Cerberus, combined with Redwood’s relentless commitment to customer success and product innovation, ensures organizations have everything they need to successfully automate all of their mission-critical business processes.”
“Coming together with Redwood is an exciting next chapter for Cerberus as now our customers have more ways to fully realize the transformative power of automation,” said Cerberus CEO Grant Averett. “We are proud of the business we’ve built and look forward to our shared vision and combined capabilities empowering organizations to achieve better business outcomes, lower costs, and greater employee and customer satisfaction.”
To learn more about Redwood and its full stack automation approach, visit www.redwood.com.
Quiet Light served as exclusive M&A advisor and Bean, Kinney & Korman served as exclusive legal advisor to Cerberus on the transaction. Turn/River was advised by Lincoln International and Orrick.
Redwood Software is the leader in full stack automation for mission-critical business processes. With the first SaaS-based composable automation platform specifically built for ERP, we believe in the transformative power of automation. Our unparalleled solutions empower you to orchestrate, manage and monitor your workflows across any application, service or server – in the cloud or on premise – with confidence and control. Redwood’s global team of automation experts and customer success engineers provide solutions and world-class support designed to give you the freedom and time to imagine and define your future. Get out of the weeds and see the forest, with Redwood Software. www.redwood.com
Founded in 2001 and located in Arlington, VA, Cerberus is focused on solving customer secure file transfer needs with Cerberus FTP Server, our secure file transfer server for Windows. Cerberus FTP Server is designed for the demanding IT professional, but to be quickly and easily accessible to administrators. To learn more about Cerberus FTP Server, visit www.cerberusftp.com.
Turn/River specializes in growth capital investments, founder liquidity, buyouts, spin-outs, and recapitalizations of technology, web, and SaaS companies. Its strategy is to combine rigorous, iterative marketing, sales, and operational execution with flexible capital to help companies double and triple their growth and build value for everyone. Turn/River Capital is headquartered in San Francisco. For more information, please visit www.turnriver.com.