STRONG & HANNI FACILITATES ACQUISITION BETWEEN STRATOZEN & CONNECTWISE

Denver, CO – Capstone Headwaters, a leading international investment banking firm, advised Stratozen, Inc. (“Stratozen” or the “Company”), on its sale to ConnectWise, LLC.  Strong and Hanni served as legal counsel to the Company on the transaction.  Financial terms were not disclosed.

Stratozen, based in Salt Lake City, Utah, utilizes an industry leading SOAR (Security Orchestration, Automation and Response) technology platform to provide managed security services including (Co)Managed SIEM, SIEM-as-a-Service, SOC-as-a-Service, and Proactive Defense services to nearly 1,000 organizations on six continents, processing over 20 billion security events every day.  Stratozen’s capabilities bolster ConnectWise’s united IT management platform for technology solutions providers (TSPs).

Stratozen CEO Kevin Prince commented, “Working with Capstone enabled us to achieve an optimal result in all facets of the transaction.  In-depth industry knowledge, outstanding process execution, and skilled negotiating enabled us to complete a fantastic transaction with a highly strategic buyer.  We are very excited about the potential for accelerated growth and success as part of ConnectWise.”

Tom McConnell, Managing Director at Capstone Headwaters, noted that, “Kevin and his team were great to work with.  In leveraging automation to both improve client outcomes and efficiently scale the business, they provide an extraordinary case study for entrepreneurs in the fast-growing cyber security industry.  Stratozen’s team, technology and loyal customer base will be highly accretive to ConnectWise.  Congratulations to all involved.”

David Brinkley, Capstone Headwaters Managing Director, added, “in an extremely competitive environment, StratoZen relentlessly focused on enhancing their core competencies, transforming SOAR capabilities across a broad range of industries. It was a privilege representing the entire StratoZen team and we look forward to the acceleration of the combined business at ConnectWise.”

[ConnectWise comment]

Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States.  The firm has a rich 17+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, private equity groups, investors, and creditors.  CSHW offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity private placement, corporate restructuring, valuation & fairness opinion, and financial advisory services.  Headquartered in Boston and Denver, Capstone Headwaters has over 160 professionals across 17 offices in the U.S. and an international presence that includes over 450 professionals in 40 countries. With 16 dedicated industry groups, the firm delivers sector-specific expertise through large, cross-functional teams on a global basis. For more information, visit www.capstoneheadwaters.com.

Stratozen, Inc. bridges the gap between traditional in-house cybersecurity and legacy outsourced MSSP (managed security service provider) options.  As a cloud-based platform, Stratozen makes cybersecurity more accessible, affordable and flexible by leveraging a SOAR platform which cross-correlates, analyzes and applies custom rules to data gathered from any network device.  This engine eliminates false positives and provides truly actionable intelligence for SOC analysts and clients.  Stratozen was named a Top 10 SIEM Solution Provider for 2020 by Enterprise Security Magazine, listed as one of the top 250 MSSPs by MSSPAlert, and receives high marks from Forrester Research.

ConnectWise, LLC is the longest-running, marketing-leading software platform for technology solution providers (TSPs), enabling clients to run their businesses, deliver services, provide security and build staff.  The ConnectWise platform is used by more TSPs around the world than any other software provider.    

For More Information Contact:

Tom McConnell

Managing Director

303.886.2279

tmcconnell@capstoneheadwaters.com

David Brinkley

Managing Director

917.817.0375

dbrinkley@capstoneheadwaters.com