PPM Acquired by Klass Software
PPM 2000, Edmonton, Alberta, Canada, has been acquired by Klass Software, the acquisition group of Klass Capital, an enterprise software, growth equity fund headquartered in Toronto, Ontario. Will Anderson, the CEO of Klass Software, is now the new CEO of PPM. Elaine O’Sullivan and Brian McIlravey will continue with the company as president and executive vice president, respectively.
“PPM’s innovative incident management solutions are one of the cornerstones driving today’s new security models built on real-time analysis and incident prevention,” said Anderson. “With the strategic and financial backing of Klass, PPM will further improve on the successful growth that the company has experienced since its founding in the rapidly evolving professional security market.”
O’Sullivan added, “As the founders of PPM pass the torch to the company’s new owners, it’s about strengthening PPM as a technology company. We look forward to accelerating innovation, pursuing new markets, and delivering more incident management options to our clients.”
McIlravey said, “Klass is a great fit for PPM and the right company to take us to the next level. We’re excited about a future focused on expanding PPM’s incident management portfolio with complementary technology and services.” The company will continue to operate as PPM, and its head office will remain in Edmonton.