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EMH Partners will support Stonebranch in its next phase of growth to become the leading IT automation and orchestration provider globally, alongside existing shareholder Elvaston.
ALPHARETTA, GA. - April 08, 2024 - Stonebranch ("the Company"), a leading provider of service orchestration and automation solutions, today announced a significant minority investment from EMH Partners, a leading growth investment firm that partners with technology businesses and entrepreneurs.
Under the agreement, funds advised by EMH Partners obtain a significant minority stake, while Elvaston continues to have majority ownership. The investment will be used to support organic growth, platform enhancements, and geographic expansion.
"We are thrilled to have the experience and backing of EMH," states Giuseppe Damiani, CEO at Stonebranch. "EMH Partners and Stonebranch share a customer-centric approach and the vision to constantly challenge the status quo. This investment accelerates industry-defining innovation that our customers and partner ecosystems require to modernize their IT automation and orchestration programs."
"Elvaston firmly believes in Stonebranch's mission to bring the power of enterprise IT automation into everyone's hands," said Dr. Oliver Thum, Managing Partner at Elvaston. "EMH is an important partner in this goal."
The company, with headquarters in Alpharetta (GA, USA) and Frankfurt (Germany), assists enterprise customers in transitioning their IT environments from basic IT task automation into sophisticated, real-time business service automation. The Stonebranch Universal Automation Center (UAC) empowers enterprises to centrally automate and orchestrate workloads across on-premises, cloud, and hybrid IT environments. IT operations, developers, data teams, and cloud operations groups leverage UAC to collaborate and innovate within a single future-proof platform. Founded in 1999, Stonebranch serves a loyal global customer base of 350 blue-chip enterprise clients, including many of the world's largest financial, healthcare, and technology institutions. Gartner has recognized the company in their Market Guide for Service Orchestration and Automation Platform since its inaugural publication in 2020. In addition to other market guides and recognitions, Stonebranch was recently recognized as a representative vendor in the 2024 Gartner Market Guide for Global Infrastructure Automation and Orchestration Tools.
The terms of the transaction have not been disclosed. The transaction is expected to close subject to customary regulatory approvals.