Redgate Investments’ stake in Croatia-based SysKit marks significant shift in VC market

ID: 1531139
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(businesspress24) - Cambridge UK, Tuesday, January 9, 2018

Redgate Investments, a sister company to Redgate Software, the leading Microsoft SQL Server tools vendor, was created to make sizeable minority investments in founder-led businesses, without the onerous terms and conditions often required by private equity and venture capitalists.

Looking beyond the typical software investment locations like Silicon Valley in the US or Cambridge in the UK, it has chosen to invest in SysKit, which was founded in Zagreb just eight years ago. SysKit creates solutions for the SharePoint, Office 365 and Citrix environments and, with a team of more than 40 people, has over 3,000 public sector and corporate customers across the globe.

The investment, which has been made with the option for a further investment round in two years, will enable SysKit to advance its plans and concentrate its efforts on developing tools for the SharePoint market. It will also be able to call on the sales and marketing expertise of Redgate Software so that it can reach more customers in a more effective way.

For Toni Frankola, CEO and Co-Founder of SysKit, the investment is a major boost in the future of the company.

In a connected development, Redgate Software has also acquired SQL Manager, a data discovery and classification tool, from SysKit to enhance its own line-up of SQL Server tools. Redgate has been extending its SQL Server toolset to cover every part of database DevOps, and sees data privacy and protection as the next big challenge for SQL Server users.

SQL Manager is already making headway in the market and its data classification functionality will be developed further before the newly renamed SQL Estate Manager is released in early 2018 as part of a complete data privacy and protection solution.

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About Redgate Software
Redgate makes ingeniously simple software used by over 800,000 IT professionals, and is the leading Microsoft SQL Server tools vendor. Redgate''s philosophy is to design highly usable, reliable tools which elegantly solve the problems developers and DBAs face every day, and help them to adopt database DevOps. As a result, more than 100,000 companies use products in the Redgate SQL Toolbelt, including 91% of those in the Fortune 100.

About SysKit
Previously called Acceleratio, SysKit is a Zagreb, Croatia, based software development company which creates enterprise monitoring and administration solutions for the SharePoint, Office 365 and Citrix environments. With a team of more than 40 people, it has over 3,000 public sector and corporate customers across the globe and continues to explore new ways for companies to do business with easy-to-use administration tools. In 2017, Redgate Investments made a substantial investment in SysKit to help accelerate the growth of the company.

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Matt Hilbert, Technology Writer, Redgate Software
07564 778274

published by: RealWire
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Date: 01/09/2018 - 09:48
Language: English
News-ID 1531139
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