PDQ Receives Significant Investment from Berkshire Partners

PDQ, a leading provider of IT asset management software, has announced a significant growth investment from Berkshire Partners. The investment will help bolster PDQ's innovation capabilities as the company expands its portfolio of IT asset management and scanning software solutions. With the support of Berkshire Partners and existing investor TA Associates, PDQ aims to bring best-in-class products to market.

PDQ, founded in 2001 and headquartered in Salt Lake City, offers software application inventory and deployment solutions for IT professionals across industries and business sizes. The company's latest product, PDQ Connect, is an agent-based device and patch management software that simplifies the deployment of applications, software patches, and custom remote scripts. PDQ also provides other primary products, including PDQ Deploy, an automated patch management solution, and PDQ Inventory, an endpoint information collection and reporting application.

PDQ's products are known for their exceptional speed, ease of use, and affordability. The company has built a strong reputation among its customer base of system administrators (sysadmins) for delivering reliable and secure solutions to complex IT challenges. PDQ's software tools help IT professionals manage and organize hardware, software, and configuration data for Windows and Apple-based devices. The tools automate patch management and other software deployments, streamlining IT processes and improving efficiency.

The investment from Berkshire Partners demonstrates the recognition of PDQ's value proposition and differentiated software solutions. The firm's exceptional customer advocacy among sysadmins further validates its market position. Berkshire Partners is a specialist investor in private and public equity with expertise across various sectors, including technology and communications, consumer, healthcare, and services and industrials. The firm's private equity team collaborates with management teams to grow well-positioned, growing companies.

The investment will enable PDQ to extend its product offering and capitalize on significant market opportunities. The company plans to leverage the expertise and resources of Berkshire Partners and TA Associates to further solidify its position as a leader in the IT asset management space. PDQ's management team, with the backing of the investors, is excited about the future prospects of the company and the ability to deliver best-in-class products to its customers.

The financial terms of the transaction were not disclosed. PDQ was advised by William Blair, while Guggenheim Securities served as a financial advisor to Berkshire Partners. Legal counsel for the transaction was provided by Kirkland & Ellis for TA Associates and Ropes & Gray for Berkshire Partners.

About PDQ

PDQ is an industry leader in software and IT asset management. The company helps IT professionals manage and organize hardware, software, and configuration data for Windows and Apple-based devices. PDQ's tools automate patch management and software deployments, providing speed, ease of use, and affordability. Founded in 2001 and headquartered in South Salt Lake, Utah, PDQ serves customers across industries and business sizes.

About Berkshire Partners

Berkshire Partners is a 100% employee-owned specialist investor in private and public equity. The firm's private equity team invests in well-positioned, growing companies across technology and communications, consumer, healthcare, and services and industrials. Berkshire Partners has a strong history of collaborating with management teams to grow the companies in which it invests.

About TA

TA is a global private equity firm focused on scaling growth in profitable companies. With a track record spanning over five decades, TA has invested in more than 560 companies across various industries. The firm leverages its industry expertise and strategic resources to collaborate with management teams and deliver lasting value. TA has raised $65 billion in capital to date and operates across offices in Boston, Menlo Park, Austin, London, Mumbai, and Hong Kong.

In conclusion, the strategic investment from Berkshire Partners represents an exciting next chapter for PDQ. The company's commitment to delivering exceptional software solutions for IT asset management, combined with the expertise and support of its investors, positions PDQ for continued success and growth in the market. With the expansion of its product portfolio and the ongoing dedication to customer satisfaction, PDQ is well-prepared to solidify its position as a leader in the IT asset management space.