2 minute read | May.28.2024
Turn/River Capital, a software investor known for its impactful approach to growth acceleration, has made a strategic investment in Paessler AG, the leading provider of IT and OT monitoring solutions.
Orrick represented Turn/River Capital.
Turn/River Capital is a software investor that uses a proprietary growth engineering approach to accelerate revenue and build enduring value. It provides data-driven methods, hands-on operational support and flexible capital to catalyze the next phase of growth.
As a team of founders and operators, Turn/River Capital has firsthand experience scaling go-to-market and solving its challenges. Turn/River was founded in 2012 and invests globally, with a particular focus in North America and Europe. The firm is based in San Francisco.
Headquartered in Nuremberg, Germany, Paessler AG provides IT and OT monitoring solutions. It believes monitoring plays a vital part in reducing humankind's consumption of resources. Paessler offers monitoring solutions for businesses across industries and sizes.
The investment represents “a partnership aimed at fostering significant growth and realizing the full potential of Paessler's impressive product suite on a global scale,” said Joanne Yuan, Partner, Investments, at Turn/River Capital.
"Paessler represents exactly the type of software leader we seek: innovative and driven, with the ability to accelerate its enterprise platform development and expand in new markets,” Yuan said.
The investment also “opens new avenues for Paessler,” said Helmut Binder, CEO of Paessler AG.
“The firm's expertise in operations and strategic market expansion will empower us to scale even faster and enhance our ability to deliver value to present and future customers,” he said.
Orrick’s Daniel Lopez, Zachary Finley and Christoph Brenner led the Orrick team advising Turn/River Capital. The team also included Matthew Gemello, Max Hyatt, Adrian Dengler, Maureen Harmon, Stefan Riedl, Justin Montis, Stefan Schultes-Schnitzlein, Robert Weinhold, Jennifer Criss, Benedikt Kamann, Marianna Karapetyan, Benedikt Migdal, Henry Wu, Michael Wiesner, Noa Dreymann, Tobias Stephan, Lars Mesenbrink, Eric Wall, Matthew Coleman, SeoJung Park, Derek Jones, Daniel Healow, James Connor, Danielle Mangogna, André Zimmermann, Lauren Guilford, Philip Jackson, Timo Holzborn, Meghan Garland-Hack, Anna Aryankalayil, and Marvin Noussayaba Ambi Aideyan.