TECHSTRAT ANNOUNCES SALE OF PEACH TECH TO GITLAB, CONTINUING FOCUS ON CYBERSECURITY

TechStrat managing partner Nat Burgess states “As a pioneer in security testing, Peach will be a powerful component in Gitlab’s integrated DevSecOps solution.”  Burgess also noted that this is TechStrat’s third post-Covid19 transaction and reflects a segmented approach to a highly disrupted M&A market.  “Tech M&A volumes are down overall.  Distressed sales are increasing.  We are transacting in certain strategic market segments, such as communications, remote learning, cybersecurity, online commerce, and supply chain.  In markets that are heavily impacted by the pandemic, we are working with clients to make strategic acquisitions and position them for a strategic sale when the market returns.”

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