London, United Kingdom – Technology Holdings, a global investment banking firm with offices in the Americas, Europe and the Asia-Pacific, is pleased to announce that it has acted as the exclusive financial advisor to Colorado-based Woodridge Software on its sale to RCG Global Services, a Frontenac portfolio company.
With over two decades of software development expertise, the Woodridge team specializes in creating digital products and services for financial services companies. Woodridge has extensive partnerships with leading FinTech companies including Temenos, Alloy, Personetics & MaxMyInterest and has successfully delivered projects to banks and credit unions across the United States, Canada, and Europe.
“We are very excited to welcome the talented team of Woodridge Software to the RCG family,” said Ramesh Ramani, RCG CEO. “The Woodridge team expands our geographic footprint in the Western U.S. and deepens our offering of solutions, especially in the financial services market. In joining the RCG team, Woodridge clients have access to a larger portfolio of solution offerings as well as access to world class offshore service delivery.”
Terry Kavanaugh, Managing Director at Technology Holdings, “It has been a real pleasure to support the Woodridge team as they take their next steps along their growth journey. The team was amazing to work with throughout the entire process – from the very first set of meetings through the closing. We are thrilled to have helped Woodridge achieve its strategic objectives and equally important, find a really good cultural fit with RCG.”
Vivek Subramanyam, Founder and CEO of Technology Holdings added, “We are delighted to have closed this transaction in Fintech Software Engineering – it is also our 29th Fintech transaction. We are pleased with the outcome achieved for Woodridge and RCG and wish Kaj, Jen and Scott the very best on the next leg of their journey.”
Find out more about this transaction here.