ZeroTurnaround, Inc., based in Tallinn, Estonia, is a leading provider of software tools for Java developers. ZeroTurnaround’s tools dramatically accelerate the build / deploy / test cycle, enabling Java engineers to develop higher quality code faster. The Company’s strong growth is a testament to the value its products bring to developers worldwide.

THE DEAL

Rogue Wave Software, a portfolio company of Audax Private Equity, has acquired ZeroTurnaround. The acquisition will be integrated into the Rogue Wave business and will complement Rogue Wave’s core developer tools offering. ZeroTurnaround is Rogue Wave’s sixth acquisition under Audax ownership

THE THESIS

Audax acquired Rogue Wave as a market leading platform in the fragmented, niche application development tools, components, and platforms space. Audax will continue to support the management team as they work to execute a Buy & Build strategy to diversify Rogue Wave’s offering and enter high growth markets.

AUDAX INVESTMENT CRITERIA

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4.5 billion in 109 platform and 633 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.