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SMA Technologies receives majority investment from ParkerGale Capital

September 11, 2020 / Business Wire
SHARESHARESHARE

SMA Technologies Inc., a leading provider of workload automation software announced today it has received a majority investment from ParkerGale Capital (ParkerGale). Terms of the transaction were not disclosed. Current President, Todd Dauchy, who joined the company as Chief Technology Officer in 2012 and became President in 2018, will be leading the company into the next phase of growth as CEO. Dauchy comments on the investment, “Since taking the reins in 2018, we have been looking for the right investor to help accelerate our growth while maintaining our reputation for high quality software and world class support. Through this journey, it became crystal clear ParkerGale was the perfect partner to help us go to the next level.”