PDQ, a leading IT asset management software provider, recently announced a significant growth investment from Berkshire Partners. And Berkshire Partners with PDQ’s founders, executive management, and existing investor TA Associates (TA) will seek to bolster PDQ’s innovation capabilities as PDQ strategically expands its easier-to-use IT asset management and scanning software solutions portfolio. The financial terms of the transaction were not disclosed.
Launched in 2001 and based in Salt Lake City, PDQ provides software application inventory and deployment solutions used by IT professionals across industries and business sizes. And the company’s newest product, PDQ Connect, is an agent-based device and patch management software for deploying applications, software patches, and running custom remote scripts.
Serving over 25,000 customers, PDQ’s additional primary products are PDQ Deploy, an automated patch management solution, and PDQ Inventory, an endpoint information collection and reporting application for software, hardware, and Windows configuration data. PDQ’s product offerings are simple but highly secure and reliable in helping system administrators (sysadmins) handle complex IT challenges.
KEY QUOTES:
“Our products have established a strong product-market fit for our customer base. Customers know to expect exceptional speed, ease of use, and affordability. Since PDQ’s recent launch of PDQ Connect, the new product has already gained traction with sysadmins, helping them manage their devices. We believe PDQ is well positioned for an exciting next chapter as we bring best-in-class products to market with support from Berkshire Partners and TA.”
— Dan Cook, Chief Executive Officer of PDQ
“PDQ delivers a strong value proposition and differentiated deployment and inventory management software solutions for its core customers, as demonstrated by PDQ’s exceptional customer advocacy among its sysadmin base,” said Jon Nuger, a Managing Director at Berkshire Partners. “We are backing an outstanding leadership team and a strong business with solid momentum, and believe there are significant opportunities to extend the product offering over time.”
— EJ Whelan, a Managing Director at Berkshire Partners
“We are pleased to welcome Berkshire Partners as a fellow investor in PDQ. Since TA’s initial investment in 2021, PDQ has completed two strategic acquisitions while also realizing sustained and meaningful organic growth. It has been a privilege to take part in PDQ’s successful journey, and we look forward to collaborating closely with the management team and Berkshire Partners to further solidify the company’s position as a leader in the IT asset management space.”
— Harry Taylor, a Managing Director at TA, and John Triebsch, a Vice President at TA
