85 Advisors acts as exclusive financial advisor to Goverlan on its sale to EasyVista
NEW YORK, NY – July 12, 2021 – 85 Advisors is pleased to announce the sale of Goverlan, Inc.– a leading provider of remote IT operations management software – to EasyVista, a portfolio company of Eurazeo and Cathay Capital.
Founded in 1998, Goverlan provides simplified remote support technology and process automation and is among the G2Crowd’s Top 100 Best Software Companies. Together with EasyVista, Goverlan will enable customers to diagnose and resolve incidents and problems using automation, self-service, and an integrated ITSM tool.
EasyVista is a global software provider of intelligent service automation solutions for enterprise service management and self-help. Leveraging the power of ITSM, Self-Help, AI, and Micro Apps to create customer-focused service experiences, EasyVista has helped companies improve employee productivity, reduce operating costs, and increase customer satisfaction. Today, more than 1,500+ enterprises around the world leverage EasyVista’s ITSM platform to accelerate change, empowering leaders to better serve their employees and customers across financial services, healthcare, education, manufacturing and other industries.
85 Advisors acted as exclusive financial advisor to Goverlan in connection with the transaction. Financial terms were not disclosed.
A link to the EasyVista press release announcing the transaction is available here.
About Goverlan
Goverlan was founded in the late 90s in New York City with a goal to build software that solves help desk pain points. Goverlan is a leader in Remote Support and IT Management Software and is used by customers in over 110 countries and 17 industries. Goverlan enables IT teams to support desktops and servers in real time, without user interruption via background systems management, IT process automation, and secure remote desktop access. Goverlan Reach is a self-hosted software-based solution that can be implemented in minutes with minimal requirements..
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector and advising our clients on how to exploit these shifts proactively.