Terms were not disclosed but it’s believed Pythian, with 350 employees and more than 250 customers globally, is valued in the tens of millions of dollars. Mill Point specializes in buying control stakes in middle-market North American IT-services businesses through a US$450-million fund.“This transaction enables Pythian to narrow its focus on what matters most – delivering top-notch service to its clients,” Mill Point managing partner Michael Duran said in a statement.”Meanwhile, Mr.
“It’s not a bad start,” Mr. Vallée said. “We’re growing fast and we’d like to attract external capital because we have a world to change.” Tehama’s subscription platform, offered over the internet, limits remote workers to accessing its customers’ sensitive commercial information through virtual “rooms,” or secure portals accessible on their laptops which Mr. Vallée likened to an “airlock for data.”The data can’t be cut and pasted out of the virtual rooms onto a user’s desktop, e-mailed outside the portal or downloaded to files or USB keys plugged into their computers.
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