Resolve Systems, an Irvine-based software company with 125 employees, was sold to Insight Venture Partners of New York.
Terms were not disclosed.
Resolve Systems, which was owned by Solis Capital Partners of Newport Beach, makes enterprise-wide software systems that use automation to help internet, security and service desk operations teams identify problems.
Solis Capital provided resources to develop a scalable platform with great potential, said Martin Savitt, chief executive of Resolve Systems. He added that the acquisition will permit Resolve Systems “to move faster in key business areas.”
“Resolve Systems is growing very rapidly and will be adding employees across all functions within our Irvine office and across the globe,” Savitt said.
Resolve Systems provides solutions to incident responses, which are especially important with cyber threats emerging daily, Insight Venture Partners Managing Director Mike Triplett said.
Insight Venture Partners, founded in 1995, has raised more than $13 billion and invested in more than 280 companies worldwide.
Solis Capital Partners, which was founded by Daniel Lubeck, is a private equity firm specializing in companies generating revenues of $15 million to $100 million, in the service, software and niche manufacturing sectors.
Solis Managing Partner Craig Dupper said Resolve transformed itself into a leading incident response software provider through product development, rebranding and leadership team building.
Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., was the exclusive financial advisor to Resolve Systems.
