Catapult Advises Silverback Enterprise Group on Acquisition of Tenrox

PR Log (Press Release) — Feb. 15, 2012 — SAN FRANCISCO, California, Feb.15 /Catapult Advisors LLC announced today that it advised Silverback Enterprise Group on the acquisition of Tenrox, Inc.

Tenrox, based in Montreal, Canada, provides SaaS-based project management software to over 800 organizations including IBM, GE, Rio Tinto and the US Army. The Tenrox acquisition is a critical step in Silverback’s strategy to build the leading provider of cloud-based project and portfolio management software.

Tenrox’s operations will be combined with the operations of Silverback portfolio company PowerSteering Software. The combined company will operate under the PowerSteering name and will have over 500 active enterprise customers and 150,000 active users in more than 50 countries worldwide.

“Catapult Advisors was a tremendous partner to work with, from the start of the project, through the finish,’ said Jack McDonald, CEO of Silverback. “Their deep understanding of the software landscape and their extensive transaction expertise were huge assets to the Silverback team. We look forward to working with Catapult again in future as we grow our business.’

About Catapult Advisors
Catapult Advisors is an investment bank and M&A advisory firm serving the software and internet sectors. Founded in 2001, the firm provides capital raising and M&A advisory services (both sell-side and buy-side) to privately-held companies, public companies, and several of the world’s leading private equity firms. Catapult has advised and guided software and internet companies in the United States, Canada, Europe, Asia Pacific, and Israel. For more information, visit

About Silverback Enterprise Group
Silverback Enterprise Group acquires, optimizes and builds industry-leading software companies that provide mission-critical software products to enterprise customers. Silverback works with outstanding entrepreneurs and management teams to ensure the singular focus at every Silverback company is long-term customer success. Founded in 2010, and backed by Austin Ventures, a $3.9 billion venture capital and growth equity firm, Silverback’s leadership team has a proven track record, having completed 21 successful enterprise technology acquisitions in the past 10 years. Silverback is fully funded and actively pursuing acquisition opportunities. Visit for more information.