Alantra has acted as exclusive financial advisor to GRAX on its sale to Ascendx, which will merge GRAX with its existing portfolio company CapStorm to create a unified leader in enterprise data management.

GRAX is a provider of data protection and lifecycle management solutions, enabling organizations to capture, store, and analyze historical Salesforce data within their own cloud environments. Its Bring Your Own Cloud (BYOC) architecture supports compliance, governance, and analytics use cases, giving enterprises full control and intelligence over their Salesforce data.

Joe Nau, Director at Alantra, said: “We are excited to have advised on a transaction that brings together two market leaders in the Salesforce ecosystem, creating a definitive leader for Salesforce data ownership, from backup and compliance to AI-enabled analytics. We congratulate the GRAX and CapStorm teams and wish them continued success.”

This transaction adds to Alantra’s growing track record in software and technology, following recent transactions including the sale of SpearMC to Mythics, Sincera to Virtusa, and Joblogic’s strategic investment from Vista Equity Partners.

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