PEAK ROCK CAPITAL AFFILIATE COMPLETES ACQUISITION OF SPATIAL BUSINESS SYSTEMS

PEAK ROCK CAPITAL AFFILIATE COMPLETES ACQUISITION OF SPATIAL BUSINESS SYSTEMS

Jordan Campbell, Managing Director of Peak Rock, said, "SBS represents an exciting opportunity to invest in a rapidly growing software platform within the highly attractive utilities and infrastructure vertical. Investment in utility infrastructure to modernize the power grid and enable more renewable energy sources is of critical importance and SBS' tools offer a best-in-class solution to facilitate efficient and effective design. We are thrilled to partner with SBS to accelerate the Company's growth and support further investments in the product offering as well as expansion into new applications and geographies."

Dennis Beck, Chief Executive Officer of SBS, commented, "We are excited to partner with Peak Rock as we embark on the next chapter of our development. Peak Rock has a deep understanding of our business and customers, and a strong track record of driving sustainable growth by supporting long-term investments. Andy and I are delighted to welcome this new investment and will continue to work closely with the dedicated SBS team to further serve our customers and expand our footprint."

"This transaction exemplifies Peak Rock's commitment to invest in leading enterprise software businesses with a differentiated value proposition that are serving attractive end markets. We continue to actively seek founder-owned platforms that we believe would benefit from our ability to drive transformational growth," added Anthony DiSimone, Chief Executive Officer of Peak Rock.