LOS ANGELES, July 26, 2016 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a growth equity investment in Tidemark, a market-leading provider of enterprise performance management (EPM) software. With scalable, high-performance computing capabilities that serve as the foundation for big data in finance and predictive analytics, Tidemark offers a next-generation, pure-cloud platform that can handle in-memory calculations 10x faster than competing solutions. The investment from Marlin will be used to accelerate expansion into new geographies and markets, and to build on Tidemark’s success to date with over 30 new client implementations and annual recurring revenue growth of over 100% in the last year. Tidemark is headquartered in Redwood, California, with additional offices in Europe.
“This was a unique opportunity to partner with an exciting company in a complex and fast-moving market. Marlin has gained significant experience and success to date investing in the EPM space, and we are excited to support Tidemark and work together to accelerate this new phase of growth” said Shawn McMorran, a partner at Marlin. “Large enterprises are undergoing massive change in how they make decisions about their businesses and we believe Tidemark offers an unparalleled solution for its customers around the globe.”
“We sought a global firm that has a track record of successfully supporting companies with industry changing, first-to-market technologies,” stated Christian Gheorghe, Founder and CEO of Tidemark. “Marlin shares our vision of helping companies better manage their businesses through innovative, next-generation technology. We couldn’t be more pleased to find such a complimentary partner.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Tidemark:
Tidemark is a new breed provider of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Customers rely on the Tidemark platform and advanced analytics cloud to sharpen decision making, reduce risk and improve business performance. Using Tidemark’s unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration and actionable visualizations from any device. For more information, please visit www.tidemark.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com