Predict your next investment

Private Equity
parallaxcap.com

See what CB Insights has to offer

Investments

2

Portfolio Exits

4

Funds

1

Service Providers

1

About Parallax Capital Partners

Founded in 1999, Parallax Capital Partners is a Laguna Hills, California based private equity firm.

Parallax Capital Partners Headquarter Location

23332 Mill Creek Dr. - Suite 155

Laguna Hills, California, 92653,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Parallax Capital Partners News

Quest Software Acquires Erwin To Boost Its DataOps Offerings

Jan 6, 2021

The sale of Erwin by its private equity firm owner is the latest chapter in the company’s lengthy history that includes being owned by Platinum Technology and Computer Associates. By Rick Whiting  January 06, 2021, 11:45 AM EST Quest Software has acquired onetime CA Technologies spinoff Erwin in a move to bolster its data management and DataOps offerings. Quest bought Erwin from its owner, private equity firm Parallax Capital Partners, for an undisclosed sum. Quest, based in Aliso Viejo, Calif., said the acquisition closed Dec. 31, 2020 and the company disclosed the deal Tuesday. Erwin, based in Melville, N.Y., is a long-time developer of data modeling and metadata management software that in recent years has expanded into data governance and business process modeling. The company’s product portfolio includes Erwin Data Modeler for developing big data applications, the Erwin Data Intelligence Suite for locating and classifying data, and the Erwin Evolve Suite of business process modeling tools. Quest said the acquisition will strengthen its technology portfolio in DataOps, the collective term for tools and practices that businesses and organizations use to automate big data management tasks including data collection, governance and analytics. DataOps is widely seen as a critical component of the digital transformation initiatives many businesses and organizations are undertaking today. “Data-centric projects are rapidly accelerating across the enterprise. Together, Quest and Erwin will continue to deliver database tools aimed at helping companies know their data, alleviating concerns about where and how their data is used,” said Patrick Nichols, Quest Software CEO, in a statement. Erwin’s original software product was created in 1993 by Logic Works. Through a series of acquisitions, including to Platinum Technology in 1998, the Erwin product line became part of software giant Computer Associates in 1999. Erwin was spun off and sold to Parallax in 2016. The company has some 3,500 customers globally. Quest markets a broad range of systems management, security and data management software – the latter including data protection and database management tools. The addition of Erwin will greatly expand that lineup, Quest said. “Quest was already dominant in database tooling and performance monitoring, and now, by combining with Erwin’s industry-leading data modeling, data intelligence, and Evolve products, this acquisition further establishes Quest as a major player in the enterprise data management market end-to-end,“ Nichols said. Erwin will be incorporated into Quest’s Information Systems and Management business unit, overseen by president and general manager Heath Thompson who was just hired for the post in November. The ISM business unit markets the company’s database management, data protection and unified endpoint management products that are designed to help businesses manage, monitor, move and protect data across their organizations. “Quest and Erwin‘s products together provide a powerful solution for the digital transformation that today’s enterprises require to stay competitive and address ever-growing concerns of stewardship and compliance,” said Erwin CEO Adam Famularo in a statement. “Thanks to metadata-driven automation, all stakeholders can discover, harvest, understand, govern, and socialize data assets to unleash more potential and greater value while mitigating risk.” Quest did not disclose additional plans for combining Erwin’s business operations with its own or whether Famularo would have a role within the company. Famularo, previously Verizon’s channel chief, was hired to be Erwin’s CEO in April 2016. Related Topics:

Parallax Capital Partners Investments

2 Investments

Parallax Capital Partners has made 2 investments. Their latest investment was in BBNK as part of their Unattributed on October 10, 2019.

CBI Logo

Parallax Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/14/2019

Unattributed

BBNK

$14.54M

Yes

1

Other Investors

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/14/2019

Round

Unattributed

Other Investors

Company

BBNK

Subscribe to see more

Amount

$14.54M

$99M

New?

Yes

Subscribe to see more

Co-Investors

Sources

1

10

Parallax Capital Partners Portfolio Exits

4 Portfolio Exits

Parallax Capital Partners has 4 portfolio exits. Their latest portfolio exit was Fox Technologies on December 13, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/13/2017

Acquired

1

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

12/13/2017

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

Subscribe to see more

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$991

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

Parallax Capital Partners Acquisitions

5 Acquisitions

Parallax Capital Partners acquired 5 companies. Their latest acquisition was Quark Software on July 12, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/12/2017

Acq - Fin

Acq - Fin - II

1

3/31/2014

Acq - Fin

Subscribe to see more

$991

$99M

Subscribe to see more

10

9/26/2013

Acq - Fin

Subscribe to see more

$99M

Subscribe to see more

10

6/10/2013

Acq - Fin

Subscribe to see more

$99M

Subscribe to see more

10

7/27/2010

Asset Sale

Subscribe to see more

$991

$99M

Subscribe to see more

10

Date

7/12/2017

3/31/2014

9/26/2013

6/10/2013

7/27/2010

Investment Stage

Acq - Fin

Acq - Fin

Acq - Fin

Acq - Fin

Asset Sale

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Fin - II

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

Parallax Capital Partners Fund History

1 Fund History

Parallax Capital Partners has 1 fund, including Parallax Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/12/2014

Parallax Capital Fund

Buyouts & Acquisitions

$115M

1

Closing Date

5/12/2014

Fund

Parallax Capital Fund

Fund Type

Buyouts & Acquisitions

Status

Amount

$115M

Sources

1

Parallax Capital Partners Service Providers

1 Service Provider

Parallax Capital Partners has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Parallax Capital Partners Team

7 Team Members

Parallax Capital Partners has 7 team members, including current Chief Financial Officer, Richard Campbell.

Name

Work History

Title

Status

William Koneval

Founder

Current

Scott Lencz

Founder

Current

Richard Campbell

Chief Financial Officer

Current

Brad Clark

Senior Vice President

Current

Mike Hale

Senior Vice President

Current

Name

William Koneval

Scott Lencz

Richard Campbell

Brad Clark

Mike Hale

Work History

Title

Founder

Founder

Chief Financial Officer

Senior Vice President

Senior Vice President

Status

Current

Current

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.