SAN MATEO, CALIFORNIA- January 12, 2022- Bridgepointe Technologies, a leading IT strategy firm that provides unbiased solutions to help midmarket and enterprise companies meet their technology needs, today announced a strategic growth investment from Charlesbank Capital Partners. Bridgepointe raised more than $100 million in total as part of the transaction. The capital will be used to fuel continued growth including partner recruitment and enablement, service and brand expansion, and the addition of key personnel. The investment will also provide significant capital to fund acquisitions.
Based in San Mateo, CA, Bridgepointe was founded in 2002 on the principle that businesses need a strategic partner and advocate when procuring, implementing, and maintaining IT services and infrastructure. The Company's IT Strategists offer business leaders direct access to a large portfolio of vendor-agnostic solutions, employing a six-step model that starts with getting to know a client's business, challenges, and goals, and culminates in recommendations and support around supplier selection.
"As businesses are contending with the future of work, IT teams have never needed a trusted partner more for strategic guidance and tactical assistance," said Scott Evars, Bridgepointe Co-Founder. "Growing demand for our services in key areas like UCaaS, CCaaS, Data Centers, Cloud, SD-WAN and Security, means now is the time for us to maximize our growth potential. With this investment, we'll be able to fast-track customer adoption and partner recruitment, as well as enhance our offerings."
"We are proud of our accomplishments since the day we started Bridgepointe, and our mission will not change," said Brian Miller, Bridgepointe Co-Founder. "We're the market leader in helping clients find the signal in the noise and make the right technology choices at the right price. Charlesbank's strategic investment will enable us to aggressively seek out partners who do the same and to double down on supporting our customers, IT Strategists and suppliers."
"Buyers of technology today can be easily overwhelmed by a vast range of choices, solutions and integrations, and Bridgepointe's IT Strategists serve a crucial role in helping businesses save time, money and stress," said Pedro Vaz, Managing Director at Charlesbank. "We see great potential for Bridgepointe in this highly fragmented market as traditional solutions move to the cloud and the Company continues to expand its core areas of focus. We look forward to helping Bridgepointe build on its reputation and brand to capitalize on these exciting market opportunities."
Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Bridgepointe in connection with the transaction.
We started having meaningful conversations around a capital raise for our company and were referred to Q Advisors by numerous people in the industry. From start to finish, the team at Q Advisors helped us navigate a process that was very foreign to us, making sure we focused on what was truly important in selecting the right capital partner given our goals. On more than one occasion, especially in the last 30 days before closing, we were certain that the deal would not see to close- thanks to the tireless involvement from the QA team, were able to cross the finish line with an outcome that could not have been better. We would strongly recommend working with the team at Q Advisors. From the beginning, we found their process and hands on approach to be instrumental to our success, as the entire team provided value at every step of the way. We look forward to working with the Q team on future transactions!Scott Evars, Co-Founder, Bridgepointe Technologies, Inc. & Brian Miller, Co-Founder, Bridgepointe Technologies, Inc.