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PDQ Receives Significant Growth Investment from Berkshire Partners

Salt Lake City-based PDQ, a provider of IT asset management software, has announced a significant growth investment from Berkshire Partners in Boston. This investment, together with PDQ’s founders and executive management, as well as existing investor TA Associates in Menlo Park, aims to enhance PDQ’s innovation capabilities. PDQ plans to strategically expand its portfolio of easy-to-use IT asset management and scanning software solutions. The financial details of the transaction were not disclosed.

Founded in 2001, PDQ offers software application inventory and deployment solutions to IT professionals in various industries and business sizes. PDQ’s latest product, PDQ Connect, is an agent-based device and patch management software designed for application deployment, software patching, and running custom remote scripts. With a customer base of over 25,000, PDQ’s primary offerings also include PDQ Deploy, an automated patch management solution, and PDQ Inventory, an endpoint information collection and reporting application for software, hardware, and Windows configuration data. PDQ’s products are known for their simplicity, security, and reliability in assisting system administrators (“sysadmins”) in handling complex IT challenges.

Dan Cook, the Chief Executive Officer of PDQ, stated, “Our products have shown a strong fit with our customer base. Customers expect exceptional speed, ease of use, and affordability from us.” He added, “Since the launch of PDQ Connect, we have already seen sysadmins benefit from its capabilities. With the support of Berkshire Partners and TA, we are confident in entering an exciting new chapter and bringing best-in-class products to the market.”

Jon Nuger, a Managing Director at Berkshire Partners, stated, “PDQ offers unique deployment and inventory management software solutions to its core customers, as evident from its strong customer advocacy among sysadmins.” He further mentioned, “We are supporting a remarkable leadership team and an outstanding business with solid momentum. We believe there are significant opportunities to expand the product offering in the future.” EJ Whelan, another Managing Director at Berkshire Partners, echoed this sentiment.

Harry Taylor, a Managing Director at TA, and John Triebsch, a Vice President at TA, expressed their pleasure in welcoming Berkshire Partners as a fellow investor in PDQ. They highlighted PDQ’s two strategic acquisitions and sustained organic growth since TA’s initial investment in 2021. They also expressed their enthusiasm for collaborating closely with the management team and Berkshire Partners to strengthen PDQ’s position as a leader in the IT asset management space.

PDQ had financial advisory services from William Blair, while Guggenheim Securities served as a financial advisor to Berkshire Partners. legal counsel was provided by Kirkland & Ellis for TA and Ropes & Gray for Berkshire Partners.

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Overall, the implementation of AI legalese decoder can enhance PDQ’s legal operations, enabling the company to navigate complex legal matters more effectively, reduce potential errors, and mitigate risks. It empowers PDQ to make well-informed decisions, supporting its growth ambitions and maintaining its position as a leader in the IT asset management space.

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