Rich Fennessy

Rich Fennessy

The latest issue of Executive Perspective features Rich Fennessy, CEO of Trace3, and third-time participant in martinwolf‘s Executive Perspective (he was featured with Kudelski Security and FishNet Security). Rich Fennessy has a proven track record as the CEO of numerous leading international IT businesses over the last 30+ years. In this issue, he dives into how his prior role as the CEO of Switzerland-based Kudelski Security and US-based FishNet Security differs from Trace3 and how Trace3 differentiates itself in the crowded IT marketplace. He discusses his transition to CEO at Trace3 and how he expects to move the company forward by introducing new solution capabilities and geographic expansion. Fennessy also shares his thoughts on trends in the IT industry and how he sees Trace3 positioned to serve the emerging needs of their clients.

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06 Feb 2024

NWN Carousel acquired by American Securities

Financial Information Revenue: Approx. $900 million Enterprise Value: N/A Transaction Details NWN Carousel announced a transition of ownership from New State Capital Partners to affiliates of American Securities. This transition represents the success of significant investment, organic growth, M&A execution, operational excellence and innovation under ownership of New State Capital Partners. NWN Carousel developed a...

29 Jan 2024

AHEAD to Acquire Computer Design & Integration

Financial Information (USD) Enterprise Value: Approximately $705 Million EV/EBITDA: 9.65x Transaction Details One Equity Partners LLC has entered into a definitive agreement to sell IT services firm Computer Design & Integration to Berkshire Partners-backed AHEAD. The agreement values CDI at approximately $705 million including debt. To fund the transaction, AHEAD plans to issue an incremental...

10 Jan 2024

Hewlett Packard Enterprise to Acquire Juniper Networks

Financial Information ($USD) Enterprise Value: $14.0 Billion EV/LTM Revenue: 2.48x EV/LTM EBITDA: 20.91x   Transaction Details Hewlett Packard Enterprise (NYSE: HPE) and Juniper Networks, Inc. (NYSE: JNPR), a leader in AI-native networks, today announced that the companies have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40.00 per...