About the transaction
Corum Group Ltd. guided the acquisition of its client, PowerTech Group, Inc., by Help/Systems, Inc., together with Audax Group. PowerTech is the leading security expert in managing evolving compliance and data privacy threats with automated security solutions for IBM Midrange Servers. Help/Systems develops, markets, and supports the world's leading System i software solutions.
The acquisition of PowerTech supplements Help/Systems’ product offering in the security software market. Audax will continue to work with management to execute a growth strategy focused on international markets, new product introductions, and strategic add-on acquisitions.