Toronto, Ontario – April 27, 2018 – Interwork Technologies Inc. today announced that it was acquired by private equity firm FirePower Equity Inc. Financial terms were not disclosed. As a specialty cyber security distributor serving a broad network of Solution Providers in the U.S. and Canada for over 25 years, Interwork’s award-winning service model was a great fit for a private equity partner.
“We are excited to have access to FirePower Equity’s depth of financial expertise and executive talent to steer the company through its next growth phase,” says Joe Graci, President & GM, Interwork. “Preserving the specialty distributor experience and investing in channel partner enablement were key factors in our decision.”
FirePower Equity, a division of FirePower Capital, is a Toronto-based Private Equity firm focused on the midmarket space.
Anthony Lipschitz, Partner at FirePower Equity, said, “Interwork is a compelling platform given its clear and quantifiable value proposition to both Vendors and Solution Providers, underpinned by a scalable service model and distinguished by a strong leadership team. We look forward to partnering with and supporting Joe Graci and the broader Interwork team to capitalize on the Company’s significant growth opportunities to build the premier cyber security distribution platform and continue to provide best-in-class service for its customers.”
In a competitive industry that is constantly evolving, Interwork has proven its ability to navigate and prosper with its dynamic and agile approach to partner enablement. Year over year the company has seen growth amid a constantly changing competitive landscape. The dedicated team of professionals and longstanding vendor partnerships have helped spur this growth and created lasting, mutually beneficial business relationships. As a specialty cyber security distributor, Interwork delivers value through a high touch service model and deep domain expertise in cyber security.
Interwork will continue to operate in two locations, Toronto, Ontario and Buffalo, New York, with Anthony Lipschitz serving as Interwork’s Chairman. With the ever-changing competitive landscape and rapidly evolving cyber security threat environment, Interwork’s new ownership structure will enable the company to address underserved areas in the channel. Interwork will continue to strive to deliver exceptional service, value and expertise that partners have come to expect.