Gryphon Investors Acquires ERP Software Provider Rootstock.
MANews-(C)2009-2022
San Francisco-based private equity firm Gryphon Investors has completed a majority investment in California-based Enterprise Resource Planning (ERP) software provider Rootstock Software to accelerate growth in the global ERP market, the company said.
Both Salesforce Ventures and the company's management team re-invested in the deal alongside Gryphon.
Terms of the deal were not disclosed.
Rootstock provides cloud-based Enterprise Resource Planning software, built on the Salesforce platform, to manufacturing, distribution, and supply chain organisations, which are increasingly seeking cloud-native, purpose-built ERP...
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