Fox Technologies, Inc., a Grand Rapids, MI-based provider of network security and access management software, acquired GroundWork Open Source Inc., a San Francisco-based provider of unified monitoring solutions for IT operations management, performance analysis, and cloud monitoring.
The amount of the deal was not disclosed.
The acquisition of GroundWork aligns with the company’s strategy to be a leader in infrastructure and security management and adds a value proposition to its customer base.
Led by Victor Shepherd, chief executive officer, Fox Technologies provides companies with network security and access management software to protect corporate information assets by centrally enforcing granular access entitlements in real time across diverse server environments.
Fox is a portfolio company of Parallax Capital Partners.