Silverback Enterprise Group, Inc.

Silverback Enterprise Group operated as a holding company with a strategic focus on acquiring and building enterprise software businesses. Founded in 2010 by a team of technology entrepreneurs and operators, the firm was headquartered in Austin, Texas. Its business model was centered on purchasing established software companies that provided mission-critical products to enterprise-level clients. Silverback's leadership team, which included Chairman and CEO Jack McDonald, had a track record of completing numerous technology acquisitions.

The company's strategy involved working closely with the management of acquired companies to foster long-term customer success. This approach was backed by Austin Ventures, a venture capital and growth equity firm, which provided significant financial resources for both organic growth and further acquisitions. Throughout its active years, Silverback executed a series of acquisitions to build its portfolio. Notable acquisitions included Visionael in 2011, followed by Tenrox and PowerSteering Software in 2012. In late 2012, the firm acquired EPM Live, a provider of cloud-based project portfolio management (PPM) software, which was integrated into its PowerSteering Software business. This move significantly expanded its footprint in the PPM market, growing its combined client base to over 800 active enterprise customers and more than a quarter of a million users globally. Subsequent acquisitions included Kalido and Noetix in 2013, further diversifying its software offerings.

Silverback Enterprise Group's portfolio companies operated in sectors such as Enterprise Collaboration and Product Management Tools. One of its prominent holdings was Upland Software, a major provider of cloud-based Project, Portfolio, and Work Management software. According to PitchBook, Silverback Enterprise Group is now listed as 'Out of Business' as of October 2017.

Keywords: software acquisition, enterprise software, holding company, private equity, portfolio management, PPM software, cloud software, tech acquisitions, growth equity, venture capital