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Turn/River
Redwood Software leaders, L to R: CEO Kevin Greene, CFO and COO Ashish Joshi, and Chief AI & Innovation Officer Abhijit Kakhandiki. [Photos: Redwood Software]
North Texas-Based Redwood Software To Be Acquired by Austin and New York PE Firms
by Lance Murray | Sep 11, 2024
While terms of the deal were not disclosed, Reuters reported in August that Turn/River Capital was exploring a sale of Frisco-based Redwood—a global provider of automation fabric solutions—to other private equity firms in a deal that would value Redwood at $2.5 billion, including debt. The company serves more than 7,500 customers globally, including 28% of the Fortune 500 and 40% of the Fortune 50.
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They’ve all discovered that their next big idea might come from a college classroom....
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