Baker McKenzie has successfully advised client, PSG Equity (PSG) on the strategic growth investment in Uptick, a job management software for fire, safety, security, and field service professionals.
PSGʼs investment seeks to support Uptickʼs commitment to product innovation and continued global expansion with a focus on North America acceleration.
Uptick is a global leader in job management software for the fire protection maintenance industry. Over 1.6 million buildings and 26 million pieces of life, health and safety equipment are maintained using Uptick's software every year.
Baker McKenzie lead partner, Liam Hickey stated: “We were pleased to again assist on a PSG investment, this time in Uptick, which will drive further development in its leading all-in-one platform. PSG have a strong track record of investing in rapidly growing software companies around the world that are ready to take the next step to achieve scale. This transaction is testament to the attractiveness of Australian software companies to global investors. We look forward to seeing the continued growth of the Uptick business under PSG.”
Liam was assisted by a Baker McKenzie team comprising Sidney Jones, Peter Keeran, Marissa Volaris, William Owen, Kellie-Ann McDade, Sinan Alnajjar, Joshua Donald, Jarrod Bayliss-McCulloch, Matthew Dempsey, Vi Ky Lam, Addison Naylor, Miles Hurst, Alexandra Stead, Aleksandra Zochowski, and Austin Nguyen.
In March this year, Baker McKenzie successfully advised PSG on acquiring a majority stake in Protecht Group for AUD 445 million. Protecht provides a complete risk solution comprised of world class enterprise risk management, compliance, training and advisory services to businesses of all sizes, regulators and governments across the world.
Weil, Gotshal & Manges advised PSG on US aspects of the acquisition.