Founded in 1984, Palisade serves more than 150,000 decision makers in more than 90 countries and in 93 of the Fortune 100 companies. Its software solutions, @RISK and the DecisionTools Suite, enable Microsoft Excel and other technology platforms to perform risk modeling and decision analysis.
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses.
“After multiple transactions with Abacus, we know them well, and once again they closed quickly – in large part because of their knowledge of the software sector,” said Thompson Street Vice President Stefan Sigurdson.
“Thompson Street is a top sponsor with deep expertise in software,” said Tim Clifford, president and CEO of Abacus. “It is a firm with which we have had one of our longest relationships, and one which values our flexibility and our ability to close quickly – key elements of what we call our Total Partnership Approach™.”
Abacus team members involved in the transaction included Jonathan Choa and Brian Green. Goulston & Storrs provided legal counsel to Abacus.