Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group MUFG, announced today that it served as an exclusive financial advisor to XYPRO on its sale to PartnerOne, a private investment firm that acquires enterprise software companies for the long term.
Founded in 1983 and headquartered in Simi Valley, California, XYPRO provides risk management and cybersecurity software, offering threat detection, identity and access management, and database management solutions specifically designed for fault-tolerant servers. The Company focuses on protecting mission-critical systems and data to ensure continuity of business operations for enterprises across industries such as financial services, healthcare, retail, and technology. XYPRO’s flagship security suite, XYGATE SecurityOne, secures data, enables digital resiliency, and protects critical infrastructure.
With PartnerOne’s global scale and resources, XYPRO is positioned to expand its reach and accelerate innovation while continuing to deliver exceptional value to its loyal customer base worldwide. As a part of the transaction, Lisa Partridge, who has led XYPRO for over a decade, will be retiring from her role as CEO. Steve Tcherchian, who has been with XYPRO for over 10 years and boasts over 20 years of cybersecurity experience, will assume the CEO position at XYPRO.
“Chris and the Intrepid team were exceptional partners throughout this process—their guidance and experience were instrumental in achieving a successful outcome,” remarked Steve Tcherchian, CEO of XYPRO. “This marks a new chapter in XYPRO’s journey. PartnerOne’s long-term vision and commitment to enterprise software aligns with our mission to secure the world’s most critical systems. I’m honored to step into the CEO role and build on the foundation Lisa established. Together, we will accelerate innovation, expand our global impact, and continue delivering the trust, security, and resilience our customers expect.”
“Working with Intrepid was the best decision we could have made. The team was thorough, professional and very supportive throughout the entire process. XYPRO’s interests were well represented as Intrepid guided us through a successful transaction,” Lisa Partridge, former CEO of XYPRO, now happily retired added.
“It was a pleasure working with Lisa, Steve, and the entire XYPRO team to facilitate their partnership with PartnerOne,” commented Christopher Park, Managing Director and Head of the Software & Services Group at Intrepid. “With PartnerOne’s added support and resources, XYPRO is well positioned for its next phase of growth, and we look forward to seeing XYPRO thrive in this new chapter.”