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Technology Holdings advises Woodridge Software, a Fintech Software Development Company, on its sale to RCG Global Services

Aug 2023
Has been acquired by

Fintech Software Engineering

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Technology Holdings advises Woodridge Software, a Fintech Software Development Company, on its sale to RCG Global Services
Seller Woodridge
Buyer RCG Global services
Focus Sector Fintech Software Engineering
Date August 2023

Technology Holdings is pleased to announce that it has acted as the exclusive financial advisor to Colorado-based Woodridge Software on its sale to RCG Global Services, a Frontenac portfolio company.

quote From my first meeting with Technology Holdings through to close, they have been amazing - professional, proactive and delivered on all our objectives, always working in Woodridge's interests. I'm shocked that the deal went so smoothly, as I've never heard of any deal working as seamlessly as this one has. I kept telling my team that a deal needs to fall apart 5 times before it closes, but it never did - A testament to the TH team! Thanks for your hard work and diligence, we appreciate it.
Kaj Gronholm CEO, Woodridge Software

With over two decades of software development expertise, the Woodridge team specializes in creating digital products and services for financial services companies. Woodridge has extensive partnerships with leading FinTech companies including Temenos, Alloy, Personetics & MaxMyInterest and has successfully delivered projects to banks and credit unions across the United States, Canada, and Europe.

RCG Global Services is a global digital transformation provider that serves Fortune 1000 enterprise clients across a range of markets, with special emphasis on the consumer, financial services, insurance and healthcare industries. As a result of the acquisition, RCG expands its delivery team in the U.S. to provide clients with more resources to accelerate their digital transformation journeys.

“We are very excited to welcome the talented team of Woodridge Software to the RCG family,” said Ramesh Ramani, RCG CEO. “The Woodridge team expands our geographic footprint in the Western U.S. and deepens our offering of solutions, especially in the financial services market. In joining the RCG team, Woodridge clients have access to a larger portfolio of solution offerings as well as access to world class offshore service delivery.”

“Woodridge has been built by an extremely dedicated team, whose talents allow us to exceed our client’s expectations. RCG allows our team to continue to grow, and their culture of exceptional people is a great fit,” said Kaj Gronholm, Woodridge CEO. “We are looking forward to growing the combined company and allowing our people to thrive and helping our clients expand with exceptional software.

Terry Kavanaugh, Managing Director at Technology Holdings, “It has been a real pleasure to support the Woodridge team as they take their next steps along their growth journey. The team was amazing to work with throughout the entire process – from the very first set of meetings through the closing. We are thrilled to have helped Woodridge achieve its strategic objectives and equally important, find a really good cultural fit with RCG.”

Vivek Subramanyam, Founder and CEO of Technology Holdings added, “We are delighted to have closed this transaction in Fintech Software Engineering – it is also our 29th Fintech transaction. We are pleased with the outcome achieved for Woodridge and RCG and wish Kaj, Jen and Scott the very best on the next leg of their journey.”

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