OceanSound Partners Recapitalizes Netrix, LLC

OceanSound Partners Makes Strategic Investment in Lynx Software Technologies

June 23, 2022

Software

Lynx Software Technologies, a San Jose-based developer of open-architecture software for mission-critical embedded systems, received a strategic investment from affiliates of OceanSound Partners. The investment will support Lynx's growth, operational improvements, and pursuit of strategic acquisitions to expand its presence across aerospace, defense, industrial, and critical infrastructure end markets.

OceanSound Partners and Apollo S3 Close $1.15B Continuation Fund to Recapitalize SMX

April 4, 2024

IT Services

OceanSound Partners closed a $1.15 billion single-asset continuation fund transaction to extend its ownership and recapitalize SMX, with Apollo S3 as the lead investor in the new fund. OceanSound and SMX management rolled most of their equity and will remain significant investors; the continuation fund will provide incremental capital to support SMX's acquisition-driven growth and digital/military mission-support expansion.

Netrix Acquires Managed IT Services Business Unit from Contegix

July 13, 2021

IT Services

Netrix, LLC has acquired the Managed IT Services business unit of Contegix, LLC, expanding Netrix's managed services, ITSM service desk and cloud capabilities while broadening its geographic presence into the Northeast and Mid‑Atlantic. Contegix will focus on its Application Platform Services business following the divestiture.

Netrix Acquires PSC Group to Expand Cloud Application Development and Data Intelligence Capabilities

September 8, 2021

IT Services

Netrix, LLC has acquired PSC Group, LLC to broaden its cloud application development, modernization and data intelligence capabilities and strengthen its presence in the Midwestern US. PSC's senior leaders (John Quirk, Rick Parham and Michael Reiss) will join Netrix leadership to support integration and client continuity.

Netrix Global Acquires U.S. IT Services Business from Ricoh USA, Inc.

November 4, 2025

IT Services

Netrix Global has acquired the U.S.-based IT Services business (ITS) of Ricoh USA, Inc., expanding Netrix's managed services, cloud, infrastructure and collaboration offerings and broadening its geographic reach across the Northeast, Mid-Atlantic and Southeast. The deal brings Ricoh's ITS team and customer base into Netrix's cybersecurity and digital transformation platform and is intended to increase scale, technical specialization, and investment in product and talent.

Netrix Acquires Edrans to Expand Global Cloud Capabilities

March 17, 2022

IT Services

Netrix has acquired Edrans, a cloud solutions provider with delivery centers in Buenos Aires and Barcelona, to broaden its public cloud, DevOps and managed services capabilities and expand delivery capacity in Latin America and Europe. Edrans—whose team totals over 130 employees—will be integrated into Netrix's international platform; Edrans' founders will remain involved and DC Advisory served as financial advisor to Edrans.