Rootstock Software Acquires Ascent Solutions

Gryphon Investors Completes Majority Investment in Rootstock Software

August 1, 2022

Cloud & SaaS

Gryphon Investors has made a majority investment in Rootstock Software, a San Ramon–based provider of cloud ERP built on the Salesforce Platform. Salesforce Ventures and Rootstock's management team also reinvested alongside Gryphon to support product development and accelerated growth in manufacturing, distribution, and supply chain markets.

Rootstock Software Acquires Praxis Solutions

November 17, 2025

IT Services

Rootstock Software has acquired Praxis Solutions, LLC, a Salesforce consulting and implementation firm. Praxis founder Ohad Idan will join Rootstock as Vice President of Product and the Praxis consulting team will be integrated into Rootstock’s Global Professional Services to deepen Salesforce ecosystem expertise and expand professional services capacity.

Ascend (Pfingsten) Acquires WebSan Solutions

July 9, 2025

Cloud & SaaS

Pfingsten’s portfolio company AscendERP Holdings (Ascend) has acquired WebSan Solutions Inc., a Toronto-based provider of AI-enabled ERP, CRM, analytics and Microsoft Dynamics Business Central implementation and support services. The add-on deal — Ascend's third under Pfingsten — closed in May 2025 and is intended to deepen Ascend’s delivery capabilities, expand its IP library and diversify its geographic footprint.

Pfingsten Launches Ascend Platform with Investments in Rand Group and MicroAccounting

May 22, 2024

Cloud & SaaS

Pfingsten launched a new platform, AscendERP Solutions (Ascend), and invested in Rand Group Solutions, LLC and Maxerp, LLC dba MicroAccounting to create a diversified AI-enabled cloud ERP and CRM services platform. The transactions bring together Rand Group’s Microsoft and NetSuite expertise (Houston) and MicroAccounting’s Sage capabilities (Dallas) to expand implementation, managed services and recurring revenue offerings.

UKG Acquires Ascentis Corporation

March 9, 2022

Cloud & SaaS

UKG Inc. has acquired Ascentis Corporation, a full-suite HR and workforce management software provider headquartered in Eden Prairie, Minnesota. The deal brings several hundred Ascentis employees (including staff in Montevideo, Uruguay) and roughly 4,800 customers into UKG, strengthening UKG's HCM, payroll and workforce management capabilities.

Wesco International Acquires Ascent for $185 Million

November 3, 2024

IT Services

Wesco International entered into a definitive agreement to acquire Ascent LLC, a provider of data center facility management services, for a cash-free, debt-free purchase price of $185 million. The acquisition complements Wesco’s data center solutions portfolio with Ascent’s site operations capabilities, engineering/design-build expertise, and its proprietary Navigator client dashboard platform.