Mersive has announced that it has reached an agreement with its private equity ownership group to acquire a controlling interest in Mersive. The management team is led by current CEO, Damian Blazy, and current CFO, Tom Gioia, and marks the return of Rob Balgley, Mersive’s founder and long-time CEO, rejoining as executive chairman.
The statement released to the press signed by Blazy, Balgley, and Gioia said;
"Securing a majority interest affirms management and staff confidence in Mersive’s long-term potential and solidifies our commitment to our customers, channel partners, and team. The future of workplace collaboration is changing rapidly, and this transition affords us the operating freedom to stay ahead of the market and expand our global reach. And, most importantly, this buyout gives us the autonomy to make decisions that best serve our customers and reseller partners.
"Over the past few years, we’ve weathered a global pandemic which resulted in economic ups and downs and transformed workplace norms. But with continued support from customers and resellers, and steadfast loyalty from our staff, we maintained our commitment to what has always distinguished us: marketplace disruption with a focus on financial performance. The backbone of our strength has always come from our people and our culture – and by securing operational and financial control we can stay focused on what’s made us a market leader."