Klass Software’s acquisition of incident management software company PPM 2000 is the first step in an evolution to build a broad, unified software solution to manage multiple aspects of the security function. In buying PPM, Klass sought to obtain “a very good platform business and grow it with the existing team,” says Will Anderson, CEO of Klass Software (and now CEO of PPM). He sees expansion and enhancement of PPM as a “long-term project,” maybe 10 years.
Klass Software is the acquisition group of Klass Capital, an enterprise software growth equity fund headquartered in Toronto. The acquired company will continue to operate as PPM, and the head office will remain in Edmonton, Alberta.
