August 2023 - Houston, TX - Deerwood Advisors (“Deerwood") is pleased to announce that it served as advisor in connection with Capstreet backed WIN-911's acquisition of SyTech and the combined company's rebrand to SmartSights.
WIN-911 is a provider of industrial monitoring, alerting, and notification software. SyTech is a provider of industrial reporting software that helps organizations transform raw process data into actionable information. The transaction combines two complementary industrial software platforms and establishes SmartSights as a broader operational intelligence provider serving customers across critical industrial environments.
“The combination of WIN-911 and SyTech creates a stronger, more comprehensive platform for industrial customers looking to improve visibility, responsiveness, and decision-making," said Jim Turner, Managing Partner at Deerwood Advisors. “We believe the SmartSights brand reflects that expanded mission and the long-term strategic opportunity created by the transaction."
The deal reflects Deerwood's experience working alongside software and technology enabled businesses on transactions that combine mission critical products, broaden end market relevance, and support scalable growth.
WIN-911, founded in 1974 and headquartered in Austin, Texas, has spent decades helping industrial operators monitor critical systems through alarm notification and response software. The company built a longstanding position in industrial automation and plant operations, and its product heritage will now serve as a foundational component of the broader SmartSights operational intelligence platform.
SyTech, founded in 1994 and headquartered in Franklin, Massachusetts, is the developer of XLReporter, an industrial reporting platform used by customers across a wide range of industries, including large global enterprises. The company’s software is deployed in facilities around the world and helps operations teams convert plant and process data into usable reporting, compliance, and performance insights.
Deerwood Advisors is a boutique investment banking and advisory firm providing M&A advisory, capital raising, Buyside, Sellside and strategic advisory services to lower middle-market companies. Deerwood specializes in helping entrepreneurs, family owned businesses, and management teams navigate complex transactions to achieve their long-term goals. For more information, visit www.deerwoodadvisors.com.