Mercato Partners Announced Acquisition of its Portfolio Company SaltStack, by VMWare

Today, Mercato Partners, announced the acquisition of its portfolio company, SaltStack, by VMWare, a division of Dell, a global leader in cloud computing and virtualization software and services for an undisclosed amount.  Part of the Mercato Traverse Growth Fund III, SaltStack specializes in network, security, and infrastructure automation and management. This marks the fourth portfolio exit in 2020 for Mercato's Traverse Growth Fund. On September 18, Ericsson agreed to purchase Boise, Idaho-based Cradlepoint for a $1.1B all-cash transaction. In June Central Logic was acquired by Rubicon Technology Partners. Finally, in April, Galileo Financial Technologies was acquired by SoFi for $1.2B.