April 4, 2023

Yukon Supports Audax Private Equity and Jitterbit with the Acquisition of Zudy

MINNEAPOLIS (April 4, 2023) — Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce its mezzanine and equity investment in Jitterbit, Inc. (“Jitterbit” or “the Company”), a global leader for empowering transformation through automation, to support the acquisition of Zudy, a leading provider of no-code / low-code application-development platforms for enterprise organizations. Jitterbit is a portfolio company of Audax Private Equity (“Audax”).

Zudy’s enterprise-grade application-development platform, Vinyl, is used by a wide variety of commercial and government enterprises, ranging from Optum, Otis Worldwide Corp., and the Department of Defense to retail and media organizations such as J. Crew Group and iHeartMedia. Vinyl enables businesses to build powerful, fully integrated, bi-directional applications through on-premise deployment without a single line of code.

This acquisition expands on Jitterbit’s existing capabilities in the no-code / low-code application-development space, further demonstrating the company’s commitment to providing a best-in-class suite of tools and services for integrating and automating business processes. The newly acquired platform complements Jitterbit’s existing solutions with additional choice and flexibility, making Jitterbit’s full suite of tools and services available via cloud deployment, on-prem installation or a hybrid approach.

“Jitterbit is well positioned in a large and growing market with strong industry tailwinds to support the Company’s impressive growth trajectory,” said Michael Furey, Partner of Yukon. “We are excited to partner with Audax and management to support Jitterbit’s continued expansion of its services and capabilities.”

Dorsey & Whitney LLP provided legal counsel to Yukon.


About Jitterbit

Jitterbit empowers business transformation by automating critical business processes for faster, more informed decision-making. Harmony is the only platform to seamlessly combine and simplify the power of integration, APIM, and no-code app creation to amplify the value of your tech stack and speed up your digital journey. Organizations worldwide rely on Jitterbit’s experience and expertise to help them save time and money, while creating exceptional experiences, now and into the future. For more information, please visit www.jitterbit.com.


About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $60 million per transaction and currently manages over $1.8 billion across four funds. Yukon Partners has offices in Minneapolis, Minnesota, Boston, Massachusetts, and West Palm Beach, Florida. For more information, please visit www.yukonpartners.com.


About Audax Private Equity

Based in Boston and San Francisco, Audax Private Equity is a leading middle market investment firm with approximately $15 billion of assets under management, over 185 employees, and 80-plus investment professionals. Since its founding in 1999, the firm has invested in more than 160 platforms and 1,150 add-on acquisitions. Through our disciplined buy-and-build approach, across six core industry verticals, Audax helps portfolio companies execute on organic and inorganic growth initiatives that fuel revenue expansion, optimize operations, and significantly increase equity value.

Audax Private Equity is a part of Audax Group, a leading alternative investment manager with approximately $36 billion of assets under management. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.


For more information, please contact:

Michael Furey
Yukon Partners