OceanSound Partners completed an investment in Netrix.

OceanSound Partners, a middle-market private equity firm, completed an investment in Netrix, a cloud and collaborative products and services provider. Financial terms were not disclosed. "At OceanSound we invest in businesses buoyed by strong secular tailwinds – Netrix is riding the wave of two important trends: the complete outsourcing of IT management by small and midsized enterprises to managed service providers and the transition of enterprise communications and collaboration solutions from on premises to the cloud. These trends, along with Netrix's differentiated offerings, subject matter expertise, and customer intimacy, are driving significant organic growth. Rob Dang, his partners, and all the talented employees of Netrix have a track record of delivering successful outcomes for their clients, and we are extremely excited to embark on the next phase of Netrix's evolution together. We anticipate making significant investments in the Company to drive incremental differentiation and growth," Ted Coons, OceanSound Partner and Co-Founder.