2ndWave and PSG completed the acquisition of Jams from Fortra.

2ndWave, a company that specializes in partnering with middle-market enterprise software companies to accelerate growth and PSG, specializing in growth equity investments in lower middle market software and technology-enabled service companies, completed the acquisition of Jams, an enterprise job scheduling and workload automation solutions, from Fortra, a software development company. Financial terms were not disclosed. “This investment marks an exciting new chapter for JAMS. With the backing of PSG and 2ndWave Software, we believe that we will accelerate our innovation roadmap and increase our investment in development, ensuring our customers continue to benefit from high-quality workload automation and job scheduling solutions.” Peter Hegland, 2ndWave Chief Executive Officer.