Crosslake Expands Product and Software Value Creation with Lucen Partners Acquisition
Deal News | May 28, 2025 | PR Newswire Cision Falfurrias Management Partners
In a strategic move to enhance its software and product advisory services, Crosslake Technologies announced the acquisition of Lucen Partners, a boutique firm specializing in product and software advisory services for private equity-backed technology companies. This acquisition marks Crosslake's continuing effort to expand its capabilities to aid private equity firms in enhancing their portfolio companies' value through data-driven technology solutions. Lucen Partners, founded in 2024 by veteran technology executives Manoj Narayanan and Cynthia Williamson, has quickly gained recognition for its proficiency in delivering transformative product and software outcomes. Both Narayanan and Williamson will join Crosslake as managing directors, bringing with them a wealth of experience in the private equity domain. Falfurrias Management Partners, the private equity firm backing Crosslake, applauded the acquisition for aligning with its strategy of enhancing service offerings in cybersecurity, enterprise systems, AI, and product strategy. This acquisition is representative of Crosslake's broader strategy to strengthen its position in the advisory market, leveraging the combined expertise of leading industry professionals.
Sectors
- Technology Advisory Services
- Private Equity
- Software Development and Consulting
Geography
- United States – Both Crosslake Technologies and Falfurrias Management Partners are based in the U.S., with strategic operations highlighted in Charlotte, North Carolina.
Industry
- Technology Advisory Services – This industry is relevant as the article discusses Crosslake and Lucen Partners' focus on technology advisory services for private equity-backed firms.
- Private Equity – The involvement of Falfurrias Management Partners and the advisory services targeted at private equity-backed firms situates the activity firmly within the private equity domain.
- Software Development and Consulting – Lucen Partners specializes in product and software advisory services, making this an integral industry classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crosslake Technologies | Bidding Company | Company | A leader in data-driven technology advisory services for private equity firms and their portfolio companies. |
| Lucen Partners | Target Company | Company | A boutique advisory firm specializing in product and software advisory services for private equity-backed technology companies. |
| Falfurrias Management Partners | Private Equity Firm | Company | A private equity firm backing Crosslake, focusing on growth investments in middle-market companies. |
| Manoj Narayanan | Co-founder of Lucen Partners | Person | Co-founder of Lucen Partners, set to join Crosslake as a managing director. |
| Cynthia Williamson | Co-founder of Lucen Partners | Person | Co-founder of Lucen Partners, set to join Crosslake as a managing director. |