One of the largest and most experienced global growth private equity firms and a US-based investment firm have entered into a strategic partnership to provide best-in-class manufacturing ERP, supply chain and compliance solutions to their global customers.
TA Associates and Vista Equity Partners announced in a statement today that the two companies have entered into a strategic partnership, each investing new equity to acquire Aptean, a leading global provider of mission-critical, industry-specific enterprise software solutions.
Operating as equal partners, TA and Vista will provide Aptean with the benefits of “two experienced investment partners” and will enable the company to leverage TA’s global add-on acquisition origination and integration capabilities along with Vista’s operational expertise. The partnership will look to position Aptean for “substantial organic and inorganic growth.”
“We are thrilled to partner with TA and Vista as we enter this next phase of growth,” said TVN Reddy, CEO of Aptean. “Over the past year, we streamlined and re-focused Aptean’s product portfolio through the divestitures of Aptean’s public sector, healthcare, and vertical business applications assets. We believe Vista’s continued commitment and TA’s new perspective will equip us with the external resources, capital, and expertise to further strengthen and advance Aptean as the market leader in manufacturing ERP, supply chain and vertically-focused compliance solutions globally.”
The news follows a long line of a refocusing of Aptean’s product portfolio, as it looked to zero in on industry-specific ERP, supply chain and compliance solutions. In 2018, Aptean announced that it had divested its public sector and healthcare assets. As a result of this, the business is “solely positioned to invest in its core, vertical solutions and continue the development of next-generation SaaS products for its customers.”
“We are very pleased to be investing in Aptean, one of the leading manufacturing ERP, supply chain and compliance software providers globally,” said Hythem El-Nazer, a Managing Director at TA Associates. “With its global and loyal customer base, talented management team and accelerating focus towards delivering cloud products, we believe Aptean is well positioned to take advantage of organic and inorganic strategic initiatives. Furthermore, we are confident that the combination of the breadth of value-add capabilities that TA and Vista bring will help enable further acceleration in growth. We are excited about the next chapter of Aptean and are committed to ensuring the business has the resources necessary to continue to innovate and bring new products and functionality to customers.”