With the transaction, of undisclosed amount, Vista Equity Partners sold its shares and will no longer retain its interest in Mitratech. In conjunction with the deal, Hythem El-Nazer, a Director at TA Associates, and Ashu Agrawal, a Managing Director at TA Associates, will join the company’s Board of Directors.
Founded in 1987 and led by Jason Parkman, CEO, Mitratech delivers integrated matter management, spend management, e-Billing, legal hold, contracts management, entity management, and GRC solutions for over 750 organizations and 100,000 users across the globe in over 150 countries.
Additionally, over 11,000 law firms collaborate with their corporate clients through Mitratech’s e-Billing product offerings.
According to Parkman, the investment will allow the company to stay private and focused on its current strategy while leveraging TA’s global presence and growth focus.