Professional Datasolutions, Inc. (PDI), a Temple, Texas-based provider of ERP software and services to the convenience retail and petroleum wholesale marketer industries, received a majority investment from TA Associates.
The financial terms of the transaction were not disclosed. In conjunction with the deal, Harry D. Taylor and Hythem T. El-Nazer, Managing Directors at TA Associates, will join the PDI Board of Directors.
The strategic investment will allow PDI to accelerate investments in products.
Founded in 1983 by Greg Gilkerson, CEO, PDI provides convenience store retailers and wholesale petroleum marketers with enterprise resource planning (ERP) software solution and related services to operate their businesses.
The company’s core system, PDI/Enterprise, features multiple suites address a number of functional areas, including retail automation, supply chain management, business intelligence, financial reporting and workforce management.
PDI has more than 330 customers operating more than 31,000 locations worldwide.
Luminate Capital Partners, a San Francisco-based private equity firm focused on making control investments in middle market software and software-enabled services companies, which invested in PDI in April 2015, exited the company in conjunction with the deal.