Sparta Systems Inc., a Hamilton, NJ-based provider of cloud and on-premise quality management software, received a growth equity investment from New Mountain Capital, LLC.
The financial details of the deal were not disclosed. Following the investment, previous majority investor Thoma Bravo will retain a minority stake in the company.
The company will use the proceeds to continue product innovation and expand through both organic and inorganic growth initiatives.
Founded in 1994 and led by Eileen Martinson, CEO, Sparta Systems is a provider of cloud and on-premise quality management software to customer in regulated industries, such as in life sciences, consumer products, discrete manufacturing, etc.
The company, which also has offices across Europe and Asia, supports close to 1 million users across 700+ implementations, in more than 30 countries.
FinSMEs
22/08/2017