TA Associates, a global growth private equity firm, acquires and combines Global Software, Inc. and insightsoftware.com International, two ERP reporting and corporate performance management software companies.
The financial terms of both transactions were not disclosed. With over 6,000 enterprise customers globally and more than 75,000 end users, the combination creates the market-leading ERP financial and operational reporting platform.
The newly created company will be named insightsoftware and will be led by new Chief Executive Officer, Michael Lipps, who previously served as President and Chief Operating Officer of MercuryGate International and as Managing Director at LexisNexis, where he led the company’s Legal Software Division and Raleigh Technology Center. He also held several executive leadership positions during his 14-year career at Intuit Inc., including leading the company’s flagship Quickbooks Financial Software product line.
The creation of insightsoftware also aligns Spreadsheet Server, the Microsoft Excel-based ERP reporting tool, and Hubble, the JD Edwards & Oracle E-Business Suite ERP performance management tool, under the direction of a single management team.
The new company will be headquartered in Raleigh, North Carolina, with global offices in Denver, Colorado; London, England; and Perth, Australia.