Aptean, an Alpharetta, GA-based provider of mission-critical, industry-specific enterprise software solutions, will receive a joint investment from TA Associates and Vista Equity Partners.
The amount of the deal – subject to customary closing conditions and expected to close during the second quarter of 2019 – was not disclosed.
The company intends to use the proceeds from the investment to accelerate growth to continue providing manufacturing ERP, supply chain and compliance solutions to its customers globally.
TA and Vista will be equal partners, each investing new equity to acquire Aptean from the separate Vista fund that initially invested in the company in 2012. Moving forward, the partnership will enable the company to leverage TA’s global add-on acquisition origination and integration capabilities alongside Vista’s proven operational expertise with the aim of positioning Aptean for substantial organic and inorganic growth.
Led by TVN Reddy, CEO, Aptean is a global provider of ERP and supply chain management solutions addressing the unique challenges facing process and discrete manufacturers, distributors, and other focused organizations. The company’s compliance solutions are built for companies serving specific markets such as finance, healthcare, biotech and pharmaceuticals. Over 2,500 organizations in more than 20 industries across 54 countries use the company’s solutions at their core to assist with running their operations.