Idera Closes $1.125 Billion Recapitalization

Idera, a Houston-based provider of database lifecycle management solutions and application development tools, closed a $1.125 billion recapitalization.

The deal was led by HGGC, a middle market private equity firm, being done in partnership with TA Associates, which has owned Idera since 2014, and Idera management.
Upon completion of the deal, HGGC will be the controlling investor in the company, with TA Associates and management retaining a significant ownership stake.
The recapitalization includes funding for a pending add-on acquisition by Idera that is signed and expected to close in the coming months.

The company develops software that enables database professionals to design, monitor and manage data systems, and builds application development tools to enable software engineers to build, test, and deploy a wide range of applications. The company’s customers span multiple industries, including Education, Energy, Financial, Government, Healthcare, Manufacturing, Media, Retail and Technology.
The University of Notre Dame, Chevron, Saint Francis Health Services, and Microsoft are among the more than 20,000 organizations who use its products every day.



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