Flexera, an Itasca, IL-based software developer, entered into a new investment partnership with TA Associates.
TA is acquiring equity from existing investors, and will work in partnership with existing lead investor Ontario Teachers’ Pension Plan to continue to grow the company.
The undisclosed transaction is expected to close in February 2018.
Led by Jim Ryan, President and CEO, Flexera operates a portfolio including Technology Asset Data platform, Software Monetization and Open Source Compliance and Security solutions for technology suppliers, and Software Asset Management and Software Vulnerability Management solutions for technology buyers.
In business for 30+ years, the company has over 1,000 employees and over 80,000 customers.