Aptean, an Alpharetta, GA-based provider of mission-critical, industry-specific enterprise resource planning (ERP) and supply chain solutions, received a growth investment from Charlesbank Capital Partners.
Charlesbank Capital Partners, TA Associates and Vista Equity Partners will have equal representation on the Aptean Board of Directors.
The amount of the deal was not disclosed.
Charlesbank will join existing investors TA Associates and Vista Equity Partners as institutional shareholders in Aptean. As part of the deal, expected to close in the third quarter of 2020, pending customary regulatory approval, TA Associates will also make a further investment in Aptean.
The funding provides additional capital that will enable Aptean to increase its investment in innovation and accelerate its global growth.
Led by TVN Reddy, CEO, Aptean is a global provider of mission-critical, industry-specific software solutions. Its purpose-built ERP and supply chain management solutions help address the unique challenges facing process and discrete manufacturers, distributors and other focused organizations. Its compliance solutions are built for companies serving specific markets such as finance, healthcare, biotech and pharmaceuticals. Over 4,100 organizations in more than 20 industries across 54 countries use them at their core to assist with running their operations.