Rocscience, a Toronto, Canada-based provider of geotechnical software solutions, received a growth investment from TA Associates.
The amount of the deal was not disclosed. As part of the transaction, Nicholas Leppla, Ashutosh Agrawal, a Managing Director at TA, and John Triebsch, a Senior Vice President at TA, will join the Rocscience Board of Directors. Dr. John Curran will remain on the Board of Directors.
The company intends to use the investment to capitalize on several organic and inorganic growth initiatives, including investing in its operations and go-to-market strategy, expanding its product suite through strategic M&A, and advancing the product offerings into adjacent market categories.
Founded in 1996 by Dr. John Curran, Executive Chair, and led by Thamer Yacoub, CEO and President, Rocscience specializes in 2D and 3D modeling, simulation and analysis of rock and soil behavior. Its team is comprised of people dedicated to developing geotechnical software for professionals across the civil, structural and mining industries. Combining research with continuous software development, the company offers an integrated portfolio of products that help engineers solve geotechnical challenges.
Today, more than 10,000 customers across 120 countries use Rocscience’s technology.
FinSMEs
09/01/2024