insight venture partners inevsts in key data systems

Insight venture partners inevsts in key data systems software#

Aptean’s brand is a clear success story in enterprise software, and we are pleased to continue being investors in the company.” “The company’s organic growth, product leadership and strategic acquisitions have accelerated its trajectory. “Aptean has far exceeded our expectations since our investment in 2020,” said Hiren Mankodi, Managing Director at Charlesbank.

Eoin Duane will join representatives from TA and Charlesbank on the Aptean Board of Directors. “We are thrilled to invest in Aptean at this moment in the company’s growth and look forward to partnering with TA and Charlesbank as Aptean continues its path of industry-leading innovation in the manufacturing ERP and supply chain market,” said Deven Parekh and Eoin Duane, Managing Directors at Insight. “We are excited to make an additional growth investment in Aptean, and look forward to deepening our partnership with the Aptean management team, Charlesbank and now Insight.” “Driven by the company’s significant investment in new cloud SaaS based-applications and strategic acquisitions, Aptean’s organic growth rate has accelerated, providing significant tailwinds for the future,” said Hythem El-Nazer, Managing Director at TA, and Mike Libert, Director at TA.

Aptean has simultaneously grown its talented employee base to more than 3,000 individuals across the globe. Aptean’s international footprint now represents almost half of the company’s total revenues. Over the past 24 months Aptean’s total revenues have almost doubled, driven by the company’s significant investment in organic initiatives and strategic acquisitions, particularly in Europe. Key sectors for Aptean include both process and discrete manufacturing, as well as distribution. Today, Aptean has more than 10,000 customers in over 20 industries who rely on its mission-critical ERP and supply chain applications to run their daily operations, spanning more than 50 countries. Together we will aim to accelerate the market success of our cloud-based solutions, as well as other organic and inorganic growth initiatives, to continue meeting the mission-critical needs of prospects and customers.” “Insight’s investment and TA’s recommitment demonstrate enduring confidence in our strategy and results.

Insight venture partners inevsts in key data systems software#

“We are excited to partner with Insight and leverage the firm’s significant experience investing in software companies to advance Aptean’s growth journey,” said TVN Reddy, CEO of Aptean. Charlesbank Capital Partners (Charlesbank), a middle-market private investment firm based in Boston and New York, will continue as a shareholder, while Vista Equity Partners (Vista) will fully exit its stake in the company. With its new investment, TA, a leading global growth private equity firm, will become the lead shareholder of Aptean. 10, 2022 (GLOBE NEWSWIRE) - Aptean, a global provider of mission-critical, industry-specific enterprise resource planning (ERP) and supply chain software, announced today that a definitive agreement has been signed through which it will receive a strategic investment from Insight Partners (Insight), a New York-based global private equity and venture capital firm, and existing investor TA Associates (TA).