Diversis Capital, a Los Angeles-based private equity firm, has bought the remaining minority interest in Tempo Software, a strategic road mapping, time and capacity planning and portfolio management company, from Origo.
Tempo offers applications for time management, resource planning, budget management, strategic road mapping and program management for software engineering and product management teams. Diversis originally acquired a majority interest in Tempo from Origo in 2018.
“Diversis initially invested in Tempo four years ago because we believed in the growth potential of an organization that was delivering high value to its customers and the Atlassian ecosystem,” comments Ron Nayot, managing partner of Diversis Capital. “Through our partnership with Origo, we’ve seen Tempo continue to deliver strong results and grow organically and inorganically. Now operating in more geographies, categories and markets, we’re excited to work with Mark Lorion, Tempo’s CEO, and the entire Tempo team to drive the next phase of growth as the primary owners of Tempo Software.”