Luminate Capital Partners, a private equity firm focused on enterprise software, has made a majority growth investment in Ease Inc., a manufacturing plant floor audit software company.
The Ease plant floor audit SaaS offering works to serve the manufacturing industry. Ease harnesses plant floor data, offers insights into manufacturing processes and looks to deliver ROI for customers through productivity, quality and safety and lower costs and defects. Luminate’s investment aims to help Ease expand its position in the manufacturing software sector by driving new product development and other growth initiatives.
“We are excited to start this next chapter with Luminate and leverage their extensive experience in scalingand driving growth through product expansion and innovation,” comments Eric Stoop, CEO of Ease.
Lincoln International provided M&A advisory services to the shareholders of Ease and legal advice was provided by McDermott Will & Emery. Kirkland & Ellis was legal advisor to Luminate.