TA Associates, a global growth private equity firm, and Insight Partners, a global private equity and venture capital firm, have invested in Aptean, an enterprise resource planning (ERP) and supply chain software company.
Aptean offers ERP and supply chain applications to approximately 10,000 customers in over 20 industries to help enterprises run their daily operations. Aptean serves both process and discrete manufacturing as well as distribution sectors. With its new investment, TA will become the majority shareholder of Aptean.
“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,” comments Hythem El-Nazer, managing director at TA, and Mike Libert, director at TA.
“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,” adds Deven Parekh and Eoin Duane, managing directors at Insight.