TA Associates, a global growth private equity firm, has made a a $100 million investment in Appfire, a provider of apps that help teams solve modern challenges with digital services. With this investment, Appfire intends to maintain its role within the Atlassian ecosystem with more than 85 purpose-built products on the Atlassian Marketplace and over 110,000 active installations worldwide.
“TA’s commitment to growth and innovation aligns with our passion for helping teams everywhere drive efficiency and productivity,” said Randall Ward, CEO of Appfire. “We believe this investment is a testament to Appfire’s outstanding team and a clear validation of our vision, strategy and execution. We are excited to continue our partnership with Silversmith and welcome TA as a strategic growth partner.”
“We are thrilled to complete this strategic investment in Appfire and to support Randall and his team in the next stage of the company’s evolution,” said Michael Libert, a principal at TA Associates, and Hythem El-Nazer, a managing director at TA Associates. “We look forward to working closely with the Appfire and Silversmith teams in driving organic growth, leveraging the company’s robust M&A platform and supporting Atlassian’s goal of having best-of-breed products.”
As part of the investment, Libert and El-Nazer of TA have joined Appfire’s Board of Directors.
Kirkland & Ellis LLP served as legal counsel to Appfire and TA Associates. Baird served as the exclusive financial advisor to Appfire.