Thomas H. Lee Partners, a private equity firm, has invested in inriver, a PIM software firm. Verdane, a growth equity investor, will retain a significant stake in inriver.
The transaction will include a capital investment to support inriver’s product development roadmap.
Cliff Longley, director at THL, said, “Inriver fits THL’s sector thesis related to ecommerce and digital enablement software, and its technology is fundamental to executing commerce at scale. We look forward to supporting go-to-market investments to accelerate growth in North America and build on the Company’s strength in Europe.”